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Development Du Jour: Paper Factory Condos

Location: 52 West 22nd Street btwn Fifth/Sixth
Size: Six floors and five units
Prices: $1.395 million to $1.995 million
Architect: Arpad Baksa
Developer: Metro Builders
Sales & Marketing: Halstead
Lowdown: A charming little conversion on the cusp of Chelsea, this landmarked 1851 row house went on sale yesterday, according to CityRealty. We've been such victims of sticker shock in the area that we are practically stunned by what we figure are almost reasonable prices: the listings average just over $1,100/sqft. Although there's no concierge/wine buffer/dancing little people, so we're a little bummed by the $1,000+ monthlies. All apartments have outdoor space, Bosch and Viking appliances, private keyed elevator access and basement storage. The duplex penthouse is the real gem, with?count 'em!?two private decks. Not bad at all.

· The Paper Factory Condos [Official Site]
· Listings: Paper Factory [Halstead]
· Sales start at the Paper Factory Building at 52 West 22nd Street [CityRealty]