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This Is The 7500 Square Foot Soho Loft That Just Sold For $27 Million
It may not be a castle, but this $26.58 million penthouse loft in Soho (New York) has become one of the priciest co-ops ever sold in Manhattan below 34th Street. As The Wall Street Journal reports, located in a former manufacturing building at 383 West Broadway, the duplex unit is roughly 7,500 square feet, with four bedrooms, five full bathrooms and one half bath. The deal closed Monday. The buyer is unknown... nope, no bubble here...
The penthouse had been listed for $32 million in November 2013 as a co-exclusive between Leonard Steinberg and Herve Senequier of Douglas Elliman Real Estate and Adam Modlin of the Modlin Group.
Monthly Maintenance/CC a snip at $5,223
According to the listing, the unit has its original cast-iron columns, a wood-burning fireplace, a 1,500-bottle wine cellar, and a media room with custom seating.
Above the stairway, there's a 30-foot-tall bulkhead skylight.
There's a roughly 4,200-square-foot roof terrace with a covered seating area, an outdoor kitchen and an outdoor shower.
All quite ironic really when you consider these two charts...
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Great Gatsby anyone?
krugman...you local?
OT Flash Hash: Here it comes, bitchez!
http://portal.ransquawk.com/headlines/ecb-wants-to-relax-bail-in-princip...
News Headline Summary
ECB wants to relax bail-in principle in some cases, according to a report in Handelsblatt
Says:
- Cites unidentified EU diplomats on ECB plans.
- ECB officially denies plans.
Print 04:16 - Asian News - Source: Handelsblatt
Nice water tank.
Doubles as a hot tub.
I will take my Tahoe cabin and my little Reno sugar babies, cheaper by a factor of 1000 and way better time by the looks of it. It really seems like money don't buy shit, just sayin'.
I agree wholeheartedly. Whenever Tyler(s) shows articles like this (or the Chinese car the other day) my overriding impression is that money does not buy taste.
DavidC
Also looks like it would work just fine as a gallows.
Yes. The buyer needs to convert part of the roof terrace into a heliport.
Pay cash for the place and still pay $5200 monthly fees plus property tax. Great deal , especially with the view of the old water tower
Which Saudi prince bought it?
He's from the Keynesian tribe, Ali-Krugmani.
Burn...it...to...the...ground.
Nah, let a meteor hit it and take out most of the city.
Wonder what the homeless are doing ...
is it zombie proof?
think not
I'm sure he will be fine in an EMP event.
adequate water storage at least!
Nope, but I'd bet a bachelor would get plenty of split tail before they get there.
Good thing homelessness is falling in NYC... oh wait.
Is it me? I have absolutely no desire to live in a place like that. Does that makes me un-American?
No, it makes you smart.
Well, if the question was technically, "would you want to live there..."
Hell yeah...
Would I buy a place like that?
Hell no...
Even if I could afford it, I would not want to call that my home. It ain't me. I prefer practicality without the frills.
I guess I'm just stoopid after all...
The "frill" in Manhattan real estate is ample square footage, which is anything larger than 200 sq feet.
You're a domestic terriss.
Well, yes and no. As long as you know your place and get the proper training.
This post and the obesity article before it show that there's a wide variety of options when one chooses a life of gluttony.
Useless eaters spenders.
<The only thing that trickles down from these transactions is their urine as they piss off the balcony onto the little people.>
Sorry.....was that my out loud voice?
/super snarc sarc
Hi CD,
Less is so much more, when one realises that there is no need to impress anyone! Happiness comes from within....
John
looks like a deal
........with the devil.
Paging HH to show us the county in Texas you can buy for less.
Shit... Chicago is trying to sell lots in the former community organizer's back yard for $1 (A testament to his prior successes LOL). The new owners of this PH could have purchased practically the entire south and west side of Chicago and developed it for a fraction of the cost. Current FOID card and CC permit strongly advised.
In a plan approved by the Chicago Plan Commission Thursday, homeowners and nonprofits in Englewood will be able to buy city-owned vacant lots for $1.
