in contract: 95 Vandam finds its Peace & Quiet buyer
drop, drop, dropping worked
I posted on June 1 about a beautiful SoHo loft (edge of SoHo) under $1,000/ft that may have been victim of death-by-small-price-drops, with three drops totaling $280k, drop, drop, dropping along at 95 Vandam / SoHo loft under $1,000/ft.
Whether it was that last price drop, the weather or the owner’s acceptance of The Market’s realities, #5R at 95 Vandam Street is in contract as of this morning’s update on the inter-firm system.
My main comment three weeks ago was:
how SoHo is this edge of SoHo?
I suspect the “issue” is the location on Vandam off Hudson (just down the block from the 1000 foot long UPS building on Greenwich St), which they try to deal with by emphasizing that the loft is both “quiet” and “private”. The layout is pretty terrific, nearly square with windows on two sides of a corner. Light looks decent (no better) and the buildings to the west and north seem to be built nearly to their lot lines, higher than this fifth floor. Ceilings look high enough for a loft. Plus it has the columns and beamed ceilings that some loft lovers fawn over. And a “gourmet” kitchen.
The buyer must be more into ‘the space’ than light-and-views. Looks like terrific space. Congratulations to the (long-suffering?) Owner and to Cyrus Greenspon at Sothebys, who may yet close on this sale before the listing has its anniversary around Labor Day.
© Sandy Mattingly 2007
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