heady pricing at The Lion
Sunday’s NY Times “On The Market” feature included Unit 10G at The Lion’s Head, 121 West 19 St. offered by Fredrik Eklund at Core Group for $2.4mm:
PROS: This spacious loft in a doorman building has open city views, tons of closet space and expensive finishes throughout.
CONS: Configuring furniture in the smallest bedroom could be a challenge; it’s a bit on the narrow side
I saw this apartment a couple of weeks ago; “open city views” is rather an understatement. The unit looks north at the Empire State Building, with as dramatic mid-island tenth floor north views as you are likely to get. (Eklund claims #10G is “the first 3 BR clearing everything” in the building. Great views!
loft windows, loft height, but not so loft-y
This 3 BR line feels to me a bit small for a Manhattan loft (said to be 1,920 sq ft). I find the layout to be more "conventional apartment" than “loft”, with the run of 3 BRs along the north wall and a combined foyer/dining area/living room being not especially spacious.
But Lion’s Head buyers are likely to be more about the finishes and (at this height) the views than about being in a “loft”.
There are two other 3 BR layouts for sale at the Lion’s Head $200k and at least 7 floors lower, #2C and #3A.
recent comps suggest a quick sale
#10G has been on the market for five weeks. Given that Unit 7G just signed a contract this week off an asking price of $2.375mm (on the market since May), #10G should not last long. #9B (2,000 sq ft with a 2 BR + office layout) also signed a contract this week, after being marketed at $2.35mm since June. (Both #7G and #9B were offered by Benjamin James, but I could not find the listings on their site, in a quick search.)
Buyers seem willing to pay a premium for height, light and views at the Lion’s Head.
© Sandy Mattingly 2006
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