Rarely do you find a broker with as much knowledge about an apartment as Town Residential’s Paddington Matz has on a full-floor spread she’s marketing at 288 West Street, a loft building dating back to 1860. Not only has she sold the unit four times over (she’s trying now for a fifth), but the first time she sold it, she actually owned it.
“It was the first loft I’d ever bought,” she told The Observer of unit #2W at the Medium Lipstick Building, as it’s known. “I bought it in 1996 for $155,000.” It had been on the market for double that, but this was before Tribeca became the hot neighborhood that it is today. “Back then there wasn’t even a promenade,” said Ms. Matz. “There was a cheapo parking lot on the West Side Highway across the street. It had no services whatsoever—the only grocery store was a Food Emporium.” (Today, said Food Emporium faces competition from a gleaming new Whole Foods just a few blocks to the south.) Read More