Small Wonder

You might want to haggle for this renovated loft on Water Street

Share this Article

2019
BRICK UNDERGROUND’S
Holiday Tipping Poll
Holiday Tipping Poll
How much do you plan to tip the building staff this year?

If you've been looking for an apartment that combines the charm of a prewar with the high-end perks of a new construction condo, you might want to take a serious look at this studio for sale in the recently revamped Fulton/Seaport area downtown.

The apartment, a resale condo, is at 272 Water Street, a boutique condo building in a former warehouse with amenities including an elevator, private storage units, and lenient policies towards pets, pied-a-terres, and sublets. As for the apartment itself, it's got loads of exposed brick, oak floors, original wood beams, and a lofted layout that separates the bedroom from the rest of the apartment.

Besides basics like central air-conditioning and an in-unit washer and dryer, the apartment's been decked out with high-end appliances in the open chef's kitchen (including a 24-bottle wine refrigerator), and radiant heating floors in the bathroom (which also has a separate shower and soaking tub). From the looks of it, there's a cozy little walk-in closet, as well.

Unsurprisingly, none of this comes cheap—the seller is asking $1.499 million. This seems a bit steep; according to StreetEasy, it was last sold in 2012 for around $850,000, making it quite a price hike, so you may have room to do some negotiating. But, given the new school that just opened in the area as well as the soon-to-be-completed Fulton Market nearby, this studio might be a smart investment either way you slice it.