Monday, 13 June 2016

Petite Gramercy Park Duplex Loft More Than Doubles Asking Price After 2 Years

The duplex loft has been renovated and is being sold furnished

New York City housing prices are inflating at a rapid clip, but can a seller justify doubling the price of their home after just two years—even when the furniture is included? That's what the owner of a duplex loft near Gramercy Park at 237 East 17th Street is trying to do. The owner, per the listing a "European novelist", purchased the petite 700-square-foot loft in 2014 for $660,000. The apartment just hit the market again sporting, among other upgrades, new millwork and a fresh coat of paint. It’s now asking $1.399 million. Here’s a look at it before it was renovated:

The "romantic and warm home" is being sold with all of its furnishings and fixtures, which the listing says are inspired by the owner's former homes in Paris and Denmark. The small co-op building, where maintenance for the unit runs $1,258 per month, was once the home of Rutherford Stuyvesant's father and is just across the street from Stuyvesant Square. The duplex loft is on the building’s parlor level and comes with two bathrooms. So, is the price hike justified? Take a look at the most recent round of listing pictures and sound off in the comments.


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