Small Wonder

A sleeping loft gives this Financial District studio plenty of space for entertaining

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Though locals are starting to complain that the neighborhood's now too crowded, the Financial District continues to transform into an increasingly livable residential neighborhood, thanks in part to a wealth of high-end housing stock, like this renovated loft studio a tony co-op 3 Hanover Square. (The building itself is a full-service co-op with a full-time concierge, housed in a building that used to be the home of the Cotton Exchange.)

A foyer passes the galley kitchen and opens into a spacious main living room, with bamboo floors, high ceilings, and large, soundproofed windows.

An airy set of stairs leads up to the spacious sleeping loft, which also includes a walk-in closets. (There are smaller closets throughout the rest of the apartment, as well.)

As for the kitchen, it looks to have a good amount of counter and cabinet space, plus up-to-date extras including a built-in microwave, dishwasher, custom cabinetry, and Calcutta Gold marble countertops (we like the contrast between the light marble and dark, rich wood):

The bathroom has a similar aesthetic, including a walk-in shower with body jets.

Unsurprisingly, none of this is going to come cheap. The asking price is $795,000, on top of the pricey monthly maintenance charges, set at $1,257/month. These days, that's the price you pay if you want to combine a high-end, old New York address with luxe new renovations.