716 Broadway has another birthday loft
keeping it on the 2d floor
About twenty feet north of the 2d floor loft I hit on Wednesday (710 Broadway is slimmer after holiday break) in the greater NYU corridor known as Broadway, 2d floor at 716 Broadway is also on the market, also has a long history (including a birthday), and also has high ceilings and soundproofed windows.
I hit it in a riff about seasonality of the Manhattan real estate market on September 19 (hope falls eternal? 716 Bway is back; short story: The Market is seasonal, but that is a macro concept that is – IMO — overblown).
This one has at least two things going for it over its toddler neighbor at 710 Broadway: a “500 sq ft” garden and direct views of Washington Square Park a short block to the west.
maturity in a listing is painful
Even in September it was a listing with a long history:
comparisons abound
Compared to its 2d floor neighbor at 710 Broadway, this one has (in addition to the outdoor space and Washington Square views) probably a better set of finishes in essentially the same size, and $500k. Compared to the 3rd floor at 716 Broadway, this one has more bathroom (2 vs. 1.5) and that outdoor space, but the 3rd floor has a bragged-about kitchen. The 3rd floor also sold – in May 2006 (6 weeks before the 2nd floor came to market at $2.95mm) for $1.85mm.
Short story Is that neither the 2d floor loft at 716 Broadway nor the 2d floor loft at 710 Broadway has sold, after long marketing, in a market that was notoriously active. Perhaps they are waiting for The Market tide to float them off the rocks….
© Sandy Mattingly 2007
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