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New York Magazine

Triple Assessment

By: S.Jhoanna Robledo
Published: 9/17/2007Source: New York Magazine

55 WHITE STREET, APARTMENT 4A The Facts: 591-square-foot, one-bath studio condo. Charges and Taxes: $546 per month. Broker: Cornelia Dobrovolsky, the Corcoran Group.

For the privilege of living in a cast- iron loft building in Tribeca, you'd usually have to pay seven figures (or even eight). That is, unless you can find a miniaturized version of the dream, which is what this condo is-and it made an outsize impression on our panelists.

Alan Pfeifer, Halstead Realty: Pfeifer notes that "there aren't many small loft spaces [here], and there's more demand than supply," which should mean a quick sale. "It should attract the starter buyer who wants to get into Tribeca." Still, "it's a comfortable space for one person, maybe two, but it would be a challenge for more." His assessment: $779,000.

Darren Sukenik, Prudential Douglas Elliman: "Fabulous light! The building is well run, has decent maintenance and a great reputation," declares Sukenik, who recommends the kitchen be renovated. "Tribeca buyers are fastidious." His assessment: $825,000.

S. Hunie Kwon, JC DeNiro: "The huge portrait window when you first walk in makes a wow statement," notes Kwon. He especially appreciated the washer-dryer, marble bath, and "substantially sized" galley kitchen, which, he points out, "you wouldn't [usually] find in a studio." His assessment: $715,000.

And the actual asking price is: $785,000.

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