SoHo lofts under $1,000/ft at 514 Broadway (1 new, 1 still)
#5G is new – “1,300 sq ft” for $1.299mm
Unit 5G at 514 Broadway is new and about as “SoHo” as Soho gets – for Broadway – between Broome and Spring Streets. (In fact, it is so new it isn’t yet up on PruDE’s website, but when it hits it should be here.) [update Aug 7 at 5:45 PM: not sure what is going on with the listing, except that the inter-firm data base now shows this as TOM – temporarily off the market]
Said to be “1,300 sq ft”, the floor plan on the inter-firm data base fails to show windows, so it is hard (at this point) to say whether the irregular “50 ft” by “23 ft” space works. It is billed as a “triple mint” one bedroom + home office + loft, so there may not be many windows and the kitchen and single bathroom are along one edge. They are asking $1.299mm (maintenance is $1,361/mo) in a building that has not commanded the typical SoHo premium without good reason (#6G sold for the $1.4mm asking price last year – hardly a true SoHo premium — and was said to be “1,250 sq ft” but had a private roof deck of 800 sq ft; #4H was said to be “2,130 sq ft” when it sold a year ago for $1.74mm).
This same unit changed hands in late 2004 for $970k. I can’t tell how many mints it qualified for back then.
#3H is not new – “2,100 sq ft” for $1.795mm
Meanwhile, Unit 3H is larger, with a lower price-per-foot (and a July price drop of $100k), and is about to celebrate an unwanted birthday. (See my July 13 post avoiding the anniversary sale at 514 Broadway – new price for 3H.) It is definitely larger than #5G, but see my July 13 post for some math that does not add up to “2,100 sq ft”. I can’t tell how the layout of this #3H compares to the #4H that was said to be “2,130 sq ft” when it sold last year for $1.74mm – maybe that one had a bigger lofted area (or a different ruler) ….
© Sandy Mattingly 2007
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