Absurdly expensive studios are distracting, but tear your eyes away from the white walls and chandeliers in this renovated West Village studio to focus on the facts. In April of 2014, one Charles Nicola paid $420,000 for a petite apartment on West 12th Street. One flight up, it had exposed brick and a decorative fireplace. Fast forward one yearand one major overhauland this white-washed studio hits the market, asking a whopping $989,000. (It would be a lot per square foot if the listing gave the square footage.) In any case, the extreme makeover resulted in what the brokerbabble calls a "Immaculate Village Jewel Box," with white oak floors, a big kitchen island, marble everywhere, and an antique bathroom door that dates back to the Ming Dynasty. Oddly enough, there's not a bed to be found, not even of the Murphy variety. But the place does have a dressing room/walk-in closet and a "three-foot Maria Theresa crystal chandelier," which probably cost a few thousand. Really, who needs sleep when those crystals shine so bright?
This is the apartment after:
This is the apartment before:
What a difference a year makes. But does all that work merit more than doubling the price paid for the apartment with the new aska 135 percent markup?
· Listing: 354 W 12th Street #2B [Compass via StreetEasy]
· Listing from 2014: 354 West 12th Street #2B [StreetEasy]
· Here Now, the 10 Most Absurdly Expensive Studios in NYC [Curbed]
· The 11 Most Expensive Studios in NYC Are Here to Upset You [Curbed]