161 Hudson Street closed after 14 weeks, up 33% (since 2004)

The "2,325 sq ft" loft is nearly square, with windows on two sides, leaving a very large corner living room. This condo was new in 2004, with finishes consistent with that time, in the building that used to have the Wetlands music club [slash] environmental experience.

 

These sellers paid $1.825mm in the original offering November 2004, so they are ahead 33% (before expenses).

 

odd range of 2004 prices
Most units sold in the original sponsor sales in late November 2004, but I can’t tell when contracts were signed. They seem to have been signed over a wide range of time, or some buyers got friends-and-family pricing back then. In contrast to the $788/ft that the original #2B buyers paid, the #2C buyers paid only $395/ft and the #5C buyers paid $305/ft, while the #6A buyers paid $983/ft and the #7C buyers paid $942/ft,

 

The June 2009 clearing price for #2B of $1,036/ft is only a modest drop from the neighbors in #2C, who sold their slightly smaller loft ("2,117 sq ft") in July 2007 at $1,133/ft ($2.4mm).
 
 
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© Sandy Mattingly 2009