NY Times tells some of the story fit to print about 176 Broadway #15A
Sunday’s NY Times Residential Sales featured one of my favorite buildings for price-conscious loft buyers, 176 Broadway. The sale of this 1,600 sq ft coop loft was reported at $1.075mm, 8 weeks after being listed at $1.099mm.
That data is right, so far as it goes (remember that the NY Times reports time to sale as the period from last sale price to contract). This was offered for sale at $1.099mm in early October and had a signed contract in early December. See the full listing detail for #15A still available on Eychner’s website.
long and winding road (errr … bumpy price road)
But the full listing history is rather more developed than this. The unit was offered for sale in 2005 with Halstead, without selling. After being off the market for a month, it was offered for sale through Corcoran from September 2005 until August 2006 at prices ranging from $1.45mm to $1.195mm. It was off the market most of August and all o September 2006, before Eychner brought it out again at $1.099mm, which attracted the buyer at $1.075mm.
a One Bed Wonder!
The unit qualifies as a One Bed Wonder (what is a One Bed Wonder?), as it is currently configured as an interior master bedroom and an office / library space, also without windows. The generously sized living room / dining area (36×22) has large windows looking both north and west.
One thing that intrigues me about marketing west-facing lofts in this building is that they often are coy about the views. In between the “open views of the … Hudson River” and this building is the WorldTradeCenter site. Like it or not, you can’t miss it, only one block west.
This proximity to a long-term construction site may account for part of the market discount that is typical for this building (#15A comes out at $687/ft.) (#4D is offred for sale at $611/ft, and was featured in open houses under $1,000/ft last week.) And this part of Broadway is a curious mix of well-traveled and desolate. But what views there are, and will be!
spy, movie star or … real estate agent?
I hope no one is offended by this comment (least of all the agent), but I had to smile the first time I saw the name of the Eychner agent who succeeded in selling #15A, Zeke Streepy. I am not sure if that is the perfect name for a real estate agent but it is definitely the perfect name for something cool.
© Sandy Mattingly 2007
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