under $800/ft at 1200 Broadway (still too high?)

 
#7C at 1200Broadway (the Gilsey House) is new today, offering a lot ofspace (1,950 sq ft) for the money ($1.55mm and $2,007/mo) in acentral location. As PruDE’s Pam Huson says, this is definitely nota “cookie cutter” loft. It does, however, present some layoutchallenges.
 
This one is nearly square but haswindows only on one side (facing south) – and only four windows inall. The only full bath is a bit of a trek from either bedroom, asis the pass-through-the-‘nursery’ half-bath.
 
My guess is that this space will bemost attractive to someone who is willing to do some seriousupdating or some serious renovation. My guess is that the askingprice does not reflect the work (expense) that a buyer will putin.
 
#5G sold in September 2006 — after “a year long renovation”described as “stunning” — for $1.495mm. #6C (same foot print as #7C) sold in December 2005 for $998koff an asking price of $1.195mm.
 
Open House in #7C Sunday 1:30-3:30
 
#7B is still for sale here ($1.795mm and $2,079/mo for 2,000 sqft). This one is definitely more done than #7C next door,with another non-cookie-cutter layout.
Open House Sunday 2:15-3:30
 
Unless they have changed itrecently, this building has the (archaic? irritating?) securityfeature of a front door without a buzzer, so residents have totraipse all the way down the lobby to let the food delivery guyin.
 
© Sandy Mattingly 2007
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