(Photo: Courtesy of Bellmarc)

Triple Assessment
205 West 57th Street, Apartment 9DB

One-bedroom, one-bath, 1,000-square-foot co-op.
Asking Price: $895,000.
Maintenance: $1,550 (includes electric and basic cable).
Broker: Ellen Kapit, Bellmarc Realty.
On Fifth Avenue or Central Park West, the former home of the late Vogue illustrator Joe Eula would fit right in. But its real location—in the Osborne, a landmarked 1883 co-op across from Carnegie Hall—make it a beautiful anomaly, and one that’s tricky to price, say our experts.

Lorraine Miller, Ardor New York Real Estate:
“It’s extremely unusual—a pre–World War I building in midtown,” says Miller. “The floors are magnificent. I like the wall of windows facing west. [But] some people object to getting to the bathroom through the bedroom.”
Her assessment: $1.1 million.

Antonio Mongiovi, Prudential Douglas Elliman: “The lobby’s gorgeous, and there’s lots of original detail in the apartment,” says Mongiovi, who thinks “the kitchen needs to be redone. It’s a little bit dated for today’s buyer.”
His assessment: $950,000.

Michele Gershwin, Citi Habitats:
“Having the fourteen-foot ceiling in the entryway is dramatic, and in a beautiful prewar, people look for that. But the staircase [to the main living area] is a negative. In a 50-percent-down building, you won’t get the young buyers, and the staircase won’t appeal to many older buyers.”
Her assessment: $1.3 million.

Related:

• Archive: “Real Estate”
• Articles by S.Jhoanna Robledo
• Table of Contents: Jun 5, 2006 issue of New York | Subscribe!