The Times ran an article about ‘How to spot a good deal’ on Sunday. They compared the prices of five units on the market in five different areas of the city. Here is the Hudson Heights property profiled in the article.
Photos by Chester Higgins Jr./New York Times
HUDSON HEIGHTS
In 2003, Arlaina Tibensky and her husband, Mark Edgar, bought a one-bedroom apartment on the fifth floor of 17 Chittenden Avenue, a prewar elevator building in Hudson Heights. It’s about 800 square feet, with maintenance charges of $855 per month, plus a $114 monthly assessment. They are asking $379,000, or $471 per square foot.
The apartment has a sunken living room, original details and a view of the George Washington Bridge from the bedroom. But Ms. Tibensky, 36, a writer and a founder of an organization for writers with children called Pen Parentis, and Mr. Edgar, also 36, a chemical engineer, share that bedroom with their 2-year-old son, Adam. And now Ms. Tibensky is six months pregnant.
“Mark and Arlaina are expecting a second one in a one-bedroom,” explained Simone Song, a principal broker at Simone Song Properties, “so they needed to price this competitively.”
Two other one-bedroom apartments are for sale in the building, according to StreetEasy. Both are a bit smaller and both are asking a higher price. “We bought long enough ago,” Ms. Tibensky said. “We can be a little more flexible.”
VERDICT: A DEAL
Posted on June 21, 2009 by D. Bell