Monday, October 18, 2010

All you need is cash on East Sixth Street

At $269,000, this two-room studio on East Sixth Street is one of the least-expensive homes on the market. (And the seller reduced the price by 10 percent last week...)

Here's the listing ... do those last three words give you pause?

East Village charmer! This lovely two-room studio has been recently renovated and boasts a modern kitchenette with a Gaggenau range, and cheerful custom bath with yellow and white penny tile. Classic prewar details include original pressed-tin ceilings, exposed brick and exposed beams. The layout of this studio is very functional, with sliding doors separating the sleeping quaters from the front of the apartment. Great light and open city views make this well-worth the walk up to the fifth floor! CASH BUYERS ONLY


Unknown said...

"Cash buyers only" isn't as shady as it sounds. If the building has too many rental tenants (as opposed to owner tenants) or too many units owned by a single owner, among other reasons, banks will not give mortgages for apartments in that building. The fear is that if the one large owner goes belly-up, the whole building has a problem. If you happen to be one of few owner-tenants, you can only sell to cash buyers.

glamma said...

i think the pause came for the bit about 5th floor walkup no?...

Anonymous said...

"5th floor walkup"
I would cut off my legs and drag myself up the stairs to be able to live on a TOP floor like this with no running, stomping, thumping, a-holes upstairs.
(sorry, I have really loud neighbors living above me)