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Manhattan Loft Guy

Sep. 14, 2007 - open house review / featuring Flatiron, with some Chelsea choices

 
(remember to check the agent websites Sunday morning to see if open house is still on)
 
$1.89mm and $1,709/mo (condo) for "1,375 sq ft" in the former UFT building
new to market Labor Day weekend with an open house (Aug 31: motivated sellers do Holiday open houses)
Open House Sunday Sept 16 12 PM - 2
 
$1.95mm and $1,950/mo (condo) for the 4A layout higher up
new to market this week
Open House Sunday Sept16 1 PM - 5 [that is a really long open house!]
 
$1.6mm and $1,917/mo (condo) for "1,282 sq ft"
On and off and on and off and (etc) the market since 2005; most recently since June (1.649mm)
Open House Sunday Sept 16 1 PM - 3
 
$2.399mm and $1,845/mo (condo) for "1,963 sq ft" in a full-floor classically Long-and-Narrow layout (22.5 ft wide), with front + back windows and 4 along one side
On the market since January ($2.599mm)
Open House Sunday Sept 16 12 PM - 2
 
#7C at 1200 Broadway (the Gilsey House)
$1.55mm and $2,007/mo maintenance for "1,950 sq ft"
on the market since May (they are patient on pricing) and I posted about it when new then (under $800/ft at 1200 Broadway (still too high?)):
 
It does, however, present some layout challenges.
 
This one is nearly square but has windows only on one side (facing south) and only four windows in all. The only full bath is a bit of a trek from either bedroom, as is the pass-through-the-nursery half-bath.
 
My guess is that this space will be most attractive to someone who is willing to do some serious updating or some serious renovation. My guess is that the asking price does not reflect the work (expense) that a buyer will put in.
 
Open House Sunday Sept 16 12 PM -1:30
 
$1.525mm and $820/mo (condo) for -- as I said last week -- "1,085 sq ft" with balcony (though what they are really selling here is serenity: "you are immediately taken by the beautiful courtyard visible from any of your oversized windows or private terrace"); new last week
Open House Sunday Sept 16 2 PM -3:30
 
$2.65mm and $1,354/mo (condo) for a "1,637 sq ft" 2 BR + 2 baths at the oh-so-classic Chelsea Mercantile
On the market 3 months
Open House Sunday Sept 16 from 2 - 3:30
 
$2.895mm and $1,150/mo maintenance for "2,500 sq ft" of classic open loft with custom kitchen, set up as 3 bedroom + 2 baths; a classic Long-and-Narrow layout with no side windows and all the plumbing squeezed into one rear corner, roughly 36 x 72 ft
new to market this weekend [thx to Lofty for pointing out below that this is the same apartment discussed in an open house review Aug 17 and April 25 (real 2,500 sq ft at 20 E 20), when it was a Corcoran listing at "20 E 20 St"]
Open House Sunday Sept 16 from 2:30 - 4:30
 
$1.699mm and $1,207/mo (condo) for "1,245 sq ft" in with "sophisticated design, flexibility and, dare [he] say, character"
on the market since June ($1.789mm), but it traded last August for $1.225mm -- presumably before being renovated
Open House Sunday Sept 16 1 PM - 3
© Sandy Mattingly 2007
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Sep. 15, 2007 - re: open house review / featuring Flatiron, with some Chelsea choices

Posted by Lofty
24 E 20 is a relisting. You've covered it as 20 E 20 on Aug 17 and Apr 25. Looks like they dropped $100k with the broker swap. Aside from the front and back windows that limit it to a 2br, the kitchen and bath remodel were mediocre.
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Sep. 15, 2007 - re: open house review / featuring Flatiron, with some Chelsea choices

Posted by Sandy Mattingly

sheesh, Lofty, it's good that somebody is paying attention....

Weird thing is that our inter-frim data base treats "20 E 20" and "24 E 20" as two different buildings, so the history did not transfer.

Other weird thing is that the old Corcoran pix have a yellow (warm?) hue, while the new PruDEs have a white (cold?) tone. Different filters, I suppose.

 

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Sep. 18, 2007 - re: open house review / featuring Flatiron, with some Chelsea choices

Posted by Colgin

Sandy,

Any thoughts on the A line units at 49 E. 21st?  Do the asking prices of those units seem high to you?  Is the second bedroom off the living room area really a true secodn bedroom or are these just 1 bed wonders?

Thanks.

Colgin

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Sep. 18, 2007 - re: open house review / featuring Flatiron, with some Chelsea choices

Posted by Colgin

Sandy,

Any thoughts on the A line units at 49 E. 21st?  Do the asking prices of those units seem high to you?  Is the second bedroom off the living room area really a true secodn bedroom or are these just 1 bed wonders?

Thanks.

Colgin

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Sep. 18, 2007 - re: open house review / featuring Flatiron, with some Chelsea choices

Posted by Sandy Mattingly
Short story, Colgin, is that there have been very few sales recently in this building. The last sale was an "A": #5A sold for $1.7mm last November. Using that scale, #4A at $1.89mm is probably more aggressive than #9A at $1.95mm, though neither is an objectively ridiculous asking price. (How's that for an endorsement? "objectively ridiculous asking price"??)
 
The "A" layout leaves that second bedroom out on the edge, far from a bathroom. At 10 x 12 feet with a closet, it is a *real* bedroom, but many buyers here may not use it as a BR. (No place else to stick the kid, of course.)
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Sep. 18, 2007 - re: open house review / featuring Flatiron, with some Chelsea choices

Posted by Sandy Mattingly

Correction Colgin -- the last sale at 49 E 21 was #8C, two months ago for $1,862,500 ("1,461 sq ft", compared to the "A" line's "1,375 sq ft"). "C" is probably a better layout for most *real 2BR* people, a little bigger, both BRs close to bathrooms, the "big" room being much larger and a corner with more windows.

 

Even so, both #4A and #9A should find buyers off their current asking prices (though not necessarily *at* their current asking prices).

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Sep. 18, 2007 - re: open house review / featuring Flatiron, with some Chelsea choices

Posted by Colgin

Thanks for your insight.

Colgin

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