111 Hicks' Raw But Oh-So-Awesome New Penthouse
Talk about “Wow” factor! The co-op board at 111 Hicks Street, which, The New York Times implies, has been under some financial pressure of late, has decided to unlock some of the building’s hidden value by clearing out the former water tower storage space on the 30th floor and getting approval from the to convert…
Talk about “Wow” factor! The co-op board at 111 Hicks Street, which, The New York Times implies, has been under some financial pressure of late, has decided to unlock some of the building’s hidden value by clearing out the former water tower storage space on the 30th floor and getting approval from the to convert it into an apartment. The 66-by-53-foot space, which has 360-degree views of Manhattan and Brooklyn, is now on the market with Sotheby’s for $2,495,000 (though we couldn’t find the listing). Somebody is going to have to want a challenge to create something here, said Kevin Brown of Sotheby’s. But they will only be limited by their imagination and pocketbook. Jealous! Update: We found the listing and added another photo on the jump. Update II: Gothamist has some new exclusive pics from inside the space here.
Where the Water Tanks Were [NY Times]
Struggling Co-op Turns Utilities Floor Into Penthouse [Curbed]
According to the article, they are trying to bring the elevator up to that floor.
I know a couple of office buildings that have done the same thing, try and move out the water tanks to create rentable space.
No. DC actually pays taxes! “Taxation Without Representation” license plates and all… actually, DC is a better analogy.
“But they will only be limited by their imagination and pocketbook.â€
Right, because people with huge imaginations and enormous pocketbooks are usually stuck living in fedders shitboxes.
tybur6, that’s just legalese saying it’s not the actual prospectus.
DC, too, tybur.
And what is this “This is not an offer to sell the shares”???
Does that mean the “owner” of this penthouse has no say about the building? They are just renters with no vote? Like Puerto Rico, but worse because the penthouse tenant has to pay.
bkhabitant this is merely manhattan style maintenance – also don’t forget this includes re taxes. anyone shopping in manhattan isn’t going to be scared away from this maintenance (haven’t seen the books of the coop though).
Wait… I don’t get it. They’ve had 3,500 square feet at the TOP of the building just filled with crap!? For how long?
I guess this also means the $2 point whatever million is common revenue? Like it would pay for everyone’s maintenance fees for a while or pay off/down any “underlying” mortgage… Sounds like a sweat deal.
That can be a truly spectacular space!
Talk about WOW!!!!
[kicking myself cause I am poor]