And now, the results of this week's PriceSpotter asking price guessing game!
Location: 354 Broadway #PH
We asked our PriceSpotters to guess what the seller is thinking about this nicely finished 2,500sqft roof deck, which, we should point out, comes attached to a penthouse loft somewhere down in Tribecaish. What sort of premium is put on fab outdoor space? Well, in a PriceSpotter rarity, the first person to chime in was spot on, and the big winner, MattUWS, offered this explanation: "2800 sq.ft inside and 2500 sq.ft outside. For pricing purposes, you can only value a max of 50% of the inside footage from the outside footage. So 2810 sq.ft inside + 1405 sq ft outside, the outside being discounted at 50%.... It gives us a total of valuable sq.ft: 3512 sq ft. If we consider amenities and location, $1000 to $1100 a sq ft gives us a value of $3.5M to $3.86M. So I'll say $3.75M listed, but sold for $3.5M." Got all that? Good. There will be a quiz.
· Listing: D'Arte House Condominium Penthouse [Sotheby's]
· Private Rooftop is the Star of This Broadway Show [Curbed]