372 Fifth little loft / NY Times On The Market
so small but so tall
Sunday’s On The Market feature in the Sunday real estate section of the NY Times included a Manhattan loft that is only “744 sq ft”, #3P at 372 Fifth Avenue. This former mercantile space (Best & Co., at one point) was converted to lofts about 25 years ago, many of which are rather small. But there are high ceilings, original structural elements (terra cotta vaulted ceilings, steel column), and an open layout.
Offered through Mara Flash Blum of Sotheby’s for $729k since early July (maintenance is $787/mo), #3P is one of those unusual small-but-true lofts.
The Pros vs. Cons analysis in the Times seems pretty fair:
PROS: This apartment in the former Best & Company department store has eye-catching details like vaulted terra cotta ceilings and a restored original steel column. The kitchen and bath were recently renovated with sleek finishes, including slate tile and black granite counters.
CONS: The apartment has only one window and has no view.
This building has a peculiar distribution of maintenance obligations, to say the least. #3P is $787/mo for what is said to be “744 sq ft”, while #10H is said to be “800 sq ft” (with a “300 sq ft” terrace) and is offered by Corcoran for $649k (with an offer accepted), with the notation that the asking price reflects the maintenance of $2,511/mo.
© Sandy Mattingly 2007