Tuesday, April 14, 2009

55 Liberty Street #PH - $899,000 - 1500 sq ft



As this discussion thread on Streeteasy so adequately demonstrates, high maintenance is the word at this beautiful but oh so inaccessible FiDi penthouse. Although the asking price per square foot is quite reasonable, $3314 in monthly maintenance (huh?) on 1500 sq ft is enough to make anyone balk, particularly given that the co-op building housing this apartment is kind of old and not the amenity-filled wonderland that you would expect for $2+ per sq foot of maintenance.

The other big minus is that despite being on the 32nd floor of an elevator building, this PH is actually a walk-up, requiring occupants to take the elevator to the 30th floor and then walk up 2 flights of stairs.

On the plus side, the apartment is quite cool although we are not fans of the attic-like sloped windows that basically obscure the phenomenal view of the old-school eagle statues and plain old gargoyles that sit on top of the roof of this building. The kitchen here is very pretty, has a small window (which we are suckers for) and has a wine fridge. The living room is huge and the bathrooms are both in fantastic (renovated) condition. Plus, we kind of like the vibe from the down-to-earth seller on the Streeteasy thread.

Although we saw this apartment during the day, one of the things that struck us as we entered this building is that our favorite FiDi bar, the venerable Pound and Pence is located right on the second floor (same entrance as the residents). Is this a plus (drinks in your jammies on rainy days)? A minus (rowdy after-work smokers outside of your building's entrance)? We can't decide....

2 comments:

Downtowny said...

Yes...it's a really great apartment but I'm not sure what the price would have to be to justify such a high maintenance. Basically, you're flushing $36k a year down the toilet here instead of it say, going to equity.

Dave said...

That maintenance fee is twice my mortgage...

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