Despite news that Manhattan apartment prices keep going up, Curbed has noted some recent price reductions on apartments around 14th Street in the $650,000-$1.4 million range. Are overconfident sellers finally getting some comeuppance? Curbed's real estate spy investigates.
59 Fourth Avenue, Apt 6A
Apt: 2 bed/2bath + office area, approx 1800 sq ft., 12.5 ceilings, 7.5 ft windows, w/d, fully renovated kitchen & W/D in master bath
Building: 1980 co-op, elevator/no doorman, newly renovated rooftop garden, pets allowed, two apartments per floor
Price History: Listed at $1.425m in March with Corcoran brokers Nina Phillips and Katie Brown ($1,143 maintenance, 59% tax-deductible). Price reduction to $1.395m by early April, disappeared from the website fairly soon after. Returned to Corcoran's "new listings" on July 1 with a second price reduction to $1.295m and a new broker, Glenn Schiller. Viewings began last week. (Also newly listed as a $9,200/month rental.)
Curbed Says: Why the sudden reappearance?did the spring buyers flunk the co-op board? Anyway, love the apartment?great use of space, though odd shape of second bedroom is more appropriate for nursery than guest room and we don't need a nursery?yet.
270 West 17th Street, Apt 3B
Apt: Convertible 2bed/2bath, 847 sq ft., CAC, D/W, W/D not permitted, decent kitchen, two walk in closets, not triple-mint rennovated, but decent move-in condition. North exposure, overlooks private terrace, set back from 17th Street.
Building: Chelsea Grand, great condo, doorman/elevator, pets allowed, clean, well-lit common laundry facilities, also large common outdoor terrace on 2nd floor.
Price History: Listed at $889,000 with Bellmarc broker Cris Herrera in June. Appeared in NYTimes this past weekend at $839,000.
Curbed Says: Love the building, hate the popcorn ceilings. Listing violates do-not-lie rule: one bedroom apartment listed as two.
44 East 12th Street, Apt 9
Apt: 1 bedroom, 1.5 bath (w/d permitted), CAC, views of Empire State, odd layout offers extra space for dining area/office, large WIC
Building: Condo, doorman/elelvator, common roofdeck (needs major renovation), lobby and hallways currently under renovation
Price History: Originally listed at $850,000 with Rachel Wood of Sotheby's. Recently reduced to $799,000.
Curbed Says: Good central location. Kitchen and baths need major upgrades. Decent light for a north-facing apartment. Angled eastern wall restricts optimum use of square footage.
61 Jane Street, Apt 2G
Apt: 1 bed/1bath, rennovated kitchen (country style)
Building: Co-op, doorman/elevator, 20 floors, 270 units, newly renovated common roof deck
Price History: Originally listed at $669,000 with Victor Cino of Halstead. Price lowered at last Sunday's open house to $659,000.
Curbed Says: Fancy kitchen only highlights work that needs to be done to the rest of the apartment (walls, trim, ceilings). Like pairing a Fendi handbag with Payless shoes.