The Market

Dealbreaker or quirk?

By A. Ready  | October 8, 2010 - 7:08AM

Would you pay $3 million for a 6th floor apartment if you had to go all the way down to the lobby for every guest and delivery? A reader sent us a heads-up about this 4,241 square foot four-bedroom, three-bath-co-op listed for $3.4 million at the Gilsey House at 29th and Broadway. He/she was shocked--shocked!--to learn that the building not only lacks a doorman, but the apartments don't have any intercom system or a way to buzz in guests, FedEx or the pizza guy. (It does have an elevator.)

Apartment 6AB was listed for a bit longer than three months this spring and was re-listed in September, so it hasn't really been on the market that long, but our tipster thought that the lack of entry system would likely portend a protracted listing period. Not necessarily so!

A look at the sales history for the building on StreetEasy shows that 6F, a two bedroom/2 bathroom unit listed at 2,300 square feet, sold quickly this spring and with no discount to the listing price of $1,595,000. Compensating factor: "However you arrange this architectural masterpiece," writes the broker for 6AB, "you will be joining an elite group of artists, celebrities and politicians that have called their home the Gilsey House."

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