124 Hudson is new + terraced

[update 12.4.08: I have restored this post (below), as the reasons for having removed it in April no longer obtain]
I have removed the content of this blog post, as it comments about the current listing of another agent. For information about why, check out end of an era for Manhattan Loft Guy / a new day dawns? from April 9.


The original post:


making new look old
The Manhattan loft 124 Hudson Street #4A is new to market this week, asking $3.495mm and $2,626/mo (condo; taxes abated?) for "2,473 sq ft" of nearly square space with the master and living room looking over Hudson Street and the  2 other bedrooms (and "109 sq ft" terrace) looking into the courtyard/garden. The floor plan includes a true foyer, but the loft flows between the dining area and the kitchen to reach the living room (a bit awkward, that).

The finishes are top notch, with wide plank oak flooring, a real fireplace, top kitchen appliances and limestone baths. The building was built in 2001 and came to market before — and began to close just after — 9/11 (earliest closings were November 12, 2001). I think it does a nice job of resembling the kind of building that might have been on this lot before the former parking lot was there, with  10 foot ceilings, nice brick work and factory-sized windows.

This was definitely built to take advantage of the family-friendly Tribeca, with 16 units having 3 BRs, 4 with 4 BRs and (only) 6 with 2 BRs — just down the block from what had been scuzzy old Tribeca (see
tales of Olde Tribeca / 1980s nastiness at 151 Hudson Street, January 3). But like many ‘family’ buildings in Tribeca, the amenities here do not include a doorman (just the roof deck, garden and storage facilities).

history next door
#4B closed last April at just under $2.5mm, for "2,110 sq ft" that was said to have been "completely upgraded". It had been on the market since May 2006, starting at $2.95mm before dropping in stages to $2.65mm and going to contract in March.

Penthouse #8B closed two months ago at $6.195mm for "3,014 sq ft" plus a terrace OF "1,700 sq ft". That one has a curious history, as it had been offered for 10 months in 2006 (starting at $6.5mm but offered at $6.2mm for 7 months), then changed firms to come back to market in August 2007 when it quickly found a buyer at the asking price of $6.195mm (16 days to contract).

The only other 2007 sale I see was #3B, which traded at $2.45mm in February ($50k under #4B in April).

[update 12.4.08: deed was filed for #4A on October 7 for $3.165mm]

© Sandy Mattingly 2008

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