would you pay $2mm for a Soho roof terrace? (loft is another $2mm at 458 Broome)
I blogged on May 1 about a one bedroom + 2 bath loft with a “heavenly” roof terrace and 17 foot ceilings when PH-5 at 458 Broome Street was newly listed (before photos or floor plan on the Eychner site). (new today: wonderful One Bed Wonder at 458 Broome (bring dollars)?) Now there are pix but still no floor plan on the web, which probably doesn’t matter.
Still scratching my head, however.
My guess (reading between the lines of the listing description) is that anyone thinking of paying serious money here ($3.995mm is very serious money here) would do a nearly complete renovation. I can’t remember the last time I saw the kitchen in a $4 million loft described only as “charming, windowed [and] eat-in”.
As I noted before,
the second, third and fourth floors all traded in 2005, at $1.905mm, $1.425mm and $1.651mm
I am thinking that a buyer who covets a terrace and the neighborhood will pay a significant premium over the 2005 prices on lower floors, but I don’t see anyone paying something that starts with a “3”….
© Sandy Mattingly 2007
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