This unit at 186 E. Second St. caught our eye… a listing for an "East Village micro loft."
Here are the details via Douglas Elliman:
This affordable space has high ceilings, large windows, exposed brick, hardwood floors and a large kitchen in excellent condition. Everything you could want in a loft at a fraction of the price! Conveniently located in the heart of the East Village with amazing restaurants and nightlife at your doorstep. 186 is a boutique building that’s well managed and has an incredible sense of community.
Here are more photos and the floor plan …
… looks like the bed is tucked away under the floor of the raised living room…
So less than 400 square feet of living space here between Avenue A and Avenue B ... the price is $300,000. (Streeteasy estimated the monthly payment at $2,173 — that's with 20 percent down.)
Looks like a cool enough space, though is a single step really considered a loft?
...plus over $900 in common charges a month!
ReplyDeleteNot a loft. It's an open-plan studio apt.
ReplyDeleteI can put down d 20% d question s... does $2100 cover d maintenance ? Or s it extra???
ReplyDelete+ maintenance fee...ugh... more than $3k a month expenses... what about d electic, cable, cel, food.... i need to make more than $5k/month to survive...
DeleteQuite the use of fisheye lens!
ReplyDeleteI do think the rolling bed under the platform is a pretty dang clever use of small space.
Despite my natural inclination to hate on this...I can't. On the surface, it seems like a well-designed, well-appointed studio for a not-outrageous price.
ReplyDeleteNote: All statements above have been calibrated against the craziness that is NYC real estate.
That mortgage payment estimate seems high.
ReplyDeleteI pay $1700 a month for a $360k mortgage in a co-op.
I suspect streeteasy is rolling suburban taxes and insurance into that estimate, whereas most of that is included in the maintenance for a co-op
Also - as you start to look at NY real estate (renting or buying) you will notice some major photo tricks being played.
ReplyDeleteFisheye lenses are common as is photoshop stretching. My trick is to look at something you know the shape of (like a TV screen or refrigerator) and see how distorted that is. Some RE photos have TVs in them that appear to be 6 feet by 18"
I know, I know.....it's just that old dude spoutin' again......
ReplyDeleteHOWEVER, although you might have had to share a bathroom.....and the heat may have not been dependable nor sufficient....back in the 1960s, the rent for a place this size would have been well under....
ONE HUNDRED DOLLARS per month.
ALL UTILITIES INCLUDED!
I could put 20% of my size 10 boot up the ass of whoever buys it.
ReplyDeleteThis is a traditional railroad apartment renovated into a long open space, that's why it's being called a loft, I think -- it's a variant on a studio, somewhere in between studio and loft.
ReplyDeleteI actually like this kind of space, and lived in a railroad apartment for more than 20 years out of choice (starting in the 70s, when there were true options for living not very expensively). Viginia K
As recently as the late 1990s, an entire building containing apts like the one pictured here were selling for about the price of this one apartment.
ReplyDeleteRidiculous to pay this much for a compartment, but the suckers will come....
Hey Dr. BOP!
ReplyDeleteUsing the handy dandy Inflation CPI calculator at the BLS, even if the rent in 1969 was $100, that would mean that today the place ought to be going for $648.23 a month.
I think that monthly estimate includes the maintenance as a $240,000 mortgage should cost about $1200 or slightly more at current interest rates.
ReplyDelete