Here's what I saw, I'd love to hear what you saw: 380 West 12th Street 6G 2 Bedroom, 2 bath loft-style apartment in converted building. Asking 2.17 with maintenance of 2,521 This is a 2 bedroom estate sale in the far west village between Washington and West streets, just below the meat packing district. The apartment has two bedrooms, two and a large living/dining space all facing north onto the... [more]
Here's what I saw, I'd love to hear what you saw:
380 West 12th Street 6G
2 Bedroom, 2 bath loft-style apartment in converted building.
Asking 2.17 with maintenance of 2,521
This is a 2 bedroom estate sale in the far west village between Washington and West streets, just below the meat packing district. The apartment has two bedrooms, two and a large living/dining space all facing north onto the street. All of the windows are on this northern exposure, leaving ample space for storage, big bathrooms, and hallways. The apartment is quite spacious for a two bedroom (1800+) but much of the space is relatively useless as it is so far from the windows. The apartment needs everything--two new bathrooms, a new kitchen, and updating everywhere. Two new constructions are going up across the street. The broker tries to spin this as a positive because they will bring up the tone of the street. She is pushing a complicated plan to move both bathrooms in order to create a windowless den; seems like a lot of work for little reward.
The apartment is in a building that looks like it was converted in the 70s or 80s and hasn't had much done since. The hallways and lobby are grimy and unattractive. There is no view. The neighborhood is sort of prime-minus--it's the west village, but it is near the river without being on the river, which IMO is the least coveted area of the west village and could suffer depreciation. The broker was actually using a signup sheet with a date from several months ago. I was clearly the only person who had been there.
The apartment is actually asking more than the peak comps for the same line. This seems completely unrealistic given the state of the market and the condition of the apartment. Assuming 500k for renovation, I don't see this apartment generating interest above 1.4.
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Seems like a lot of space in prime Village for under 1k a foot.
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Response by happyrenter
over 17 years ago
Posts: 2790
Member since: Oct 2008
ho,
that's not really my style, although i should probably take a look at it. i don't love that block, don't love that era of building, don't love the layout, but of course you never know till you see it.
isn't that the same apartment you just recommended for me?
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Response by jklfdsainkj
over 17 years ago
Posts: 178
Member since: Nov 2008
hr - I'll agree with you on style of bldg, but there is not a lot of pre-war in the Village, and maybe you have more bucks than me, but footage is the most important.
But the location is great. You are right around the corner from Wash Pk. Outdoor space too. Some weird history. It seems to have closed a few months ago for 2.1, but then right back on the market. Job loss? Streeteasy data error?
Not that we are friends or anything, but it is hard for me to really dislike someone who wants a place in the central Village. That's where I live as a Happyowner. Hope you get a good deal from a troubled seller and put down some roots here. Best place in the city. You'll never want to sell even in a tougher period.
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Response by happyrenter
over 17 years ago
Posts: 2790
Member since: Oct 2008
It's not a data error. It sold, and then it went back on the market. That's what happens when the economy is in recession and the real estate market is in collapse.
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Response by jklfdsainkj
over 17 years ago
Posts: 178
Member since: Nov 2008
BTW, I think central Village (say, 6th to Broadway, north of Wash Sq, is way better than West Village proper. Yes WV is charming to walk. But where are the subway stops?
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Response by jklfdsainkj
over 17 years ago
Posts: 178
Member since: Nov 2008
hr - That's what happens when the economy is in recession and the real estate market is in collapse.
The nice thing about being an optimist is that you are eventually right!!!
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Response by happyrenter
over 17 years ago
Posts: 2790
Member since: Oct 2008
the subway stops are at 8th avenue and 14th, 7th avenue and 12th street, 7th avenue and christopher street, 6th avenue and 14th street, and 6th avenue and west 4th. the west village between 7th avenue and hudson street is unquestionably the nicest part of the village. the central village between university and 6th is second. east of university, no.
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Response by jgr
over 17 years ago
Posts: 345
Member since: Dec 2008
Holy crap, those are the two supremely awkward layouts.
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Response by jklfdsainkj
over 17 years ago
Posts: 178
Member since: Nov 2008
hr - I know where the subway stops are. They pale before Union Square.
