{"id":18525,"date":"2022-07-18T23:19:40","date_gmt":"2022-07-18T23:19:40","guid":{"rendered":"https:\/\/harchi90.com\/sohos-cheapest-apartment-selling-for-250000-with-a-catch\/"},"modified":"2022-07-18T23:19:40","modified_gmt":"2022-07-18T23:19:40","slug":"sohos-cheapest-apartment-selling-for-250000-with-a-catch","status":"publish","type":"post","link":"https:\/\/harchi90.com\/sohos-cheapest-apartment-selling-for-250000-with-a-catch\/","title":{"rendered":"Soho&#8217;s cheapest apartment selling for $250,000\u2014with a catch"},"content":{"rendered":"<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>This tiny house could be Manhattan&#8217;s biggest bargain \u2014 if you can stand to live there.<\/p>\n<p>A 603-square-foot \u201cone-bedroom\u201d condo on Prince Street in Soho is going for $250,000, the cheapest listing in the neighborhood, where the average asking price for a one-bedroom is $1,962,452.  The next cheapest Soho listing is $630,000.<\/p>\n<p>Situated on one of Soho&#8217;s most desired blocks, the basement dwelling is just steps from Dominique Ansel Bakery, Chanel and restaurant The Dutch, where a 28-day dry-aged ribeye goes for $165.  The \u201cgenerously sized\u201d property has been on the market for just nine days and is already fetching offers over the asking price, said Kane Manera, the salesperson for Corcoran Group, which is handling the listing.<\/p>\n<p>\u201cI have around 40 offers and I&#8217;d estimates 20 are well over asking, with too many inquiries a day to count,\u201d Manera told The Post, declining to give any further details.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption>Not exactly a traditional chef&#8217;s dream, the kitchen comes with the essentials, including a single bulb overhead. <\/figcaption><figcaption><span class=\"credit\">Courtesy of Corcoran Group<\/span><\/figcaption><\/figure>\n<p>\u201cFor a one-bedroom condo in Soho, $250,000 with an ask of $414 per foot is absolutely unheard of,\u201d said Liz Schwartzberg, a broker at rival real estate agency, Compass.<\/p>\n<p>But 195 Prince Street #1LL is no lavish loft.<\/p>\n<p>The property boasts an \u201cauthentic &#038; original lower ground space untouched since the 1970s,\u201d according to the listing&#8217;s description, which may be an understatement.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-1LL-street-listing-11.jpg?resize=1024%2C682&#038;ssl=1\" alt=\"Though this space fits a mattress, it's technically the living room, complete with &quot;industrial features,&quot; according to the listing description of the space.\" class=\"wp-image-23100468\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-1LL-street-listing-11.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-1LL-street-listing-11.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-1LL-street-listing-11.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-recalc-dims=\"1\"\/><figcaption>Though this space fits a mattress, it&#8217;s technically the living room, complete with \u201cindustrial features,\u201d according to the listing description of the space.<\/figcaption><figcaption><span class=\"credit\">Courtesy of Corcoran Group<\/span><\/figcaption><\/figure>\n<p>Paint is peeling off doors and floors, and \u201cindustrial features,\u201d such as exposed pipes and lights, cross through the entire space.  The bathroom is tucked into a closet, just two small windows are positioned at either end, and the bedroom is so narrow, the previous occupant appears to have slept on a mattress in the living room, facing the open-plan kitchen.<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" src=\"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-1LL-street-listing-13.jpg?resize=618%2C411&#038;ssl=1\" alt=\"According to the listing, 195 Prince features a &quot;common courtyard&quot; that &quot;culminates an efficient use of space.&quot;\" class=\"wp-image-23100447\" width=\"618\" height=\"411\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-1LL-street-listing-13.jpg?quality=75&amp;strip=all&amp;w=1233 1236w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-1LL-street-listing-13.jpg?quality=75&amp;strip=all&amp;w=925 927w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-1LL-street-listing-13.jpg?quality=75&amp;strip=all&amp;w=618 618w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-1LL-street-listing-13.jpg?quality=75&amp;strip=all&amp;w=308 309w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-1LL-street-listing-13.jpg?quality=75&amp;strip=all 1024w\" sizes=\"(max-width: 618px) 100vw, 618px\" data-recalc-dims=\"1\"\/><figcaption>According to the listing, 195 Prince features a \u201ccommon courtyard\u201d that \u201cculminates an efficient use of space.\u201d<\/figcaption><figcaption><span class=\"credit\">Courtesy of Corcoran Group<\/span><\/figcaption><\/figure>\n<p>As for amenities, there are only two: pets are allowed and the \u201ccommon courtyard,\u201d an outdoor space where residents on the upper floors likely dump their trash before the bi-weekly pickup.  <\/p>\n<p>Buyers looking for a one-bedroom downtown pad said they were intrigued by the listing \u2014 until they clicked on it.