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New York Magazine

Same Space, Different Place

By: S. Jhoanna Robledo
Published: 2/21/2006Source: New York Magazine
$55,000 for a Closet (Door Included)
These two condos down the hall from each other in a Nolita building are nearly impossible to tell apart: same finishes, same square footage. But their layouts are varied enough to warrant a price difference of almost 10 percent. Apartment 7F has an open kitchen, which is “more desirable” than 7B’s galley configuration, explains listing broker Shelley O’Keefe of the Corcoran Group. But the real difference is behind closed doors: “You’re getting a whole additional closet” of about ten square feet, she adds. “If you don’t have it, you’d end up paying for storage.” Or you can bank the 55 grand and throw out some stuff.

199 Bowery, Apartment 7F
The Facts: One-bedroom, one-bath, 615-square-foot condo.
Asking Price: $615,000.
Charges and Taxes: $828 per month.
Agent: Shelley O’Keefe, the Corcoran Group.

199 Bowery, Apartment 7B
The Facts: One-bedroom, one-bath, 610-square-foot condo.
Asking Price: $560,000.
Charges and Taxes: $821 per month.
Agent: Shelley O’Keefe, the Corcoran Group.

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