renovation sells at 27 Bleecker Street loft

keeping up with the Joneses
The Manhattan loft #5B at 27 Bleecker Street just sold for $625,000 more than the same loft sold for in May 2007.  Obviously, The Market liked the renovation done between the two sales, even if the 2007-renovator-turned-2010-seller did not enjoy it for terribly long. Interesting that the wonderful renovation brought #5B only up to the market value of the neighbors downstairs, who sold another beautiful renovation with the same footprint last August. The market for lovely lofts at 27 Bleecker Street is pleasantly consistent.

You really must read the listing description for details on this “recent, complete and exquisite renovation of this bright, classic NoHo loft, designed by Nikolai Katz”, then compare the enthusiastic babble and detail to that of #4B (“elegant loft, designed by Italian architect Gigi Baini with additional design by Andrea Steele of ANDArchitects”). A summary will not do justice to either one.

It is hard to distinguish these two "2,200 sq ft" lofts from each other in terms of quality without seeing them both in person, as each is so enthusiastically babbled, with proper proper names throughout, and quality material detailed. The floor plans are very similar (with split bedrooms split in the same way), though the different kitchen placements are interesting.

consistent, efficient
The Market liked both lofts, and their asking prices:

As I noted, #5B last sold before renovation at $2.075mm on May 24, 2007 (“with all prewar details still intact”); interesting that it had been marketed at $1.995mm from October 2006 (having started at $2.495mm in April 2006), but generated a late bidding war before finding a contract in March 2007. It sold before that in October 2004 at $1.75mm.

#4B sold on May 4, 2006 for $2.425mm, apparently without having been publicly marketed. That loft was probably in the same (lovely) condition in 2006 as when it sold this past August at $2.635mm.

© Sandy Mattingly 2011