Ice House does fly / NY Times residential sales : Manhattan Loft Guy

Manhattan Loft Guy

Sep. 28, 2006 - Ice House does fly / NY Times residential sales

agent told no lies about 27 North Moore loft

Today’s NY Times report on closed residential sales includes a Manhattan from the Ice House in Tribeca.

TRIBECA $1.995 million

27 North Moore Street

(Ice House)

2-bedroom, 2-bath, 1,700-sq.-ft. condo in a prewar loft building; 24-hr. doormen, private elevator to unit; living room with fireplace, 11-ft. beamed ceilings; private roof deck; health club in building; common charge $763; taxes $7,476; listed at $1.995 million, 7 weeks on market (broker: Corcoran Group)

This unit is #3E and was sold by Neil Levine at Corcoran, who claimed in his listing description that it was “priced to FLY!!”. Since it took less than three weeks for this loft to go to contract at full asking price, kudos to Neil. (But the “overlooking lovely park” part is a bit much, as the lovely park is the greenery at the Holland Tunnel spillway.)

The Ice House runs through the block from North Moore to Ericsson Place which, as noted, abuts the Holland Tunnel loops – though the compensation is that the North Moore entrance is across from Walker’s. It was converted to condos in 1998.

lots of choices up the Ice House ladder

Perhaps the Holland Tunnel depressed the price for #3E, or perhaps Levine and the seller were more realistic than other sellers there. There are three other units for sale in the building in the last five weeks, all by Corcoran agents, each with open houses scheduled.

#5B is the same size as #3E and is offered at $2.395m

#7C is larger (2300 sq ft) with bigger views and a heftier price tag: $3.925mm.

Going up the ladder, #9D is larger still (2800 sq ft) and is offered at $5.95mm (off its original pre-Labor Day price of $6.45mm).

are the sellers really “sellers”?

Repeat after me: there are buyers out there, who buy apartments that are well-priced. There are sellers out there who are “sellers” in name only, because they are asking a price that no buyers are willing to pay. Neil Levine hit it right; time will tell if his Corcoran colleagues do as well.

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Sep. 28, 2006 - Ice House does fly / NY Times residential sales

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