74 Fifth contract

I featured 74 Fifth Avenue #4Bin an open house review 7 weeks ago, which started a dialogue with LoftLover, who had gone to that open house and bid (unsuccessfully). As s/he said just last night, the “area and building [are] very good”, and many Manhattan loft buyers agree. That unit went into contract four weeks after coming to market in April.
Now the larger #10A is shown as in contract this morning, just three weeks after coming to market. #10A is said to be 2,400 sq ft and was offered through Richard Orenstein at Halstead for $2.995mm (and $2,237/mo) – rather a different price point than #4B (“1,900 sq ft” offered at $1.895mm). Huge difference in light in this high corner unit than the 4th floor unit (check out the kitchen pix).
This contract leaves #8A as the only unit available for sale in this 38 unit building. This unit has been offered for $2.85mm through the PruDE team of Steinberg, Senequier and Murphy since April 29. I can’t tell from the marketing if they mean t imply that it needs some work or if it only needs your personal decorating touch (“awaits your touch to transform it into a collector-quality residence of distinction”), but it will probably find its market price soon, with #4B and #10A recently in contract.
© Sandy Mattingly 2007
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