650 Delancey #111
As plugged-in people know, the litigation that has been hanging over the Oriental Warehouse (650 Delancey) has recently been settled paving the way for a plurality of new listings, the latest of which is number 111 listed for $1,095,000.
Purchased for $995,000 in June 2005, the sale won’t be apples-to-apples as the 1,554 square foot two-bedroom loft has since undergone a “stunning remodel” which included “only the very finest of finishes” in the kitchen (Wolf stove and Advantium oven) and baths (slate, Toto toilets, and “low voltage warm floors w/ their own thermostat[s]”).
650%20Delancey%20%23111%20Kitchen%20After.jpg
Said kitchen before:
650%20Delancey%20%23111%20Kitchen%20Before.jpg
∙ Listing: 650 Delancey Street #111 (2/2) 1,554 sqft – $1.095,000 [MLS]
The Clouds Have Almost Cleared From Over The Oriental Warehouse [SocketSite]
The Oriental Warehouse (650 Delancey) [SocketSite]

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Comments from “Plugged-In” Readers

  1. Posted by Dan Clark

    It will be interesting to see what effect this has on #213, which has been on & off the market since Sept. 2008. #111 is asking $705/sf, #213 is at $856.

  2. Posted by Thomas Crane

    Truly interesting to note how much prices have inflated.
    From Redfin price history
    Property History for 650 Delancey St #111
    Date Event Price Appreciation Source
    Dec 03, 2010 Listed $1,095,000
    Jun 03, 2005 Sold (Public Records) $995,000
    Apr 15, 1997 Sold (Public Records) $392,000
    Clearly we had some retreat but not enough in my opinion. Can imagine more than 500K at best.

  3. Posted by Robert

    I would buy at $500k.

  4. Posted by The Milkshake of Despair

    Robert – Are you the same Robert who used to post items like this ?
    If so, welcome back !

  5. Posted by John

    Does the kitchen really count as remodeled?

  6. Posted by G

    Kitchen is ugly!
    Barely remodeled.

  7. Posted by SocketSite

    The sale of 650 Delancey #111 closed escrow today with a reported contract price of $1,032,500 ($664 per square foot).
    Once again, purchased for $995,000 in June 2005 but them remodeled with high-end finishes in the kitchen (Wolf stove and Advantium oven) and baths (slate, Toto toilets, and low voltage warm floors with their own thermostats).

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