new at 130 Watts / bonus open house at $1.999mm : Manhattan Loft Guy

Manhattan Loft Guy

Nov. 16, 2007 - new at 130 Watts / bonus open house at $1.999mm

$4,000 too high?
My last Open House set of 5 for Sunday was at exactly $1.995mm, so I wish 130 Watts Street #1N were priced at that level, but it isn't. Not saying it is over-priced by $4,000, just that it would have fit in better with those other five lofts….

It was new to the market yesterday and is said to be "1,996 sq ft" for $1.999mm and $1,956/mo. There are pictures on the web but no floor plan (until later today) but the big issue for a lot of people will be those bars on the living room windows. Not too many lofts are set at sidewalk level.

The building was converted in 1999 and sold with finished kitchens and baths, but the lofts were otherwise open. This one has 3 bedrooms (3^rd one may be interior, but has a skylight) and 2 baths. (I am puzzling over two skylights in a ground floor loft….)

same unit, higher up (not as nice?)
I touched on Unit 6N in this building when it went into contract in July (who's on Watts? contract at 130 Watts). That one should have the same footprint as the new #1N, but sounds as though it was set up differently. (Still puzzling over two skylights ….) I said that layout in that unit presented some challenges:

It is 24 feet wide, with four windows in front and four in back - the classic Long-and-Narrow with the plumbing stacks in the middle. It Is unusual in this classic layout for the loft entrance to be so close to one end - in this case, the entry way sharply reduces the usable width for the bedrooms (yes, there is a window in that second "bedroom", but …). So for many people the layout presents challenges (especially with only one bathroom)

Like #6N, #1N is priced under $2mm (barely, in this case). #6N closed on July 27 at a discount from its $1.9mm asking price, clearing at $1.775mm. I mentioned in that post past sales in the building to that point:

This one may have the original bath and kitchen (only from 1999, so "original" would not be "old"), as the past-but-not-recent sales were above $1,000/ft. #3N sold for $2.05mm in October 2005, while #2S (said to be 1,551 sq ft) sold for $1.55mm in April 2006 (OK, that was just under $1,000/ft). Both units must be done a bit more than #6N.

Unlike #6N, #1N has 2 baths and a "renovated" kitchen. On the other hand, #6N had pretty good light looking over the Holland Tunnel, while #1N sits on the sidewalk.

same unit, higher up (much nicer?)
#3N, which closed at a relative premium in October 2005 ($2.05mm) was said to have been very well renovated (including a "very high end kitchen", granite and river stone bath).

Open House Sunday Nov 18 from 2 to 4 PM

© Sandy Mattingly 2007

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Nov. 12, 2009 - RE: new at 130 Watts / bonus open house at $1.999mm

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