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Manhattan Loft Guy

Feb. 23, 2007 - another renovation open house tour / take an architect to brunch

 
90 Prince
Open House 12 – 1:30
 
“Bring your architect” to 90 Prince St #7A (1,400 sq ft asking $1.795mm) then take the architect to brunch. Or go on to the other steps on this week's Renovation Tour.
 
You will need the architect if you want to live here like a grown-up – the floor plan does not have a kitchen on it. (Although it does have a rather impressive imposing bizarre master bath.)
 
116 W 29 St
Open House Sunday 12 – 2
 
The description of 116 W 29 St 8th fl does not say anything about renovation (indeed, it presents a “magnificent” loft), but I think most loft buyers at this price would pretty much gut the place and start over.
 
The bones include 29 windows (technically, it may have 4 exposures, but it has 2 long ones and a 3d that is pretty good, as I recall), plumbing stacks on both “side” walls, and more of a rectangular but not long-and-narrow foot print. You could do a lot with it, but not without adding considerably to the purchase price (asking $2.7mm.)
 
7 Bond St
Units 4A and 4B are waiting to be combined at 7 Bond St. They are said to provide 2,600 sq ft of “sunblasted” space with original details and 13 ft ceilings. Asking $3.1mm in a condo with monthlies of $2,230. The owner is also offering them separately, so it will be interesting to see if he is willing to discount the combination or holds out for full price for the two units separately.
 
722 Broadway
Open House 1 – 2:30
 
Reading between the lines here, this one needs a lot of work for most buyers in this price range. The 4th fl of 722 Broadway is a “real full-floor artist’s loft with studio”, with only a “modest” kitchen. 2,200 sq ft with 12 ft ceilings, exposed brick, four exposures (how long will the north windows last?) and original details, offered for $1.7mm.
 
open house is from 2 – 4
 
The 10th fl at 15 W 17 St is still available. This is the one raw floor in the 11 story building, and can be sold as is (really raw), or finished out as they are doing the other floor-through units in the building, or combined as a duplex with the penthouse. At this height there are windows along the east wall, though it is the classic (and limited) long-and-narrow footprint. Asking $2.665mm for what is said to be 2,221 sq ft (asking prices holding firm since September).
 
© 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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