new to market at 12 W 17 St / 18 windows under $1,000/ft
I blogged about the 5th floor listing at 12 W 17 St three months ago (selling West 17th St / 3 very different lofts almost on top of each other) and again two months ago (counter-intuitive Sales 101 / head-scratching price change as 12 W 17 strays further north), which is still on the market (technically being offered for sale) at $2.8mm.
This week, the 9th floor at 12 W 17 Street is offered for sale at a more reasonable – perhaps sunnier — $2.35mm for a 2,400 sq ft full-floor unit with 3 exposures and 18 windows. Elizabeth Amaral at Brown Harris is not (yet?) bragging about the finishes in the web listing, and there were no photos or floor plan for this new listing, but check back on her listing later for visuals.
The maintenance of $1,400 computes as barely 58 cents per foot, and is only 38% deductible, suggesting this coop has a rather low underlying mortgage. The last sale in the building that I see was the 6th floor, which closed last September at $2.6mm off an asking price of $2.795mm (It went to contract within 4 weeks of being offered.)
Just a guess without pictures, but the lack of enthusiastic detail in the web listing suggest that the 4 BR + 2 bath layout may need updating – or more.
This showed up Monday as a new listing in our inter-firm service, but the Brown Harris site says it was new on Feb 27. (If she had an open house this weekend, I missed it.) Still too new for pictures and floor plan, regardless.
© Sandy Mattingly 2007
Tagged with: 12 W 17 Street
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