The converted church and rectory known as The Arches at 401 Hicks Street went on the market in early 2005, selling at between $500 and $600 a foot. Apartment B-1D, for example, which is 1,724 square feet and has a private 168-square-foot terrace, sold for $990,000 in February 2005. The apartment just came on the market again, though at the higher asking price of $1,350,000. Think a 35 percent increase over the last two and a half years is reasonable? We suspect so.
401 Hicks Street [Douglas Elliman] GMAP P*Shark