price drop at 104 Charlton / crummy open house?
Friday’s post three Sunday loft open houses $2.3 – $2.5 (each with history) featured an open house at 104 Charlton #4E (then asking $2.5mm and $1,879/mo). This morning’s email brings notice from Corcoran of a price drop to $2.35mm — so they were probably underwhelmed at the response to Sunday’s open house.
I said on Friday about this unit and building:
3 BR + office condo that is coy about its size (2,300 sq ft??), in the way west and north (desolate?) part of SoHo; building has low ceilings for a loft and this unit has only 9 windows in it Long-and-Narrow array (are those bars on the inside of the 4th floor windows??); on the market a month
Prices in the “E” line have varied quite a bit. #6E traded at $2.495mm in September (said to have been a “stunning” renovation), while #3E traded at $1.662mm in August (and took almost a year to sell, having started at $2.4mm in September 2005)
The new price looks to bring it closer to $1,000/ft but a drop from $2.5mm to $2.35mm is not likely to change the pool of prospective buyers (though it does make a bid of $2.1mm more likely — off the new asking price). They are not bragging about much – just the storage, original maple floors, two-zoned central air. Not bragging about the kitchen, baths, or finishes (hmmmm).
The layouts in this building are difficult. This line is about 20 feet wide (narrower still where the elevator, common hallway and stairwell are), with only three narrow windows in the front (the living room end) and two in the rear, with four more on the rear side wall. (The building just to the east is four stories and extends 65 feet into the block.) None of the three bedrooms is large; neither of the bathrooms is en suite.
With neither high ceilings nor big windows, this space will not feel as “spacious” as many loft buyers will want.
(are those bars on the inside of the 4th floor windows??)
© Sandy Mattingly 2007
Leave a Reply
You must be logged in to post a comment.
Top
Follow Us!