12 E 14 St terrace $1.25mm — free loft attached

900 sq ft loft with 1,175 ft terrace
#5A at 12 East 14 Street is a new-this-week one bed living space with 100 person roof terrace (1,175 sq ft). How will The Market value that combination? Jim Farah at Corcoran thinks it is worth $1.25mm (with maintenance of $1,364/mo).
It can only be worth it for someone with a serious entertaining lifestyle. Problem may be the 14th Street location (just west of Union Square; no green views, apparently) and the fact that the roof terrace is on top of (only) a 5-story building, No pix of the Empire State Building, and no telling without being there how much of a ‘canyon’ this rooftop glory may be.
But if you had the lifestyle to take advantage of the kick-ass kitchen and such large entertaining space, the 900 sq ft loft is almost a throw-in, for this much outdoor space. (Figure the loft at about $800/ft and the terrace at about $400/ft.)
#2C is said to be 1,500 sq ft (did they count the mezzanine?) and sold in February for $1.03mm after eight months on the market.
© Sandy Mattingly 2007
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