Jul. 26, 2007 - loft contracts galore this week / west side edition
many Manhattan lofts came through the inter-firm data-base as In Contract in the last four days; here are some from the west side, all of which have been mentioned here before:
241 West 36 Street #6R took nearly a year to find a contract, first with Olshan then with Stribling’s Peter Browne, who took over in February. Asking $1.3mm (originally $1.399mm last July) for “1,700 sq ft”, I must not have been the only one who thought it had layout issues (nearly square, there are windows on only one side, with a corner balcony).
36 West 15 Street 2nd floor was featured a few weeks ago because of the three early price drops from the December asking price of $1.75mm and its persistence on the market at $1.295mm since February. (market doldrums at 36 W 15 / selling an old listing) Another with layout issues, as the “1,480 sq ft” array has only 1 bathroom. (This hit the inter-firm database as In Contract this week, but reader Jess noted the contract last week.)
448 West 37 Street #6F did not linger: it came out on July 2 at $1.149mm (people who live in Glass Farmhouse … 6F is new). Described as “1,418 sq ft”, the listing includes this fascinating footnote (kudos to PruDE’s Anthony Gentile for being explicit) “1418 sf is listed in offering plan and probably includes a percentage of common elements”. The size and layout issues (another near square with one wall of windows) did not pose a problem here, which is probably an example of Price Solving A Problem.
© Sandy Mattingly 2007
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