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Manhattan Loft Guy

Aug. 27, 2008 - 53 N. Moore Street #2F comes + goes with alacrity + humor


smiling over funny number

The Manhattan loft #2F at 53 N. Moore Street was first offered for sale on April 4 at $3.15mm and found a contract by May 11, so the sellers must have been happy with that progress. It shows as Sold + Closed in yesterday's updates, though I see that it actually closed on August 11 at a funny number: $2,938,288. Unless that number is the result of using someone's lucky numbers (the "8"s for good luck??), that must have been some intense negotiation. You just don't see too many transactions that don't end in three or more zeroes, unless there is a bidding war.

not The Beach
This condo was created in 2000 out of 3 factory buildings (according to our database; StreetEasy thinks there were 4) spanning Hudson Street from N. Moore Street to Beach Street (just below the Holland Tunnel spillways). Dubbed The Northmoore, the developer claimed the one of the 3 streets it fronts that would not seem as prosaic as the Beach or The Hudson. 

modest pricing at the corner of Hudson + Tunnel
This is (so far) the only closing in the building in 2008. In 2007, #3A sold to the downstairs owner (a unique buyer, indeed) for $2.15mm (for "1,740 sq ft") on February 20; #5D sold on July 11 for $2.395mm (for "2,153 sq ft"); and Penthouse B sold on May 29 at $1.95mm (for "1,250 sq ft" plus a private terrace of "658 sq ft"). The $1,206/ft for #2F looks pretty good in comparison, although still light for a relatively new Tribeca condo with doorman. StreetEasy has these past sales, as well as information about any current listings in the building here.

Consistent with an 8-year-old conversion, #2F is said to be in mint condition, with (the original?) "chef-friendly granite and stainless kitchen", plus custom closets and storage. Although it is clearly not a floor-through unit (there are nine units per most floors in these 3 or 4 buildings), it has the classic Long-and-Narrow footprint of a full floor loft, with 2 bedrooms in back, the plumbing in the middle, and 2 big windows in the 26 foot wide living area (the floor plan is here, thx to StreetEasy).

© Sandy Mattingly 2008

 

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