2d time is how grand at 96 and 184 Grand? : Manhattan Loft Guy

Manhattan Loft Guy

Jul. 27, 2007 - 2d time is how grand at 96 and 184 Grand?

huge spaces + roof / bring architect + engineer + contractor +…. $$$

Two similar Manhattan loft listings hit the market yesterday and today, one in the true SoHo stretch of Grand Street, one a bit farther east into NoLita. Both are top (6^th) floor, full floor lofts. Both are all about the space and the roof rights. Both will probably require a million dollar build-out. Both were on the market last year, without selling.

96 Grand St 6^th fl is a real ‘opportunity’ (“penthouse potential”), with “3,600 sq ft” plus “1,200 sq ft” of roof rights. PruDE doesn’t (yet?) have pix or floor plan up on the web, but it is being marketed as “artist’s studio” that offers “a lot to work with”, so figure it is pretty primitive. Asking $3.85mm (maintenance is $2,000/mo), compared to the $3.995mm, $3.5mm and $3.75mm at which it was marketed by Halstead from last June through October.

184 Grand St 6^th fl involves putting back together a space that was broken into two apartments. This one got an extended play on Curbed yesterday (On the Market: Soho Artist Loft, w/Giant Roof), including from me. Price was $3.85mm when it was offered from December 2006 through March, and $3.999mm when it was offered for only one month early in 2006. (Interesting that the maintenance here is close to $1/ft, at $3,452/mo, compared to just over half that per foot at 96 Grand.) It is said to be a bit bigger than 96 Grand, with "4,000 sq ft" plus "1,300 sq ft" of private roof rights.

How grand will The Market think these opportunities are?

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Jul. 27, 2007 - re: 2d time is how grand at 96 and 184 Grand?

Posted by adam

did you notice the "80% down" required on 96 Grand St? wow. so if you've got 3million sitting around...

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Jul. 27, 2007 - re: 2d time is how grand at 96 and 184 Grand?

Posted by Sandy Mattingly

Adam - there is a better than 80% chance that the "80% down" number should be "80% financing". Somebody at PruDE hit the wrong button, almost certainly.

THX for stopping by.

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Manhattan Loft Guy

Jul. 27, 2007 - 2d time is how grand at 96 and 184 Grand?

Jul. 27, 2007 - re: 2d time is how grand at 96 and 184 Grand?

Jul. 27, 2007 - re: 2d time is how grand at 96 and 184 Grand?

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