Co-ops in the Flatiron district are not known for being quite as strict about decorum as many of the old-line establishments uptown. Though the 17-unit loft building at 73 Fifth Avenue seems to be particularly permissive. It did does, for example, frown upon pied-à-terres and the board apparently made no trouble about the event and catering business—the aptly name Party Loft—that Ilene Lander ran out of the 3,100 square-foot three-bedroom that she listed in April with Corcoran’s Howard Spiegelman and Timothy Rothman. But the place just sold for $4.45 million, according to city records. So if Ms. Lander’s neighbors suffered at all, under the scuffle of dancing feet, now might be a good time for them to launch into a celebration of their own.
(The buyer, David W. Brown, a partner at Paul, Weiss who found himself on Crain‘s “40 under 40” list this year, is all but certain to be a quieter presence in the building.)
It’s easy to see why the co-op didn’t spend long on the market. With ceilings 12 feet high, four-way exposures, interior columns and windows aplenty, the apartment serves up quintessential loft living. It’s also a very malleable—no interior wall is load bearing, so that the space can be easily customized. (Mr. Brown will probably want to do something about the master suite, which features wall-to-wall carpet suitable for a baggage claim, creepy mirrored doors and a Jacuzzi separated in no meaningful way from the bedroom.)
This is a rare instance, however, in which we can take at least semi-seriously broker babble that would otherwise read as mere salesmanship. Given the former owner’s line of work, we can believe in the “fully equipped chef’s kitchen,” and even in the “ballroom-sized living room.” (Nevermind that few New Yorkers with actual ballrooms make much use of them.)
Still, the place is not impractical. Residents of the building benefit from “ownership in two prime retail spaces” below, ensuring low monthly maintenance costs. Even if whirlpools and ballrooms were not enough, surely that little detail would have met the standards of the buyer’s no-doubt logical and judicious appraisal.