new contract, old price at 160 Chambers
patience, Prudence, patience
Unit 3 at 160 Chambers Street has been on the market since March, starting at $1.635mm and dropping (mildly) to $1.575 six months ago. They held steady there and found a buyer off that price, as it shows up as “in contract” today.
The unit is said to be “1,500 sq ft” with maintenance of $1,500/mo. Interesting that this coop requires only 10% down. (This is certainly the only listing that I can remember in which the coop board is described as “delightful”.)
where will the elevator go?
This unit and building has been featured here before, as it is presently a walk-up but there are plans to add an elevator next Summer. See my post on Aug 4 (elevator coming to 160 Chambers / NY Times On The Market) and the discussion there with reader VDH about how adding the elevator may disrupt the space.
Also interesting that they found a buyer by holding firm on the (asking) price for 6 months.
Also interesting that the building next door has a (somewhat) similar unit at a similar price, but shorter history.
As I said on Aug 26 (back story / 158 Chambers is On the Market in NYT) when 158 Broadway #5 was featured in the NY Times:
Tune in in a few months to see where both of these units close.
(C) Sandy Mattingly 2007