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who laughs at 108 Wooster deal?

Sandy MattinglyPosted on Posted in loft neighborhoods soho — No Comments ↓

I picked on #5E at 108 Wooster Street when it was new to market (October 16: all feet at 108 Wooster are square but not equal), describing it as “’1,140 sq ft’ of the least efficient small space I can recall. Simply staggering in its wastefulness!”.

who is laughing now?
Darned if they don’t have an accepted offer this week! Celine Coudert of Corcoran has the listing for $1.275mm and $926/mo. Back in October I compared the asking price of $1,118/ft to #5A in the same building, which sold at $1,133/ft ($1.36mm for “1,200 sq ft”) in July, also sold by Celine Coudert.

It is difficult to overstate the degree to which the foot print for #5A is as efficient for a small loft space and #5E is inefficient. #5B has a funky raised platform area (is that structural? seems not), but otherwise each square foot contributes.

#5E, on the other hand, is essentially one box of 26.5 x 23.5 ft plus a 100 sq ft kitchen plus hallways and foyer. Maybe 750 sq ft of very usable, efficient space. The rest consists mostly of entry hallway (30 x 4 ft?) linked to the foyer (6′ 8" x 23 ft). Foot for foot, there is no way that this space is equal in value to #5B. No way.


“No way”?? I am not so sure now.

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