Showing newest posts with label 176 Broadway. Show older posts
Showing newest posts with label 176 Broadway. Show older posts

Tuesday, April 7, 2009

176 Broadway #8E UPDATE


When last we left off with this strangely underpriced listing in FiDi, we were curious why anyone would be interested in this apartment, which as we noted is effectively a studio.

So it was much to our surprise when we received a forwarded Sotheby's email today from a potential buyer indicating that this apartment has received not one but three whole offers in the last 24 hours that are "solid". Of course Sotheby's is requesting any "best and final offers" in these last minutes of negotiation.

We can't wait to see where this apartment will land price-wise. If you put an offer in on this puppy, tell us what you plan to do with the layout!

Sunday, April 5, 2009

176 Broadway #8E - $699,000 - 1225 sq ft


Much confusion abounds regarding this odd 2BR, 2BA listing in FiDi that seems seriously underpriced at only $570 per sq ft. What is this, 2001?

Well it turns out that this listing has many layers of excitement, starting with the fact that originally, #8E was being offered along with the neighboring unit, which is connected by a locked door. When the owner of #8E (and the neighboring unit) decided only to sell #8E, the price of the apartment dropped dramatically. Unfortunately, good old Sotheby's decided to drag their feet on updating the other pieces of the listing and forgot to mention that this apartment (instead of being a 2BR, 2BA) is actually a 1BA studio.

In case you are confused about this, Sotheby's actually offered us an imaginary ideal floorplan of the apartment indicating what it "could look like" were it to actually be the apartment that we thought we were going to see.

After getting over the intial shock and the Sotheby's shenanigans, we proceeded to view this studio, which is well-maintained but is really just an enormous living room and a mirrored dining area. The kitchen is updated but the apartment has a very 1940s sort of feel to it, with gilded/mirrored everything. Even the sub-zero had some kind of surface that we're pretty sure parties like it's 1945 when no one is looking.

When we asked about a W/D in the unit, we had the following conversation with Sotheby's:

Downtowny: Is there a W/D in the unit?
Crazy Sotheby's broker: No, but there's a dryer on this floor...but no washer.
Downtowny: (biting tongue) So...are there floors that have washers but no dryers?
Crazy Sotheby's broker: Yes.