penthouse at 150 Chambers is new + outdoorsy

[The original post:]

outdoor space is how big a plus?
The Penthouse W at 150 Chambers Street is new to market today, asking $2.1mm and $1,388/mo (condo) for "1,500 sq ft" inside and a private "400 sq ft" private roof deck.

This is a classic Long-and-Narrow footprint, with just the 4 windows in front and 4 in back, with the plumbing in the middle. At just over 22 feet wide, there is not  a lot of flexibility in the layout – though it should not need flexibility as it has been "newly renovated". (I have a lot of trouble finding "1,500 sq ft" based on the dimensions given, but maybe….)

The ceiling "soar[s] up to 14 feet tall", which makes me wonder if it is a different height in different parts of the loft. The "large" windows look to be kind of small for a loft building (maybe the soaring ceilings are throwing me off). Unless I am turned around, the single building photo on the web listing is a ‘view shot’ of the building across the street; I am pretty sure this building is a beautiful old loft building with very tall windows on the 2d floor, smaller ones on the 3rd and 4th floors, and still smaller windows on the top floor.

is history a guide?
The Penthouse unit next door (Penthouse E) sold a year ago after 7 months on the market, 2 firms and 2 price drops, from $2mm to $1.895mm, to $1.795mm. The clearing price was $1.685mm for a unit that sounds like the same size as Penthouse W, the same condition, and also with a private roof deck.

That Penthouse E price is hard to reconcile with the history of Unit #4E, which sold very quickly for $1.61mm in 2005 ($110k above the asking price). That unit may or may have been in the same (excellent) condition as the two penthouses, but had no outdoor space.

whose anomaly?
Penthouse W is priced as though Penthouse E at $1.685mm one year ago was the anomalous price, rather than #4E 2.5 years ago at $1.61mm. We’ll see what The Market thinks…. [update 12.1.08: it closed June 12 at $2.025mm; they were right about The Market]

© Sandy Mattingly 2008