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
Personally, I’d rather have larger living room, dining room, and kitchen than bedrooms.
The square footage keeps being quoted… But these aren’t 1,700 *livable* square feet. This place has gallery/museum proportions. It’s 1,700 open square feet. It’s a 600 sq ft living room!
Don’t get me wrong, I think the openness could be really nice. But the $700/sq ft should be discounted, no?
But then again — I have no concept whatsoever about a single person or a couple spending $1.2 million plus $1200/mo on an apartment. I guess this is normal.
Not the desire, tybur, but for an apartment with that much square footage, those are the prices I’m seeing. I would’ve expected prices to fall more than they have, and I still expect them to fall further but not drastically. Maybe the $8,000 tax credit is boosting prices, or maybe every seller thinks someone from Goldman Sachs is going to use their bonus this year to buy their apartment. Who knows? But $1.2 million doesn’t shock me for a nearly 1,800 square foot apartment, with nice finishes.
Everyone… I am slowly coming to grips with the fact that apparently there are lots and lots of people that seem to have both the *ability* and the *desire* to pay $1.2 million + $1200/mo for an apartment suitable for a single person or a couple without children.
And I am coming to grips with the fact that I have ABSOLUTELY NO ABILITY to understand why this is the case…
So, keep buying your reasonably priced $1.2 million apartments and I’ll hope and pray my salary (considered almost princely most other places) will keep up with my housing costs and/or pray I become far more tolerant of commuting for hours and hours per day… something I currently can avoid.
I’m imagining some great times were had in the ‘black’ bedroom under that big chandelier.
Nicely laid out apartment.
tybur, thanks! Almost exactly as I remembered it. I had forgotten Billy’s neon hair though.
This apartment is almost 1,800 square feet. That is much bigger than your typical one(and a half) -bedroom unit. You have to make sure you are comparing apples to apples. Can it get $700 a foot? No, likely not. but can it get the low $600’s per foot? A quality building like this, sure.
@tybur6 – it’s a 1,700 square foot one bedroom, which works out to less than $700 a foot. If that’s not enough bedrooms for you, get some studs and drywall and add more.
This one was in Curbed Open House Sunday Sales feature. It’s at The Gretsch. Didn’t have a chance to stop by yesterday, but what do you think? I’ve heard good things about that building…
http://www.60Broadway.com