This tiny house could be Manhattan’s biggest bargain — if you can afford to live in it.
603 sq ft ‘one bedroom’ condo for sale on Prince Street in Soho. $250,000, the cheapest listing in the neighborhood, where the average one-bedroom price is $1,962,452. Next up is the cheapest Soho list $630,000.
Located on one of Soho’s most desirable blocks, the basement apartment is steps away from Dominique Ansel Bakery, Chanel and The Dutch restaurant, where a 28-day dry-aged ribeye sells for $165. The “generously sized” property has been on the market for just nine days and is already receiving offers for the asking price, said seller Kane Manera of the Corcoran Group, which oversees the listing.
“I have about 40 offers and I think I’m asking 20 a lot, there’s a lot of inquiries a day,” Manera told The Post, declining to provide further details.
“$250,000 for a one-bedroom condo in Soho asking $414 per square foot is absolutely unheard of,” said Liz Schwartzberg, a broker at rival real estate agency Compass.
But 195 Prince Street #1LL is no luxury loft.
The property, according to the listing description, boasts an “untouched original and original lower lot since the 1970s,” which may be lower.
Paint is peeling off the doors and floors, and “industrial features” such as exposed pipes and lights run throughout the space. The bathroom is tucked into a closet, with just two small windows on either side, and the bedroom is so narrow that the previous occupant slept on a mattress in the living room overlooking the open-plan kitchen.
As for amenities, there are only two: pets allowed and a “common yard,” an outdoor area where residents on the upper floors can dump their trash before biweekly pickup.
Buyers looking for a downtown one-bedroom pad said they were interested in this listing — until they clicked on it.
“This extremely low price obviously affected me,” said Phil Toronto, a 35-year-old venture capitalist. But “I immediately lost interest when I looked at the photos of the unit. This place literally looks like something out of a movie. I’m sure if I were Liam Neeson’s long-lost son in Taken 4, I’d be caught here. Is that the steam pipe in the middle of the living room? ”
Eli Goodman, a 28-year-old consultant, felt the same way. “Going into this search I knew it would be difficult to find an affordable bedroom in the city, but I didn’t know my options would be meth density or dead bodies for roommates at that price.”
Laura Lapitino, a 30-year-old luxury publicist who has been house-hunting downtown for six months, said: “Although $250,000 is the lowest price I’ve seen for an apartment in the neighborhood, I seriously question whether it’s available. it is possible to live even from a distance.”
The apartment’s listing concludes with one final selling point: “As unique as New York is, a property like this has to be seen to be believed.”
Toronto said it might look at the property due to “illness” but would not make an offer. “It’s just gross.”
Leave a Comment