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Manhattan Loft Guy

Oct. 3, 2007 - will the new one at 161 W 15 St add up?


Trying to figure out the new listing #2H at 161 West 15 Street (in the Jensen-Lewis building, for you shoppers). Asking $1.949mm and $1,233/mo for "1,850 sq ft" that is very enthusiastically presented ("stunning", "one of a kind", "meticulously renovated" in an "imposing, fantastically convenient building"). Cook's kitchen with the proper proper nouns. Central air. 14 foot vaulted ceilings.

what's not to like?
We'll know better when the pictures and floor plan hit PruDE here [fixed the link; THX Adam], but it is tantalizing, in a coop that has gotten $1,000/ft before.

As you will see when it hits the website, Stanley Ginsberg of PruDE notes that few units change hands in this building. But #5A sold last December, "1,450 sq ft" for $1.475mm, an $80k premium over the asking price. That listing description was not neatly as excited as the new one for #2H.

This building is a relatively large loft building, with 63 units, and has a resident superintendent and a porter - though no doorman.

© Sandy Mattingly 2007
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on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate

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