real 2,500 sq ft at 20 E 20 : Manhattan Loft Guy

Manhattan Loft Guy

Apr. 25, 2007 - real 2,500 sq ft at 20 E 20

The 4^th fl at 20 E 20 St is new to the market today. Like this morning’s new loft listing (wondering about the 1 Bed Wonder at 543 Broadway – how much for how big?), it claims to be 2,500 sq ft, but this one has the stats to back it up.

Unlike 543 Broadway’s 2d floor, this one has windows on both narrow ends – and the “narrow” ends are not so narrow, at 36 feet across. With 72 feet in length (per Jerry Senter at Corcoran’s floor plan), this baby measures to 2,592 sq ft before taking out the stairwell and elevator. If the dimensions are legit, that is as close to “true” square footage as you are likely to see in a Manhattan coop.

The width makes it easy to have two bedrooms along one narrow wall. The kitchen and two bathrooms take up what looks like the entirety of the “wet” wall, so those facilities look to be maxed out. (Don’t think about adding even a powder room without a major re-do.)

Asking $2.995mm seems hardly out of line, given the size and “custom” kitchen and baths, while the maintenance is a paltry $1,150/mo. One interesting note about building finances is that this is an unusual loft coop that requires at least 35% down – which certainly implies a more stringent level of financial review than is true of many loft coops.

I don’t see any sales in this building for the last several years.

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