Soho vs. Soho
Started by gdeardoff
almost 12 years ago
Posts: 0
Member since: Jan 2012
Discussion about
I was looking at a place in Soho and wondered: Would buying a loft on Broadway in Soho be foolish because of the crowds and traffic? The light is much better with the wide avenue, but I worry it won't stack up against the appeal of cobblestone streets and quiet in a competitive market. Or am I over-thinking this and a soho loft is a soho loft?
My take on it is that there is a relative discount to lofts on broadway vs. other streets in Soho. Many of the units i've seen on broadway only have windows on one side of the unit, versus other units on smaller streets having windows on both ends of the loft. However, because the rent on the ground floor is so lucrative on Broadway, the maintenance in these buildings is also lower than other Soho streets. The increased windows sort of balance the lower maintenance other out in a way.
Since the unit you looked at had a lot of light, maybe your unit has windows on both ends?
Anyways, I dont think all Soho lofts are the same (obviously). You have some that are walk-ups, some with elevators, some with large retail spaces in the ground floor, some with lots of natural light, noisy streets, odd floorplans with columns, shorter lofted bedrooms, artist in residence etc.
Oh, thought this was about Dustin Hoffman and Meryl Streep.
You have to ask yourself if you can deal with the crowd. Guessing it is worth 15-25 percent discount to the rest of Soho if your only entrance is from Broadway. Windows facing broadway is no big deal if you can enter on Mercer.
And as 300 should point out, if you can afford it.