BrickPicks: Midtown pre-war one-bed, $425k, $60k below 2007

By A. Ready | December 8, 2010 - 11:20AM

This one-bedroom, one-bathroom at The Aldon (200 West 54th Street, between Seventh and Eighth Avenues) boasts a brand-new kitchen with Viking range and a renovated bathroom. Initially listed in January at $549,000, it is now offered at $425,000 after a change of broker and a couple of price reductions. That's $60k less than it last sold for in June 2007 for $485,000. According to StreetEasy.com, about 80% of Midtown one bedrooms are more expensive.

While this third floor apartment lacks views, it has remarkable looking honey-comb plaster ceilings, detailed moldings and parquet floors. Both the kitchen and the bathroom are windowed, and there are three closets. Maintenance is on the high side, at $1,067, but that includes electricity. The Aldon is a full-service building that welcomes pets.

BrickPicks is A. Ready's weekly independent selection of an apartment that she believes reflects good value given current market conditions. It is not an advertisement for the property, nor is it paid for by the brokerage mentioned.

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