Newsspot – A Manhattan Eden, for $331.76 a Month

I thought I’d share this, purely because I just love looking at living space sometimes, and the market in these days astounds me. Just the other day I was looking at a mansion in San Francisco, and I have to admit, it was quite impressive! So, take a look at the post and look at these ‘Manhattan Edens‘!

THE APPRAISAL

A Manhattan Eden, for $331.76 a Month

Suzanne DeChillo/The New York Times

A rent-controlled apartment at 38-42 Commerce Street in the West Village. Arnold Warwick, seated, pays $331.76 a month for 1,200 square feet.

By ELIZABETH A. HARRIS
Published: January 23, 2012

Janio Marrero is a very lucky man. As facilities manager and technical director at the Cherry Lane Theater, Mr. Marrero can rent a lovely apartment above the theater at a discount — a serious discount. For the West Village one-bedroom with exposed brick and wide-beam floors, he pays $750 a month.

Yes, it is the stuff that dreams, and apartments on the television show “Friends,” are made of. But compared with what his neighbors pay? Meh.

Just across the hall, a tenant named Arnold Warwick, who has had the same address for a half-century, pays $331.76 a month.

“I don’t plan on dying because I don’t want to give up a rent-controlled apartment,” said Mr. Warwick, who is 80. “I pay so little I’m almost embarrassed.”

In New York City, there is no shame in forking over thousands of dollars a month to live in somebody’s basement or crawl space. This unfortunate hiccup in the magic of the city makes the 16,000 remaining rent-controlled units in Manhattan mouthwatering in almost any context.

Cheaper apartments than the ones above the Cherry Lane do exist in the five boroughs, and a few of them even rent for less than three figures. But Mr. Warwick’s apartment, which has four small bedrooms built up around a wide-open living room, isn’t just cheap. It is also a fabulous apartment.

With 11-foot ceilings, exposed brick walls, piles of hardcover books, and views of chimneys and water towers, it is a 1,200-square-foot monument to the Greenwich Village of our fantasies.

His home is nestled on Commerce Street, a windy little road that stood in for Paris on the series finale of “Sex and the City.” A two-bedroom apartment in that area rents for an average of $4,745 per month, according to the brokerage Citi Habitats. And just down the block at 17 Commerce Street, a 2,200-square-foot federal style town house is currently for sale for $4.975 million.

Yet in Mr. Warwick’s apartment, where he raised three children with his late wife, Jane, you can still catch a whiff of the neighborhood’s arty past, long since subsumed by financiers and millionaires. It wafts up the stairs from the theater below.

To take a look at the rest of the article, and finish what you started, look here: NY Times – A Manhattan Eden, for $331.76 a Month

I’ve attached some more articles below for your reading pleasure, and I’ll be posting a photo of the day soon. I’m sorry for the lack of posts today, too. I was meant to post some in the the morning, but for some reason my alarm decided that eight was a better time than six-thirty.

 

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