in contract at 395 Broadway / noisy edge of Tribeca
quietloft at busy intersection
395Broadway #6C has found its buyer after not quite two months.Here’s what I said about it in an open house review Aug 25:
$1.375mm and $1,203/mo (condo) for “1,200 sq ft� with 12 ft ceilings; layout isnearly square with 4 windows on the north wall (period); spaceseems very efficiently laid out (for a single or couple) in openloft style; on Broadway nearly at Canal, it is (good news and bad)very centrally located
The commentabout the layout and singles or couples is because it is hard underthe current configuration to have a second sleeping area. At “1,200sq ft” it is not unusual that it would be an ideal loft for asingle or couple, and the current layout does appear to have aterrific flow (being nearly square helps) and a good sense of light(not so easy with windows on only one side).
comps work
I imagine they got closeto the asking price of $1.375mm, which would be $1,145/ft for aTribeca condo with no amenities other than a common roof deck (andno doorman). The last sale in the building was #15C (same size,obviously, with a “designer kitchen” but only 1 bathroom andconfigured as an open loft) for $1.295mm in April (ask had been$1.395mm). #14A also sold in April, also with “1,200 sq ft”, butthat one needed a gut renovation; traded at $1.165mm off an ask of$1.195mm.
I imagine they got closeto the asking price of $1.375mm, which would be $1,145/ft for aTribeca condo with no amenities other than a common roof deck (andno doorman). The last sale in the building was #15C (same size,obviously, with a “designer kitchen” but only 1 bathroom andconfigured as an open loft) for $1.295mm in April (ask had been$1.395mm). #14A also sold in April, also with “1,200 sq ft”, butthat one needed a gut renovation; traded at $1.165mm off an ask of$1.195mm.
No reason tosuspect the description of #6C as “quiet” inside, but there’s adifferent experience stepping onto the sidewalk and turningtoward CanalStreet nearby.
(C) Sandy Mattingly2007
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