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December 22, 2009

Marquee Lofts Unit Sees Semi-Sweet December Sale


Last sold for $1.4M in November 2004, 151 Alice B. Toklas Place #702 closed escrow last week for $1,330,000.

The 2300-square foot, 2BR/2.5BA unit with two parking spaces is located in one of my favorite buildings, and was designed by noted architect Stanley Saitowitz. Unit 702 is the product of two units joined together, and has 13-foot ceilings, panoramic views, and great natural light.

There are two master suites that have “disappearing” pocket doors (see above photo). And the unit was used in the Keanu Reeves/Charlize Theron film “Sweet November” back in 2001.

#702 was initially listed back in March 2009 for $1.8M, and saw a series of price reductions that led to the final $1,330,000 sales price. So the seller did take a hit in price. But given the limited number of buyers who can afford a loan on a $1M+ property these days, all parties should be quite satisfied.

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