We remember last year when some people started advocating cubic feet as a better metric than square feet when talking valuation. This makes some sense, given that a 1,000-square-foot apartment with 14-foot ceilings is, all else being equal, worth a heck of a lot more than the same apartment with 8-foot ceilings. Which is probably the logic behind the pricing of today’s Condo of the Day, a 1,473-square-foot ground-floor loft with 26-foot ceilings one either the third and fourth or fifth and sixth floors. The price? A cool $1,250,000. We’d be curious to know what these units originally sold for, not that it really matters. What does matter is how much of the stated square footed is mezzanine space. It looks like about a third. In the end, the deal might hinge on whether you could convince the boys at Marlow & Sons to deliver oysters on a regular basis.
60 Broadway Condo [Prudential Douglas Elliman] GMAP