is 4,600 sq ft enough? 2 chances at 17 W 17 St : Manhattan Loft Guy

Manhattan Loft Guy

May. 22, 2007 - is 4,600 sq ft enough? 2 chances at 17 W 17 St

raw loft space at $700/ft

I blogged about the 3^rd fl unit at 17W 17 St when I saw three West 17^th Street lofts within a short time in December (selling West 17th St / 3 very different lofts almost on top of each other).

The 5^th floor is newly available, and in similar raw-and-ready-to-be-built-out condition (except that the 5^th floor is now a design showroom, vs. the tool and die on the 3d floor). Bonnie Wyper at Corcoran is representing this loft, asking $3.25mm (and $3,300/mo). As she says, “the traditional steel and concrete construction and 4 centered baring columns provide an eminently flexible space for your architect to turn this fabulous loft into a dream home”. (In case you are wondering about buying and using only part of the space, when I to Fred Williams at Sothebys about the 3^rd floor, it seemed that the 4,600 sq ft space can be sub-divided into two units, but perhaps not very gracefully, given where the elevator is and the light comes in.)

One could spend $300-per-foot in doing a wonderful build-out ($1.5mm) on the 5^th floor, and just be at $1,000/ft in total. If one had that kind of money and needed that kind of space.

As Judy asks (rhetorically, I am sure) in her listing description: “Where else can you find this kind of space in Manhattan?”

Is it rude to answer a rhetorical question??

There is at least one other place to find this kind of space in Manhattan, six floors above this space, where Fred Williams at Sothebys is offering the PH for $3.95mm (and $3,328/mo). Look at the pictures of the Empire State Building and Met Life Building at night and at day to decide if that view is worth $700k more than the 5^th floor. (Fred used to have another place to “find this kind of space”, but that 3^rd floor is now in contract; they were asking $2.9mm, since August.)

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View more entries tagged with: 17 W 17, West 17, Raw Space, Renovation, Empire State Building

Nov. 13, 2007 - RE: is 4,600 sq ft enough? 2 chances at 17 W 17 St

Posted by BA

This site went to contract a week or two ago.

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Nov. 14, 2007 - RE: is 4,600 sq ft enough? 2 chances at 17 W 17 St

Posted by Sandy Mattingly

Yup. The 5th floor went to contract as of Oct 27. I don't see the 4th floor on the Sothebys site any longer, but the inter-firm database status has not been updated, so that one is probably off the market. That penthouse is still available, though.

THX for stopping by, BA.

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Nov. 11, 2009 - RE: is 4,600 sq ft enough? 2 chances at 17 W 17 St

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Manhattan Loft Guy

May. 22, 2007 - is 4,600 sq ft enough? 2 chances at 17 W 17 St

Nov. 13, 2007 - RE: is 4,600 sq ft enough? 2 chances at 17 W 17 St

Nov. 14, 2007 - RE: is 4,600 sq ft enough? 2 chances at 17 W 17 St

Nov. 11, 2009 - RE: is 4,600 sq ft enough? 2 chances at 17 W 17 St

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