CHELSEA

133 West 28th Street
One-bedroom loft
Asking Price: $800,000
Selling price: $792,000
Time on market: 6 weeks

A one-bedroom loft at 133 West 28th Street sold recently for $792,000. The 900-square-foot dwelling is in the Associated Flower building, one of the earliest commercial-to-residential loft conversions in the area. The sellers had held the property for over 25 years, and purchased from the original plan – “before Chelsea was Chelsea” – according to broker Jonathan Phillips of Halstead Property in Manhattan.

The listing was on the market for about six weeks and the buyer’s co-op application was approved in less than a week, which Mr. Phillips described as “against the Einsteinian laws of the New York real estate market.”The buyer, who Mr. Phillips said is in the leather industry, was immediately drawn to the “sophisticated, Bohemian-style” fifth-floor apartment. No wonder she felt at home – the building had once been used as a leather-design factory. Needless to say, it’s been somewhat upgraded since then. The kitchen – an eclectic country-style affair – has featured in over a dozen design magazines. No doubt the new owner will want to invite a few of those friendly board members around for a drink once she’s settled in.

UPPER WEST SIDE

250 West 94th Street
One-bedroom co-op
Asking Price: $750,000
Selling price: $735,000
Time on market: about a month

A large one-bedroom co-op just sold for $735,000 at 250 West 94th Street. It’s the third apartment sold in the building in the last eight months for broker Dan Douglas of Corcoran in Manhattan, who described the price as excellent. Excellent indeed, considering that a similar-sized apartment 11 floors higher sold for less only a couple months ago.

Why the premium? The apartment had undergone a “meticulous restoration” by the previous owner, according to Mr. Douglas, a testament to the value of intelligent attention to detail. Or perhaps the new buyers had bumped into Al, the building’s superintendent – everyone loves him, apparently.The sellers, a retired couple who are moving out of state, didn’t have to wait long to off-load the West Side gem.The buyer, who pursued the property for some time, agreed to purchase within a month after first viewing the impressive third-floor residence.

FINANCIAL DISTRICT

180 Broadway
12-story commercial building
Selling price: $10.2 million
Price per square foot: $419.63

A 12-story commercial building at 180 Broadway in Manhattan’s Financial District has just sold for $10,200,000. The fully tenanted, 24,307-square-foot property, directly south of the proposed Fulton Street transportation center, attracted a tremendous amount of interest, according to broker Peter DeCheser of Massey Knakal Realty Services in Manhattan. He said the vendor received close to 20 offers, all around the final sale price for the “little commercial building with a Broadway address.” The purchaser bought the property as a long-term investment, but scope exists for the commercial units to be converted into residential apartments in the future.