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Response by jklfdsainkj
over 17 years ago
Posts: 178
Member since: Nov 2008
Try to get to the Met from the WV.
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Response by happyrenter
over 17 years ago
Posts: 2790
Member since: Oct 2008
why did you ask where the subway stops are if you know where they are. there are plenty of neighborhoods with poor subway access. the prime west village is not one of them.
i enjoy living near union square and the union square subway stop. but which met are you talking about? to get to the opera it's a lot better to live on the west side.
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Response by jklfdsainkj
over 17 years ago
Posts: 178
Member since: Nov 2008
hr - It was rhetorical. I live in the CV and prefer it to the WV. Partly due to the better transportation.
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Response by happyrenter
over 17 years ago
Posts: 2790
Member since: Oct 2008
that's fine. i live in the central village, it's great, i'd be happy to keep living here, but i recognize that the prime west village is a superior neighborhood. i was pointing out that in the prime areas of the west village the transportation is just as good. if you have a particular need to go to the ues a lot, then yes, the central village is better for transport. and if you need to go to the uws a lot the west village is better for transport. but what are we even arguing about?
i appreciate the apartment suggestions. neither is really right for me, but i appreciate them.
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Response by kylewest
over 17 years ago
Posts: 4455
Member since: Aug 2007
FWIW, I'm with happy owner. I like to wander to a restaurant in the West Village (Cornelia Street is actually my favorite destination to be more accurate), and my b/f lived on Barrow near Commerce which is drowning in charm, but we have become central Village converts. Yeah, transportation options are more plentiful, but there is an island of calm, and classy pre-wars, and gorgeous town homes between Broadway and 6th Ave from 9th to 12 Streets. Closer to the park, the better, but the whole neighborhood benefits from the amazing renovation they are nearing the 1/2 mark on. Gems like the restaurant Alta on 10th, terrific shops like University at 10th and 9th Streets, wonderful mix of well-heeled adults of some means and college kids lends vibrancy. And no double decker tour buses other than one occasionally heading down 5th Ave. No tourist overload or summer invasion. Weekends are calm. After nearly 20 years in Chelsea and the West Village, I can't believe I live in this neighborhood I once thought was too 'exclusive' for me to ever be able to move to. I couldn't care less if most prefer the west Village or other areas. No need to push this 12 square block gem. To me it's the fillet mignon of Manhattan.
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Response by buster2056
over 17 years ago
Posts: 866
Member since: Sep 2007
Kylewest, I could not agreet more! Prime central village (lower 5th & University) is definitely nicer than the primest of the West Village, and it's kind of like an oasis. I love all of the townhouses between 5th & 6th (even the really ugly one that got bombed and rebuilt diagonally), the grand pre-war buildings, and neighborhood restaurants.
Agreed, kylewest. I lived in the CV for many years, still work there, and still love the neighbourhood more than any other. The Knickerbocker, the Strand, walking through Washington Mews, the garden behind the Jefferson Market Library, the raffishness of 8th St. and the rows of antique stores on 10th - CV is wonderful.
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Response by aboutready
over 17 years ago
Posts: 16354
Member since: Oct 2007
inthehouse, looks nice, but I'm not sure I'd call that a normal layout.
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Response by PMG
over 17 years ago
Posts: 1322
Member since: Jan 2008
If you think a normal 3/2 is two cookie cutter one bedrooms reconfigured, then that is a normal layout :)
hr - Have you seen this place? http://www.halstead.com/detail.aspx?id=1665340
Seems like a lot of space in prime Village for under 1k a foot.
ho,
that's not really my style, although i should probably take a look at it. i don't love that block, don't love that era of building, don't love the layout, but of course you never know till you see it.
hr - This puppy has been sitting forever. http://www.halstead.com/detail.aspx?id=1665340
isn't that the same apartment you just recommended for me?
hr - I'll agree with you on style of bldg, but there is not a lot of pre-war in the Village, and maybe you have more bucks than me, but footage is the most important.
But the location is great. You are right around the corner from Wash Pk. Outdoor space too. Some weird history. It seems to have closed a few months ago for 2.1, but then right back on the market. Job loss? Streeteasy data error?
