Thursday, September 26, 2013

Penthouse life above 7A will cost you $16,995 monthly


[Aug. 21]

Since fall 2011, the building that houses 7A on the corner of East Seventh Street and Avenue A has been undergoing renovations... including converting some existing commercial/studio space to residential use and reconstructing the existing penthouses.

Workers started removing the construction gear from the building on Aug. 21.

And now, two of the penthouse units up there hit the rental market yesterday.

Brace.







Per the Corcoran listing:

Enter from your own private landing into this sunfilled corner loft with direct Empire State and Thompkins [sic] Square Park views from every room. This boutique Pre-War elevator building has been masterfully transformed into 1,850 square foot full-floor 3 bedroom 2.5 baths homes offering condo level finishes, 11 Floor-to-Ceiling windows, and exposed brick throughout. Open kitchen with Viking range, Bosch dishwasher, and poured concrete coutertops. Individual climate control in every room. Gracious 12' x 25' master suite with walk-in closet, marble baths with radiant floor heating, separate laundry room.

And here's a floor plan for you:



The two listed units are going for $16,995 and, for poorer people, $14,995.

The view you'll get for the $$$$....



Public records show that the University of the Streets sold the building to Park Corner Development, LLC in September 2011 for $5 million.

18 comments:

Anonymous said...

Plastic wood floors? Check. Privacy invading windows? Check! Standard Home Depot kitchen? Check.

Zzzzz

Anonymous said...

What a view they'll have the next time the Con Ed station explodes!

DrGecko said...

I wonder how securely they've patched the structural problems in the building. There have been a couple of near fall-downs over the years.

Anonymous said...

They'll be mighty pissed when the old theater is demolished and the new business and residential building is constructed across the street. Ha ha!

I guess all the showing agents are not mentioning that little tidbit.

John M said...

Say, Grieve...there's a duplex penthouse going up on 11 St. east of A. Don't know the number but there's a bar on the ground floor. Is that thing even legal? How do you check on that?

Thanks.

EV Grieve said...

@John M

Right... above the 11 St. Bar... I mentioned it in an earlier post... will check out the DOB...

Shawn G. Chittle said...

They should call these "Crusty Row Apartments" I wish LES Jewels was alive to moon them.

Goggla said...

Where's the slide??

Anonymous said...

Didn't notice any fire escapes at these levels either.
I always love it when people tell me how nice the people who bought the building are, and how much they love the neighborhood.
Well, you would too if you stood to make $64,000 a month in rents! They'll get a grandstand view of all the drug and homeless activity round the chess area of the park and all those quaint poor people lining up for food several nights a week, and maybe the nice developers will throw in a free Citi bike pass, since there is nowhere to park on the block either.

EVQP said...

There was a party on that roof last weekend, with crazy loud music heard from clear across the park (from 10th & B) - horrendous, and no doubt there will be more...

chris flash said...

The owner bought the building for a DOLLAR from the city way back before Avenue A became "hot." The owner's widow sold the upper floors but kept the lower floors for herself.

Those upper floors could have been kept as affordable spaces for the community, but she went and made a deal with the devil, for which she has expressed regret. Unfortunately, the dirty deed has been done.

Across the street, as we know thanks to EVG, the old Hollywood Theater will be razed to make way for MORE of the same hyper-inflated living space.

Good bye Avenue A....

nygrump said...

Chris Flash - my hero this week, you helped get Kilslug in Tompkins last week! They played a fine set, and I know I first saw them almost 30 years ago, in '85.

cf said...

this was in the basement?

http://www.ebay.com/itm/Depositors-at-failed-bank-L-W-Schwenk-7th-St-Ave-A-New-York-City-NYC-1914-/290963224530?pt=Art_Photo_Images&hash=item43bec277d2&nma=true&si=a3%252F7G3qO3c5Zk6zwRr6na6P4V8w%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

EV Grieve said...

@cf

Wow ... I've never seen that image before...

sam_the_man said...

Man, the lines for brunch at 7A in 1914 were AWFUL!

Anonymous said...

Wow- why do they get the building for a dollar to then convert to luxury housing? I guess they know the right people. They should be doing these $1 deals for low/ middle income people so they can have a chance to own a place but the rich need handouts too I guess.

Anonymous said...

Another stinky cheese of a deal?

Anonymous said...

The brokers are the same ones who sold the Flowerbox building and lied to the press about the advance penthouse sale price.