84-Front-Street-0510.jpg
This 952-square-foot two-bedroom at 84 Front Street in Dumbo just hit the market this past weekend. It’s quite a nice apartment but the asking price of $1,050,000 seems rather pricey, even when you throw in the 750-square-foot private terrace. Apartments in this building tend to sell for somewhere in the range of $850 a foot. Think the terrace justifies such a steep premium?
84 Front Street, #9D [Halstead] GMAP P*Shark



What's Your Take? Leave a Comment

Leave a Reply

  1. What if you wanted to play a game of cards with 4 people, you would need a regular normal table and 4 chairs, not an island where everyone would sit in a row, they would see your cards then???????

  2. I just do NOT understand the design ideas behind these places with tiny living rooms where the “kitchen” is in the middle of that tiny living room. Half the kitchen, anyway. Those kaplunk islands in the middle of living rooms, wth???

    And, yeah, where do you eat during the 70% of the time when you can’t be on your ginormous terrace?

    Minus the terrace, this is just a ridiculously cramped unhappy apartment that one would only rent in desperation.

  3. You’d have to knock out the wall of the smaller bedroom to make this any kind of space to really live in, and then it’d be a still unluxurious one-bedroom with a bizarrely large terrace.

    Blegh.

  4. Get rid of the second bedroom thus making a larger living area, kill the second bath and create a true laundry room (with a half bath in there if you must), lower the price and then we may be able to talk. Until then….

    NEXT————>

  5. The living/dining area is too small, but I bet that terrace is pretty damn impressive in person! Now that the weather is nice, this should sell quickly, and they’ll probably get a price in the low 900s.

  6. By Farkus on May 5, 2010 1:54 PM

    Jonathan Miller had an article on this today. “Terra Logic”. http://matrix.millersamuel.com/?p=8015

    The Miller is awesome. Anybody in NYC who reads Case-Shiller and doesn’t study Miller-Samuelson is missing the boat. Local and locale, always.

    Few weeks back (I wanna say Friday before last, so around April 23) he posted an analysis of two buildings in DUMBO, “wow” view vs. “not-so-much” view. Great cogent micronable analysis of a well-defined market with one true difference maker (e.g., how much is that wow view worth).

    His pod casts are a can’t miss item as well. Nobody understands the current marker better.

  7. You eat at the kitchen island. This place is great for that Cravath associate who thinks a 2-bedroom is a better investment but doesn’t actually need the space, and who throws a party once a year.

1 2