Friday, August 28, 2009

$2.7 Million Slice of Life

So narrow, this little house at 75 1/2 Bedford St. in Greenwich Village, New York, carries only half a street number. At it's widest point, it is just under 9 feet inside; with the narrowest point down to 2 feet. This 3-story brick job is only 30 feet deep (contrary to the 42 feet as reported by AP in the story - below).

But -- surprise! -- this 1873-built gem just went on the market for $2.7 million. It last sold in 2000 for $1.6 million (Click to See Full Story).

Who said there was a collapse in the housing market!

Just like all those super-thin supermodels, this thing just proves that skinny can make you money. As "skinny", Paris Hilton, always says: "It's Hot!"

Here's a great 2004 Village Voice story that really talks at length about this "skinny" house with the not-so-skinny price (Click to See Full Story).

As you can see, the price is based on the uniqueness and the historical "rareness" of this place and not just the "space" it provides.

I'm now trying to see if I can "squeeze" my one-story ranch into a three story jewel like this one. Maybe, then, I can recover from all the losses that I've taken in the last year and a half with the housing crash. In Las Vegas, a 3-story, 3o x 9 foot house, like that one, would certainly be unique. In terms of historical value, my current house would probably qualify. In Vegas, almost anything that is older than a few years gets "imploded" and rebuilt as something bigger and better.

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