111 Hicks’ Raw But Oh-So-Awesome New Penthouse


Talk about “Wow” factor! The co-op board at 111 Hicks Street, which, The New York Times implies, has been under some financial pressure of late, has decided to unlock some of the building’s hidden value by clearing out the former water tower storage space on the 30th floor and getting approval from the to convert it into an apartment. The 66-by-53-foot space, which has 360-degree views of Manhattan and Brooklyn, is now on the market with Sotheby’s for $2,495,000 (though we couldn’t find the listing). Somebody is going to have to want a challenge to create something here, said Kevin Brown of Sotheby’s. But they will only be limited by their imagination and pocketbook. Jealous! Update: We found the listing and added another photo on the jump. Update II: Gothamist has some new exclusive pics from inside the space here.
Where the Water Tanks Were [NY Times]
Struggling Co-op Turns Utilities Floor Into Penthouse [Curbed]


What's Happening