555 Hudson Street

555 Hudson Street closed on 10/6 for $3,325,000. The Grey Lady Approach: on the market for 147 days, closed at $3,325,000 or 5% below ask, $1,550/sf. The Discounted Cash Flow Jockey Approach: $2,400/sf for the retail, $1,000/sf for the residential duplex, $125/sf and a hope certificate for the air rights. The Downtown Design Star Approach: $1 for a 2,144 sf building, $3,324,000 for living in a dwelling name checked (or at least described repeatedly and in depth) in “The Death and Life of Great American Cities,” having Jane Jacobs in the chain of title - priceless.