Friday, May 21, 2010

Fifth Street and Avenue D for $918 a square foot

The other day we featured a countryish home on East Fifth Street... if that was a little too "Green Acres" for you, then consider this new listing on the market further to the east... all the way to Avenue D....

According to Corcoran:

The East Village with soaring 18 foot ceilings and monthly carrying cost below $600 (including real estate taxes). This two bedroom features four oversized southern facing windows with unobstructed open views to allow maximum sunlight all day long. The apartment features stainless steel appliances, including a Viking range there is also a dishwasher and washer dryer.

There are hardwood floors throughout the loft that compliment the marble counter tops and marble baths. The traditional stairs, including cast iron railings help to add unique features to this open layout. The addition of plenty of closest means storage is not a problem. All of these wonderful details are just three short flights up.

The building features a 421-a tax abatement. In addition to the tax abatement, there is a common roof deck only one flight up from this apartment. The building also features bike storage and close proximity to transportation. Get all the pluses of new construction without the additional closing costs.

(Um, that listing came written this way.)

So! Let's see what they mean by all that...







And it's $725,000 for 790 square feet ... for those of you into this kind of thing, that's $918 per square foot... which seems like a lot for a space adjacent to a 3.84 acre city housing project.
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6 comments:

  1. MelanieMay 21, 2010 at 8:53 AM

    I sorta like this one--I guess it's the views--the oriental is out of place by the kitchen.

    ReplyDelete
  2. ShawnMay 21, 2010 at 9:07 AM

    That second to last photo of the big window overlooking Lillian Wald Houses made me spit up my Snapple. LMFAO!

    ReplyDelete
  3. shmnycMay 21, 2010 at 12:01 PM

    So the price has dropped. I heard they were asking $1,000,000 when it was first built, about five years ago. (That's my building out the bedroom window.)

    ReplyDelete
  4. AnonymousMay 21, 2010 at 3:13 PM

    Not my style. However, what is your point regarding the proximity to public housing? The Lilian Wald Houses contain dangerous people who are a threat to property value?

    ReplyDelete
  5. AnonymousMay 22, 2010 at 12:45 AM

    Anonymous, you just answered your own question.

    ReplyDelete
  6. AnonymousMay 24, 2010 at 10:55 AM

    Great. Just wanted to establish that the price was not inflated due to given the architecture, design, or square feet, but the poor brown people outside.

    ReplyDelete

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