148 West 23 Street sale treads long water (swallows some)

from 2004 to 2007 to 2010 without getting anywhere
This history is remarkable, perhaps mostly because there are three data points, but also because the three data points overlap so much. The diminutive Manhattan loft #7E at 148 West 23 Street (Chelsea Mews) has traded three times in recently recorded history: October 2004, December 2007, and January 13, 2010.

The three clearing prices were $655k, $695k and $637k. Yes, those are in order: 2004, 2007, 2010.

Perhaps more remarkable still, the latest current price of $817/ft is higher than the two most recent other sales at Chelsea Mews.

#3E cleared on January 19 at $777/ft ("900 sq ft"), compared to $/ft $673/ft ($606k) in June 2005 (the higher price was due to the "thoughtful renovation throughout" after 2005)

#7A cleared last May 28 at $659/ft ("1,100 sq ft"), compared to $736/ft ($810k) in March 2005

maintenance is not diminutive
I have never done the due diligence for this building, so I don’t know the maintenance history. But the maintenance for #7E of $1,916/mo is rather impressive for a loft of only "780 sq ft", in a what the hell do I get for that? kind of way….

© Sandy Mattingly 2010