Condo of the Day: 85 North 3rd Street, #207
The Mill Building at 85 North 3rd Street has long been a favorite of ours. The conversion hit the market in better times and was popular with buyers. One such buyer is now moving on though and putting his second floor loft on the market. The 1,750-square-foot pad, which originally went for $872,000, is asking…
The Mill Building at 85 North 3rd Street has long been a favorite of ours. The conversion hit the market in better times and was popular with buyers. One such buyer is now moving on though and putting his second floor loft on the market. The 1,750-square-foot pad, which originally went for $872,000, is asking $1,200,000, and before everyone jumps to the conclusion that that’s too big a mark-up, consider that, despite the plethora of new construction condos clogging the market, there’s actually a paucity of nice conversion properties available. Witness the overwhelming demand for Mason Fiske recently. At under $700 a foot, this place is priced competitively with the Mason Fiske apartments.
85 North 3rd Street, #207 [Corcoran] GMAP P*Shark
Good answer, owner. Thank you. Funny, Heather.
thanks for the info on that yupster.
thanks for the info on that
I like your apartment, but wouldn’t it be nicer to stick the guests, at least the ones you like, in the home office rather than the laundry room?
Hi there, my husband and I own this apartment. I’m a fashion designer if that explains the decorating at all and yes my husband has perhaps been emasculated by the decor (he wants me to say he’s an open minded creative genius – let the people decide) It is a significant mark up but we got a great deal at the time and the apartment is huge and gorgeous, we put a lot of effort into it and love it. The listing does not do it justice, you could easily fit a family in the apartment, the home office is huge and we actually have a bed in the laundry room for guests. And the big image in the living room is not a Warhol knock off thank you very much, it is a carpet reproduction of a Richard Phillips painting, perhaps no less tacky but wanted to set the record straight.
salvo007-That unit was an unrenovated one that was an artist occupied unit. So it had none of the upgrades. Bathroom, kitchen, etc.
There was another sale in the building #410 for $1.250 million. That was a new unit.
Re: Esquire, they have no doorman and no garage. The Mill has both.
tybur — I do not think they are disconnected. Rents are higher in NY, probably proportionately to purchase prices. But renting is less expensive (not considering any build up of equity) than owning. I am saying that you ARE living here; I am living here, probably on a similar income from what you’ve implied here and there.
Yes, we do have a philosophical difference: I do not see these high prices as “way too much money.” I see them as a reflection of demand. I generally believe a house or anything else is worth what someone pays for it.
I don’t like how much that has increased the price of real estate in NY; it’s extremely frustrating. But I do not see it as a moral wrong that should be corrected. I feel that that kind of enforced “fairness” is more harmful than what we have now.
This is a nearly 40% markup from the 2007 sale price. Someone simply stating there’s a “paucity of nice conversion available” is not enough to justify that kind of increase, especially in today’s market.
Property Shark shows the unit above this, #307, sold recently for $885k!
and sorry, that would be “mediocre crap HOLE”