How Much to Live in Manhattan’s West Village?

• August 14, 2009
• 15 Comments

by Mark Wellborn

In our weekly departure from DC-related real estate fare, we ask you to give us the price of a one-bedroom floor-through condo in a renovated pre-war townhouse in Manhattan’s West Village.

The property has a private 600 square-foot roof deck, a living room with a gas fireplace, a chef’s kitchen with black granite counters and a wine cooler and a large bedroom with 11-foot ceilings, exposed brick and three huge windows. If you buy this unit, you are also buying the air rights above the building, which would allow you to build up. The interior square footage is about 800, but remember that the roof deck tacks on another 600.

Keep in mind that the West Village is one of Manhattan’s trendiest neighborhoods, and the city’s residential property prices are some of the most expensive in the country. In short, think higher rather than lower with your guesses. The true price will be revealed next week.

This article originally published at http://dc.urbanturf.com/articles/blog/how_much_to_live_in_manhattans_west_village/1236

15 Comments

1. Sasha said at 1:08 pm on Friday August 14, 2009:

   $980,000 to $1.1 million.

1. Haxton said at 1:40 pm on Friday August 14, 2009:

   $1.09 million, but only because of its location, obviously.

1. Lauren said at 1:57 pm on Friday August 14, 2009:

   $850,000

1. Tim said at 2:13 pm on Friday August 14, 2009:

   Based on the location, staging effort, and quality of those finishes, im gonna also say 1.1 mil.

1. Lauren said at 3:29 pm on Friday August 14, 2009:

   Not that I think it should have a huge effect on the price, but I have to say I think that bathroom is hideous. And I wouldn’t like having just a shower and no tub.

1. Will Smith said at 4:15 pm on Friday August 14, 2009:

   I think these guesses are low. I’d say north of 1.5.

1. Liz said at 4:25 pm on Friday August 14, 2009:

   $1.45-$1.5 Million

1. Manzur Ahmed said at 5:56 pm on Friday August 14, 2009:

   a regular 1 bedroom goes for like a million.  this is in the west village and you the roofdeck and the right to build and space is very limited on the island.  I’m going to say somewhere between 2.0-2.2 million.

1. LookingtoBuy said at 5:40 pm on Sunday August 16, 2009:

   Location, location, location—$1.3 million

1. Cathy Schneider said at 10:33 am on Monday August 17, 2009:

   Are you all kidding?  I would say 3 million, minimum.  I would expect double that—say six million, and would not be surprised at higher.  That is a rare find in Manhattan, much less the village.  It is a whole house, and gorgeous and there is room to expand.  Condos are one million and up.  How could you possibly consider you can get that for less than a million.  I would be shocked !

1. Art said at 12:23 pm on Monday August 17, 2009:

   Cathy, you didn’t RTFA.
   “one-bedroom floor-through condo in a renovated pre-war townhouse”

1. Tim said at 2:53 pm on Monday August 17, 2009:

   Oh please Cathy… $6 million would make this the most expensive one br in the country…

1. emerald said at 7:12 pm on Monday August 17, 2009:

   at $1000+ per interior square footage (some prices are $1300psf), probably 1/2 that amount for the exterior space and the air rights, I think possibly $1.475million take a few grand or so.

1. Georgetowner said at 2:31 pm on Tuesday August 18, 2009:

   I agree… I would say around $1.5M..

1. New York Watcher said at 5:34 pm on Tuesday August 18, 2009:

   Seeing that it’s 800 square feet, I’d guess a minimum of $1,000 per foot, but add more for the deck, the location and condition.  Remember that we don’t know it’s fair market value, only its asking price.  I’ll estimate $1,250,000.  Beautiful place.

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