another Broadway odyssey / 710 Broadway (finally) closes
toddler no more
When I hit the Manhattan loft on the 2d floor at 710 Broadway in January, it was in its toddler stage, having passed its listing-birthday in December (Jan 9, 710 Broadway is slimmer after holiday break). Property Shark (but not StreetEasy) reveals the information that a deed was filed transferring this loft on June 5, for $2mm.
As I said in January about it’s history
Thus, the sellers were rather negotiable off of the $2.295mm asking price, with a deal struck at $2mm even (how low did the bidding start??). If the quoted size is accurate, that is $816/ft.
I noted in January that the layout was both quirky and challenging:
There are no pictures of the kitchen or baths (and no bragging unless you count “jacuzzi”), which is consistent with my recollection that these elements are pretty dated.
"Quirky" may limit the market of potential buyers (fewer people appreciate your quirks), but "challenging" definitely limits the market. The result (at this location) is a clearing price wll below average for a Manhattan loft.
long, but not that long
This is the second recently completed odyssey on this block. 714 Broadway #4 took more than two years, as I noted in an April 30 post, O – d – y – s – s – e – y ends at 714 Broadway with 4th floor closing. (Irritating fact out of the Manhattan Real Estate Industrial Complex is that that coop sale — for which a deed was filed almost 3 months ago — does not yet have a publicly available sales price that I can find.)
© Sandy Mattingly 2008