is it a One Bed Wonder? / keeping secrets at 249 W 29 : Manhattan Loft Guy

Manhattan Loft Guy

Mar. 14, 2007 - is it a One Bed Wonder? / keeping secrets at 249 W 29

3,000 sq ft with 1.5 baths

I missed the 11^th fl at 249 W 29 St when it came out the week before last. It has many appealing classic Manhattan loft features, including 4 exposures, 28 windows, central air conditioning, and a “huge” master suite. While it has a “second bedroom / den”, that room seems to be interior. More critically for the One Bed Wonder category (what is a One Bed Wonder?), there are only 1.5 baths. Most people with 3,000 sq ft just do not want whoever is sleeping in the “den” wandering in to that huge master suite to take a shower.

Hard to say, for sure, for sure, as there are no pictures or floor plan on the Atco web site. When Stribling had it for sale for most of 2005, they called it a one bedroom.

$1,000/ft?

They are asking $2.95mm (maintenance is a healthy non-doorman $3,289/mo). Always difficult to assess values without information about condition, of course, but #3N got almost $900/ft when it closed earlier this year (1,600 sq ft for $1.42mm), while #2E got $725/ft (2,000 sq ft for $1.425mm in December). Mathew McKay at Corcoran described #3N as “absolutely flawless” in his listing description and that unit has an “amazing” 250 sq ft terrace. Of course, the 11^th floor should have much better light and has 4 exposures – which may be enough to support $1,000/ft.

Cute that Atco assigns this address to the Manhattan “section” of the “middle Westside”.

Open House Sunday 1 – 4.

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