new at River Lofts / 416 Washington with street views

amenities + bling …
Unit 2H at 416 Washington Street is new to market today, asking $2.995mm and $1,559/mo (condo; abated) for “1,676 sq ft” in the River Lofts. This is a 2003 conversion that has ‘uptown’ amenities (doorman, garage, ‘state of the art’ fitness center) and an ‘apartment’ layout (2 bedrooms + study that looks like an Upper West Side floor plan).

Among the interior brag points are the Varenna kitchen, the limestone spa bath, the Brazilian walnut floors and (making lemonade out of lemons??) the arched windows overlooking Washington Street.

recent comp
Other than penthouse units, the last sale I see was in March 2007, #3J (“1,278 sq ft”) for $1.35mm. It looks as though the Pashbys of Corcoran (who have #2H for sale) sold #2J (“2,000 sq ft” plus a garden of “539 sq ft”) in December off an asking price of $3.35mm, but I don’t see that closed deal in city records yet. Though bigger than #2H, #2J sounds much the same, though with interior (garden) views. That one went into contract at Labor Day after 5 weeks on the market.

Obviously, this seller and those Pashbys know the closing price a month ago for #2J, which has doing the math here) “324” more sq ft no the interior plus that “539 sq ft” garden. Weigh that against the Washington Street views vs. the garden views and see how they comp out.

… lead to celebs
For those who keep score in such things, this building has more than its share of celebrity residents. Just search for “River Lofts” and you will see at least three sets.

Open House Sunday January 27 from 2 to 4 PM

© Sandy Mattingly 2007

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