Triple Assessment

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.

Triple Assessment