Manhattan Loft Guy

Jul. 12, 2007 - who�s on Watts? contract at 130 Watts

3 months to contract under $1,000/ft in NW Tribeca

Unit 6N at 130 Watts Street came to market in April ($1.9mm and $2,145/mo for “2,000 sq ft”) through Mindy Diane Feldman of Halstead and has a contract signed this week.

a narrow 24 feet

It is 24 feet wide, with four windows in front and four in back – the classic Long-and-Narrow with the plumbing stacks in the middle. It Is unusual in this classic layout for the loft entrance to be so close to one end – in this case, the entry way sharply reduces the usable width for the bedrooms (yes, there is a window in that second “bedroom”, but …). So for many people the layout presents challenges (especially with only one bathroom),

Hence, the asking price under $1,000/ft.

For being nearly on Canal Street at the Holland Tunnel clover, this location is protected a bit from traffic (horns might be another story) and gets the benefit of all that eastern light over the tunnel entry (for now, at least). Definitely a block with more grit than charm.

This building was converted only in 1999 (the glass bricks in the bathroom fooled me into thinking it was older). This one may have the original bath and kitchen (only from 1999, so “original” would not be “old”), as the past-but-not-recent sales were above $1,000/ft. #3N sold for $2.05mm in October 2005, while #2S (said to be 1,551 sq ft) sold for $1.55mm in April 2006 (OK, that was just under $1,000/ft). Both units must be done a bit more than #6N.

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Jul. 12, 2007 - who�s on Watts? contract at 130 Watts

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