Sale at 115 Christopher Street #7FL

Ah, yes, this place. Forgot all about it. Still a cool million, minimum, overpriced and that's after a recent $300k price drop. They would be very lucky to part with the place at $2.85mm. I have trouble understanding how they established the initial listing price.

I have trouble understanding who the hell would pay seven figures to live on Christopher Street.

Agree, with all of the above. It kind of feels nostalgic in the sense that this is what I was feeling right at the beginning of the last bubble.

Areas are always grossly overestimated. Gross to net is typically a 20% shrinkage.
The 4 am bar downstairs and the lack of light seem like bigger problems to me.

Hk, Hate to break it to you but most full floor lofts these days are listed as gross area including non-shared walls, stairs and elevator. Let us say the building size is 25x85 including 3 foot thick walls. If you own a full floor, you share is 2125 sq ft. Naturally some of the space is not useable, Most new condos include the exterior walls and very thick columns as well. At the end of the day, if you thing the property is 1600 sq ft, bid accordingly but do not forget to use the same measurement standard for your comps. This will mean you will have to haircut most loft comps by 20 percent.

Here is an example of how condos sq footage were calculated back in the day. You can find the space.

http://streeteasy.com/nyc/sale/870107-condo-1-irving-place-gramercy-park-new-york

Similar size but listed as much bigger size. Try finding 800 sq ft,

http://streeteasy.com/nyc/sale/887245-condo-101-west-24th-street-chelsea-new-york

Correct, 300_mercer.
Try, just try, Hk.

Good luck with that and also when you finally decide to look elsewhere for the reality and quality-of-life that you will be satisfied with.

Truth, Where did you end up buying. If I remember correctly from early 2011 you were looking at lofts in TriBeCa.

Anyone knows if the bar downstairs is just a gay bar or is it a gay striptease bar?

Mostly a gay bar, but with some dancers. um, so I hear....

There are still actually gay bars in GV?

Still a couple left kylewest but in a 2 block radius based on my quick observation lol

so 3 895 000/1600sf= 2437/sf (not 2000sf)
Is $400/sf a fair estimation for gut renovation or is it more like $450/sf??
That would bring the bill up to $2837/sf.....hmmmm

There are still actual Gays?

hk, Care to explain why you are still interested when you think it is really overpriced. It is not that you are a regular poster.

Agree with 300 Mercer. Drop a bid for $2.35mm if you're genuinely interested and then be done with it. That's around $1450 a sf, which is already way too much, if it's really 1600sf or $1200 a sf @ 2000sf. Nonetheless, after now realizing that the roof is not private to the 7th floor I say getting $2.35mm-$2.4mm is a stretch.

I just would like to know what a realistic number would be for gut renovating something like this and how many months I would have to pay double rent before moving in.