This is such an unusual building and I have to admit the idea of owning a piece of New York history is appealing, even if it would mean getting into the "worst apartment" in an otherwise interesting and well-located building. Does anyone have any experience with this building (as unlikely as that is given the small size and the rareness of listings)? I can imagine assessments here would bankrupt you if you weren't ridiculously rich already.
Response by Aaron2
almost 9 years ago
Posts: 1705
Member since: Mar 2012
Regardless of the neighborhood, history of the building, or any other factor, the worst apartment in a building will probably always be the worst apartment in the building, and priced appropriately (like, where are the closets in unit 905?), and the views from unit 307 seem to be mostly of the adjacent building, 10' away, and will never change). Were I a potential buyer of either of the current listings, or indeed any listing in a building with a limited number of units, I'd do a lot of due diligence over the finances and repair history of the building, so I'd know what to reasonably plan for in future assessments.
Regardless of the neighborhood, history of the building, or any other factor, the worst apartment in a building will probably always be the worst apartment in the building, and priced appropriately (like, where are the closets in unit 905?), and the views from unit 307 seem to be mostly of the adjacent building, 10' away, and will never change). Were I a potential buyer of either of the current listings, or indeed any listing in a building with a limited number of units, I'd do a lot of due diligence over the finances and repair history of the building, so I'd know what to reasonably plan for in future assessments.
Apropos of nothing an particular, a recent article about the building:
http://ny.curbed.com/2017/4/3/15073472/gramercy-renovation-home-tour-mary-bolt
THAT was the building? I was wondering which building that apartment was in. Wow, that girl was lucky.