Volume 17 • Issue 25 | Nov. 12 - Nov. 19, 2004

Deliciously Converted Seaport Space
265 Water St.
1 BR, 1 bathroom, loft
sold at $880,000

This third-floor loft in the South Street Seaport unfolds in a building originally designed in 1872 by architect Charles Miltain to be a hardtack biscuit bakery. Converted in 1989, this 1,650-square-foot apartment now offers its new owner plenty of light from four west-facing windows and high ceilings, replete with exposed beams and trusses. The conversion was done by the former president of this small coop, along with his wife, who sprinkled the renovations with such touches as sheetrock cut and fastened to preserve the look of the building’s original warehouse architecture. The floor is wide red plank and the bathroom is blue-and-white-checkered tile, with a washer-dryer. Next to the walk-in closet is one of the oldest — if not the oldest (these things are hard to tell) — working manual freight elevators in Manhattan. The new owner, who fell in love with the loft at the first open house, moved from the Village — renting her former space to the loft’s last tenant, who couldn’t afford to buy. The two strangers were introduced by the loft’s broker. Who says New Yorkers aren’t nice?

Ask price was $890,000 and the final was $880,000.

Jon Phillips and Ginnie Gardner of Halstead were the selling agents. 212-381-6549 and 212-381-6587, respectively.



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