Home News Soho’s cheapest apartment selling for $250,000—with a catch

Soho’s cheapest apartment selling for $250,000—with a catch

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This little house could be the biggest bargain in Manhattan — if you could live there.

A 603 sq ft “one bedroom” condo on Prince Street, SoHo $ 250,000On the cheapest list in the neighborhood, the average offer price for a bedroom is $ 1,962,452.The next cheapest list of Soho $ 630,000..

Located in one of Soho’s most popular blocks, the underground dwelling is right next to Dominique Ansel Bakery, Chanel and the restaurant The Dutch. Here you can buy 28-day dry-aged ribeye for $ 165. Kane Manera, a sales representative for the Corcoran Group, which is in charge of listing, said that “large enough” properties have been on the market for just nine days and have already received offers that exceed the asking price. ..

“I have about 40 offers, 20 far more than questions, and there are too many inquiries to count in a day,” Manera told the post.

Not a traditional chef’s dream, the kitchen has a light bulb and other essentials overhead.
Courtesy of the Corcoran Group

“For a Soho one-bedroom condo, a $ 414 per foot request is absolutely unprecedented at $ 250,000,” said Liz Schwarzberg, a broker at rival real estate company Compass.

But 195 Prince Street # 1LL is not a luxury loft.

According to the list, the property boasts “a genuine, original underground space that hasn’t been touched since the 1970s,” which may be a conservative expression.

This space is perfect for mattresses, but technically it's a living room "Industrial function," According to the description of the list of spaces.
This space is perfect for a mattress, but according to the list of spaces, it’s a living room that is technically “industrial”.
Courtesy of the Corcoran Group

Paint has peeled off the doors and floors, and “industrial features” such as exposed pipes and lights cross the entire space. The bathroom was pushed into the closet, with two small windows on each end, and the bedroom was so small that the former resident seemed to sleep on a mattress in the living room facing the open-plan kitchen.

According to the list, 195 Prince "Common courtyard" that "It leads to efficient use of space."
According to the list, the 195 Prince has a “common courtyard” that “realizes efficient use of space”.
Courtesy of the Corcoran Group

As for amenities, there are only two things: pets are allowed and the “common courtyard” is an outdoor space where residents on the upper floors are more likely to dump their trash before picking up once every two weeks. is.

Buyers looking for a one-bedroom downtown pad said they were intrigued by the list until they clicked on it.

“This very cheap price clearly jumped at me,” said Phil Toronto, a 35-year-old venture capitalist. However, “I quickly lost interest in the photos of the unit. This place literally looks straight from the movie in a bad way. If you were Liam Neeson’s long-died son in” Taken 4 “, here. I am confident that it will be held at. Is it a steam tube in the middle of the living room? ”

195 Prince Street is a five-story home built in 1920. According to the list, lower level units have not been updated since the 1970s.
195 Prince Street is a five-story home built in 1920. According to the list, lower level units have not been updated since the 1970s.
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Eli Goodman, a 28-year-old consultant, felt the same way. “When I entered this search, I knew it would be difficult to find an affordable one-bedroom in the city, but I realized that I had the option of having methamphetamine or roommate corpses in this price range. did not.”

Laura Lapitino, a senior spokeswoman in her thirties who has been searching for a downtown home for six months, said: You can even live remotely. “

Packed in a long, narrow unit with just over 600 square feet of space, the underground apartment is a one-bedroom with an eight-foot-high ceiling.
The underground apartment, packed in long, narrow units with more than 600 square feet of space, has one bedroom and an eight-foot-high ceiling.
Courtesy of the Corcoran Group

The list of apartments concludes with one of the last selling points. “As unique as New York, properties like this need to look believable.”

Toronto said it might look at the property out of “pathological curiosity,” but it’s unlikely to make an offer. “It’s just terrible.”

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