Oops! I meant this place for the second link: http://www.streeteasy.com/nyc/sale/184362-coop-26-east-10th-street-greenwich-village-new-york
Not that we are friends or anything, but it is hard for me to really dislike someone who wants a place in the central Village. That's where I live as a Happyowner. Hope you get a good deal from a troubled seller and put down some roots here. Best place in the city. You'll never want to sell even in a tougher period.
It's not a data error. It sold, and then it went back on the market. That's what happens when the economy is in recession and the real estate market is in collapse.
BTW, I think central Village (say, 6th to Broadway, north of Wash Sq, is way better than West Village proper. Yes WV is charming to walk. But where are the subway stops?
hr - That's what happens when the economy is in recession and the real estate market is in collapse.
The nice thing about being an optimist is that you are eventually right!!!
the subway stops are at 8th avenue and 14th, 7th avenue and 12th street, 7th avenue and christopher street, 6th avenue and 14th street, and 6th avenue and west 4th. the west village between 7th avenue and hudson street is unquestionably the nicest part of the village. the central village between university and 6th is second. east of university, no.
Holy crap, those are the two supremely awkward layouts.
hr - I know where the subway stops are. They pale before Union Square.
Try to get to the Met from the WV.
why did you ask where the subway stops are if you know where they are. there are plenty of neighborhoods with poor subway access. the prime west village is not one of them.
i enjoy living near union square and the union square subway stop. but which met are you talking about? to get to the opera it's a lot better to live on the west side.
hr - It was rhetorical. I live in the CV and prefer it to the WV. Partly due to the better transportation.
that's fine. i live in the central village, it's great, i'd be happy to keep living here, but i recognize that the prime west village is a superior neighborhood. i was pointing out that in the prime areas of the west village the transportation is just as good. if you have a particular need to go to the ues a lot, then yes, the central village is better for transport. and if you need to go to the uws a lot the west village is better for transport. but what are we even arguing about?
i appreciate the apartment suggestions. neither is really right for me, but i appreciate them.
FWIW, I'm with happy owner. I like to wander to a restaurant in the West Village (Cornelia Street is actually my favorite destination to be more accurate), and my b/f lived on Barrow near Commerce which is drowning in charm, but we have become central Village converts. Yeah, transportation options are more plentiful, but there is an island of calm, and classy pre-wars, and gorgeous town homes between Broadway and 6th Ave from 9th to 12 Streets. Closer to the park, the better, but the whole neighborhood benefits from the amazing renovation they are nearing the 1/2 mark on. Gems like the restaurant Alta on 10th, terrific shops like University at 10th and 9th Streets, wonderful mix of well-heeled adults of some means and college kids lends vibrancy. And no double decker tour buses other than one occasionally heading down 5th Ave. No tourist overload or summer invasion. Weekends are calm. After nearly 20 years in Chelsea and the West Village, I can't believe I live in this neighborhood I once thought was too 'exclusive' for me to ever be able to move to. I couldn't care less if most prefer the west Village or other areas. No need to push this 12 square block gem. To me it's the fillet mignon of Manhattan.
Kylewest, I could not agreet more! Prime central village (lower 5th & University) is definitely nicer than the primest of the West Village, and it's kind of like an oasis. I love all of the townhouses between 5th & 6th (even the really ugly one that got bombed and rebuilt diagonally), the grand pre-war buildings, and neighborhood restaurants.
this place is much better then those: http://realestate.nytimes.com/sales/detail/253-NS81126355/10011-NEW-YORK-NY-USA/3-beds/CO-OP-type/1000000-1500000-price/PRICE-HIGH-sort/253-NS81126355--46-1069084--489-37049-ls/3-t
at least it has a normal layout
Agreed, kylewest. I lived in the CV for many years, still work there, and still love the neighbourhood more than any other. The Knickerbocker, the Strand, walking through Washington Mews, the garden behind the Jefferson Market Library, the raffishness of 8th St. and the rows of antique stores on 10th - CV is wonderful.
inthehouse, looks nice, but I'm not sure I'd call that a normal layout.
If you think a normal 3/2 is two cookie cutter one bedrooms reconfigured, then that is a normal layout :)