In Chicago, the hope is to use more than 5,000 vacant lots for something other than litter.
http://www.suntimes.com/news/metro/26317882-418/city-wants-to-offer-vaca...
Don't ever live in a one horse town, unless it's your horse.
It's good to be a member of the Elysium Class.
A guilded cage.
I'd rather have a nice and simple log cabin in the mountains, off-grid, with lotsa huntin' and fishin' in my backyard. Real far away from the zombies. To each their own I guess.
Nice, but if you're off grid I would have a solar/wind generators going 24/7. Rather expensive.
Lemme guess? All-cash overseas buyer looking to park some funds in a buy-to-leave property?
It looks cold, sterile and lifeless like the banksters who live there. Maybe it looks nicer at night filled with hookers and blow.
It better come with a plank.
$3500 a square foot!! $27 million doesn't go that far anymore. Entire Empire State Building cost $41 million.
That's Bernanke's.
purchased with bitcoin no doubt
jb
thanks bernanke, that trickle down is really working good
No pool?
That's the water tank elevated above the roof. Cue the "Petticoat Junction" theme song with three nekkid chicks popping up over the side...
Insanity. Nothing more, nothing less.
I could damn near pay the maint fee
Come on you guys. This is ZH isn't it-we are suppose to be highly sophisticated stock investors with a lack of morals like the true titans of industry today...you know, like Maddof, Corzine..Mark Karpelès. You wanna get rich or stay in that rat infested 12x60 mobile home the rest of your life?
You guys got to get with the program.
Industrial building ?? Funny, buisness in NYC used to actually make stuff, when that paradigm changed the owners of these industrial buildings went tits up and you could pick up THE WHOLE BUILDING under a penthouse like this by paying the back taxes,( usually for under a hundred grand) back in the late seventies - early eighties ! But the neighborhoods were beyond dicey. Still, some magic hand pushed enterprising people to buy these up and convert to residential whilst also building said penthouse on top as an added bonus ( usually going to the guy who put the deal together, ponied the cash, and saw the project through ) Back then something like this would fetch three to five million and they were very rare. Now they are all over the place and supply is limited and pricey, but still supported, literally, by the ones in the 'factory' below.
Wonder what the property taxes would be like?
I saw a werewolf with a Chinese menu in his hand
Walking through the streets of Soho in the rain
He was looking for the place called Lee Ho Fook's
Going to get a big dish of beef chow mein
Thanks for the Zevon. It's been a while since I gave him a listen. Good stuff.
<putting in cd now>
For all you kids out there that have never heard WZ...
http://www.youtube.com/watch?v=ceH69d-BWY0
Lawyers, guns and money. Good stuff too.
Well, I went home with the waitress
The way I always do
How was I to know
She was with the Russians, too?
http://www.youtube.com/watch?v=IMxDxwOgo5E
let me guess.. corrupted chinese businessman or government officials.
=26,044 American Gold Eagles. Give me gold and you can keep the Manhattan real estate Bitchez!
That part of Broadway is narrow, with packed sidewalks all day, every day. Sirens at night, people (sic) pissing in your doorway, ringing your door buzzer at all hours of the night... Even if you had a driver, you would still have no choice but to be dropped off at the curb... to be stared at by the sidewalk gawkers... I used to work as a private chef in similar places before I escaped to the upstate woods... The denizens of these places are usually stingy as hell with the "help"... good riddence, morons...
All that money and you are still in NYC...surround by people...tons and tons of people. Even if I could afford it I'd pass.
Good place to be when the SHTF and rioting in the streets. Amazon drones can drop u fud.
Looks like the Triangle Shirt Waist Factory all dolled up.
Paging DeBlasio! What ever happened to NYC rent control?
Should you ever have the desire to buy a place like that, first walk through the lobby of a five-star hotel. It's much more luxurious. Maybe sit for a while. You'll be bored in 15 minutes. Maybe five. Then you'll be ok.
Just put your 27 mil in an envelope and give it to the first street sleeper you see. You'll feel better.
It didn't sell for above asking? WTF is this recovery they talk about?
This is the perfect scenerio of .... The Rent's Too Damn High"!