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Manhattan Loft Guy

Aug. 29, 2006 - NY Post “Just Sold” at the Petersfield 115 Fourth Av / hard data can be hard

Here is the description given in the NY Post on Aug 24 for a recent closing of a condominium loft at the Petersfield at 115 Fourth Av (at 12th St):

 
$1,050,000 One bedroom, two-bath loft condo, 900 square feet, with washer/dryer, den and storage; building has roof deck with Empire State Building views. Common charges $1,000, taxes $600. Asking price $1,195,000, on market 40 weeks.
Broker: Alan Pfeifer, Halstead Property
 
The listing is no longer up on the agent’s website as active, and not yet up as ‘recently closed’, but this listing has to be #4G, which has a more extensive price history than indicated to the Post.
 
Originally offered at $1.275mm, it had five price drops in 9 months before a contract was signed in June at $1.05mm.
 
The Petersfield has long been one of the premier condo loft buildings south of Union Square, with a doorman, new gym and beautiful roof deck. (And much better windows than across the street at 111 Fourth Av.) But a couple of other sales have been slow there of late.
 
4H has also been on the market for a year, with no sale yet. It is said to be 1260 sq ft, now asking $1.99mm through Douglas Elliman, having come out last year at $1.25mm.
 
The same agents also have 7B, 1175 sq ft, said to have been “meticulously renovated to the most exacting standards” (these guys don’t lie). This one came to market in March at $1.595mm before one price change and one agent change.
 
© Sandy Mattingly 2006
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