Flatiron loft penthouse with stunning roof terrace asks $8.5M

A renovated penthouse loft with a large—and gorgeous—private roof terrace, has just listed for $8.5 million. The property sits in the neighborhood’s historic “Ladies’ Mile.”

Why is it called “Ladies’ Mile”? According to the Landmarks Preservation Commission (LPC) historic designation report, it’s because the area was “lined by fashionable shops and stores” in the last third of the 19th century.

The airy 3,300-square-foot coop has five bedrooms, three and a half bathrooms, a key-locked elevator, 11-foot-high tin ceilings, a wood-burning fireplace, and a 2,200-square-foot roof terrace, which has a landscaped garden with built-in lighting and irrigation, the listing says. Though it was recently renovated, the property kept some original prewar details including its hardwood floors.

According to the LPC report, the commercial palace-style structure was originally owned by store John Duncan’s Sons, and built by architect Griffith Thomas in 1878. It represents “the cast-iron commercial building type developed in the second half of the 19th century of which there are several examples in the district,” the report reads.

The property is located at 22 East 18th Street, between Fifth Avenue and Broadway, close to Union Square Park. Maintenance charges will be $5,037/month, and Ellen Rick of Douglas Elliman has the listing.