<\/p>\n<p>\u201cThis extremely low price obviously jumped out at me,\u201d said Phil Toronto, a 35-year-old venture capitalist.  But \u201clooking at the photos of the unit, I immediately lost interest.  This place literally looks straight out of a movie in a bad way.  I&#8217;m pretty sure this is where I&#8217;d be held if I were Liam Neeson&#8217;s long lost son in &#8216;Taken 4.&#8217;  Is that a steam pipe in the middle of the living room?\u201d <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"901\" height=\"1024\" src=\"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-street-1ll-listing-06.jpg?resize=901%2C1024&#038;ssl=1\" alt=\"195 Prince Street is a five-story residential building erected in 1920. The lower level unit has not been updated since the 1970s, according to the listing.\" class=\"wp-image-23100509\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-street-1ll-listing-06.jpg?quality=75&amp;strip=all&amp;w=1802 1802w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-street-1ll-listing-06.jpg?quality=75&amp;strip=all&amp;w=1352 1351w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-street-1ll-listing-06.jpg?quality=75&amp;strip=all&amp;w=901 901w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-street-1ll-listing-06.jpg?quality=75&amp;strip=all&amp;w=451 450w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/195-prince-street-1ll-listing-06.jpg?quality=75&amp;strip=all 1024w\" sizes=\"(max-width: 901px) 100vw, 901px\" data-recalc-dims=\"1\"\/><figcaption>195 Prince Street is a five-story residential building erected in 1920. The lower level unit has not been updated since the 1970s, according to the listing.<\/figcaption><figcaption><span class=\"credit\">Google Maps<\/span><\/figcaption><\/figure>\n<p>Eli Goodman, a 28-year-old consultant, felt the same.  \u201cI knew going into this search that finding an affordable one-bedroom in the city would be difficult, but I didn&#8217;t realize that my options would be meth dens or having dead bodies for roommates at this price point.\u201d <\/p>\n<p>Laura Lapitino, a 30-something luxury publicist who has been hunting for a downtown home for six months, said \u201cwhile $250k is by far the absolute lowest price I&#8217;ve seen for an apartment in the neighborhood, I seriously question if the place is even remotely liveable.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"792\" src=\"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/floor-plan.jpg?resize=1024%2C792&#038;ssl=1\" alt=\"With just over 600 square feet of space packed into a long and narrow unit, the basement apartment is a one-bedroom with eight-foot-tall ceilings. \" class=\"wp-image-23100545\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/floor-plan.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/floor-plan.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/floor-plan.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-recalc-dims=\"1\"\/><figcaption>With just over 600 square feet of space packed into a long and narrow unit, the basement apartment has one bedroom and eight-foot-tall ceilings. <\/figcaption><figcaption><span class=\"credit\">Courtesy of Corcoran Group<\/span><\/figcaption><\/figure>\n<p>The apartment&#8217;s listing concludes with one final selling point: \u201cAs unique as New York, a property like this must be seen to be believed.\u201d <\/p>\n<p>Toronto said he might view the property out of \u201cmorbid curiosity,\u201d but he&#8217;s unlikely to make an offer.  \u201cIt&#8217;s just gross.\u201d<\/p>\n<\/p><\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This tiny house could be Manhattan&#8217;s biggest bargain \u2014 if you can stand to live there. A 603-square-foot \u201cone-bedroom\u201d condo on Prince Street in Soho is going for $250,000, the cheapest listing in the neighborhood, where the average asking price for a one-bedroom is $1,962,452. The next cheapest Soho listing is $630,000. Situated on one &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/sohos-cheapest-apartment-selling-for-250000-with-a-catch\/\"> <span class=\"screen-reader-text\">Soho&#8217;s cheapest apartment selling for $250,000\u2014with a catch<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":18526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4],"tags":[2798,52,687,9001,1758,46,1755,4444,9002],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/floor-plan-apartment-1.jpg?ssl=1","jetpack-related-posts":[],"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/07\/floor-plan-apartment-1.jpg?quality=75&strip=all&w=1024","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/18525"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=18525"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/18525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/18526"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=18525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=18525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=18525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}