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Oct. 19, 2007 - 1 month to contract at 28 E 4, with numerous possibilities, as aggression is rewarded

got change?
The One Bed Wonder (Feb 24: what is a 1 bed wonder?) at 28 East 4 Street #7E has found a buyer after one month on the market. Asking $1.995mm and $1,792/mo for "1,900 sq ft", this 2 bath unit is described by PruDE's Abigail Agranat as "open and airy" with "numerous possibilities for change".

The footprint is classic Long-and-Narrow, with four windows along the long east (unprotected?) side and the plumbing arrayed along the long west wall. With the kitchen and baths conspicuously missing from the measly three interior photos, count the plumbing among the possibilities for change.

aggressive, hardly passive, on price
Agranat just represented #6W in the building, which sold in May as a fully finished (indeed, "splendidly renovated", of the "highest quality") loft. That one took all of two weeks to find a contract in January. Consistent with such a quick contract, that one went for the full asking price of $1.795mm.

Adding $200k to #6W's clearing price for the numerous possibilities (and dollars for renovation) for #7E's price was a pretty aggressive choice. Signing a contract in 4 weeks seems a reward for this aggression.

© Sandy Mattingly 2007
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Oct. 21, 2007 - RE: 1 month to contract at 28 E 4, with numerous possibilities, as aggression is rewarded

Posted by Pearl Manwani
I am surprised that this place sold so fast. It is not bad, but the floorplan is not ideal with the way the kitchen is located versus baths. Decently large and good light, but most of the windows open up to parking lots which, according to the broker, have a high chance of being replaced with new buildings.
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Oct. 21, 2007 - RE: 1 month to contract at 28 E 4, with numerous possibilities, as aggression is rewarded

Posted by Sandy Mattingly

Yup, I am surprised too, Pearl. If those east windows get blocked it won't be nearly as "light and airy".

Lots of lofts sell with all the plumbing along one wall, opposite the bedrooms. Here it is even more awkward, as the plumbing is also clustered in the middle -- away from the protected windows where you'd put bedrooms.

Was I right in thinking that no kitchen or bath pix means they are not worth bragging about (or saving)?

Did you sign your contract yet??

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Oct. 21, 2007 - RE: 1 month to contract at 28 E 4, with numerous possibilities, as aggression is rewarded

Posted by Pearl Manwani
Yes, the kitchen is half done (maybe less so), and there is nothing to brag about the place.
No contract signed yet. Still working on it.
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