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Manhattan Loft Guy

Aug. 27, 2007 - American Thread new to market / why so soon?

 
one year later…
#4A at 260 West Broadway, the American Thread Building, is new to the Manhattan loft market this weekend, asking $2.3mm and $1,788/mo (condo; with an assessment of $697/mo for an unstated period) for “1,600 sq ft” of “incredibly renovated and restored” loft. It is not clear that they think of this as part of the loft market, actually.
 
This unit changed hands last May for $1.6mm, so I wonder what changed in the owners lives to have them try to sell so quickly. (The owner was trying to sell it by himself beginning a month ago, before listing with Brian Meier at PruDE.) I don’t see any building permits for this unit so it is hard to say when all that incredible renovation and restoration occurred.
 
the beautiful work was when?
The current price suggests it has been considerably improved since the current sellers bought it 15 months (and $700 k) ago. You might want to ask…
 
The layout is nearly square, with an east window in the master bedroom and five southern windows for the living room and second bedroom, with the dining room in the middle and the kitchen near the entry. (It works probably better than I have just made it sound). One awkward bit is that both bathrooms are en suite to bedrooms.
 
That window in the master doesn’t do much good, with a six story hotel being built pretty much right outside the window.
 
true loft, but apartment layout
The net effect of all the interior walls is a flow and feel that would not be foreign on upper Park Avenue, an effect further enhanced by the closed kitchen, complete with swinging door into the dining room. (I can’t remember the last real loft I saw that had a closed kitchen….)
 
The AmericanThreadBuilding is a loft building – an industrial and mercantile past, exposed utilities (at least when originally marketed in 1981), high ceilings. But this unit is not only laid out like an “apartment” rather than a “loft”, the word “loft” no where appears on the web listing. Hope they are not offended to be mentioned on Manhattan Loft Guy.
 
Perhaps this is the loft for uptown people who just want a downtown address.
 
#4G (”1,450 sq ft” and also described as “mint”) sold seven weeks ago for $1.775mm.
 
© Sandy Mattingly 2007
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Sandy Mattingly is Manhattan Loft Guy; now with The Corcoran Group, he can be reached most easily at Sandy@ManhattanLoftGuy.com or 917.902.2491. Since March 2006, this blog has addressed matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others interested in New York City real estate.

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