The Market

BrickPicks: $1.38m live/work loft in The Glass Farmhouse

By A. Ready  | March 16, 2011 - 2:45PM

The Glass Farmhouse (448 West 37th Street, between 9th and 10th Avenues) was a commercial building built in 1914 and converted in 1981 to a mixed-use condominium. Floors 7 through penthouse are zoned for residential/professional use, giving live-work flexibility for buyers of #11C, an 1,882-square-foot mostly-open unit.

The apartment, which has one bathroom and can be configured into a two bedroom, was just reduced from $1,500,000 to $1,380,000. Total common charges and taxes are a very low (for the space) $2,234. The bathroom and kitchen have been renovated, and the kitchen has top-of-the-line appliances.

Two stories below, 9C sold for $1,875,000 in September 2005, though the condition of that unit at the time of sale is unclear. The building has a part-time doorman, super and roof deck. Pets are allowed. The downside:  The building has difficult access to most subway lines. But if the A, C or E will take you to work, this could be an interesting option.

BrickPicks is A. Ready's weekly independent selection of an apartment that she believes reflects good value given current market conditions. It is not an advertisement for the property.




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