Sale at 1 Worth Street #5R

One of the worst locations in prime tribeca. Tons of traffic including buses go down that street.

5th floor walk should be $5-600 per sq ft and rent at no more than $3 a sq ft. No one with children would want that. May be two nice gay guys, share apartment for 20 something. I would only do a cheap reno for a fifth floor walk-up.

What about this unit 6R in the same building? At $1.7MM it's priced at $1200 / foot but it is on the 6th floor, which is even higher than 5R!

Love the space but 6 floors seems untenable. Also the price does seem outrageous although it does have outdoor space.

http://streeteasy.com/nyc/sale/674953-coop-1-worth-tribeca-new-york

"One of the worst locations in prime tribeca."

If it's one of the worst locations, then by definition it's not "prime".

6R, wow. I almost bid on that one when it was for sale last year, but was concerned about resale.

Shame that everything was painted white -- very much an issue of personal taste but neutralizes too much of the character for me. Curious to see what they did with the roof space though.

At <$1.1MM it was interesting, but at $1.7MM, give me an elevator.

who are they kidding 20% increase. what a joke? good luck

Looks like they put some money into this renovation in 6R. Wondering if they would go for a low ball. I mean, who with $1.7MM wants a 6 floor walk up? I just can't see it happening, so I'm interested here if the price does go lower.

Hey flarf, do you recall anything about the walk-up itself? Wondering how steep the stairs are, and any other details thanks.

Tom/Flarf, Help me understand why you have no problem walking 4/5 flights every day. No children I assume? No guests? No errands? I always thought of these as share apartments.

I definitely do have a problem with the walk up and obviously I haven't even seen it in person.

But I'm shut out of the market at these prices so have to make big concessions if I want to get a certain amount of space - so willing to look at unusual properties to get a larger space. Plus I love Tribeca and I couldn't afford a space like this otherwise - renovated, 2br, outdoor space, room to breathe.

Figure at $1200 psf this place is way overpriced so will keep an eye on it going forward. Wife is essentially a pro athlete so she is not scared of stairs (I am though). I could not afford $1.7MM anyway so it is pointless - I can't even afford a 6 story walkup.

Sure my sherpa wife can make the trip but who would buy it when you are ready to move. That's an even bigger fear than the stairs.

300_mercer: I live in a 5th floor walkup now and it doesnt bother me at all. I guess I just think of it as a little more exercise. Everything I need is delivered anyway...and my guests don't seem to really be bothered by a few flights of stairs. No kids for me.

(to add)- the value I get is substantial to me. I have two bedrooms and a private roof terrace in the village. That, in an elevator building, would be 3m+, vs under 2m all in here.

Thanks brokered and Tomnevers. NYC real estate is always about compromises as long as the discount is enough to justify the compromise.