clock menu more-arrow no yes mobile

Filed under:

Dorms for Grownups; Blockbusters Beget Blockbusters

New, 2 comments

1) This week's hunter, who owns her own jewelry company, lives in a $500,000 studio in Greenwich Village and wants a $300,000 pied-a-terre in the West Village. Sure, that makes sense. Sometimes you're in the West Village late at night and you start asking yourself, do I really have to walk all the way back to Greenwich Village? There must be a better way. So she starts looking at places, claiming that she'll "probably" end up selling the original studio "much later." She makes offers on a couple apartments, but backs out when she decides they're too small. She eventually loosens her neighborhood requirements to within five minutes of the West Village, and finds a place...across the street from her original place. (Sometimes you're across the street late at night and you start asking yourself...) The new place is unrenovated, which is fine because she "[likes] the idea of having an interior to spruce up." She buys it and puts in zebra-print wallpaper. There. [The Hunt/'A Place for Sooner or Later']

2) Since micro-dwellings are now something that we are just always talking about, a short quiz: Is the average size of rental units in New York City getting a) larger or b) smaller. If you answered B, congratulations, you did a good job of reading the sentence before this one. The average size of studios in new rental buildings is getting ever closer to 400 square feet, which, un-coincidentally, is the smallest they're legally allowed to be (at least until micro-dwellings become the norm.) And guess what. People are totally fine with that. 34 Berry Street, a newish luxury rental building in Williamsburg, is 50% studios, but features a large lounge with multiple TVs, a billiards table, and a Wii. So, basically, it's a college dorm for grown-ups. If you enjoy living in a college dorm, great, but remember: it's all fun and games until somebody puts a fire extinguisher in the microwave. [In a Hot Climate, Rentals Shrink]

3) With the recent rash of blockbuster apartment sales, brokers are thinking that now might be the time to list places for insanely exorbitant amounts and see if anyone bites. But how do they decide what the actual listing price should be? Well, they just make it up. It's an art, you see, not a science, so they use what real estate appraiser/Curbed contributor Jonathan Miller refers to as "P.F.A." or "Pulled From Air." Looking at it another way, everybody was joking about how the penthouse at 15 Central Park West was listed for $88 million (way more than anyone would ever pay for an apartment) and then that Russian fertilizer magnate went and bought it, so now that's just how much things cost. Thanks a lot, Russian fertilizer magnate. [Shooting for the Moon]