Flatiron Loft Sells for $7.6 Million, More Than Double its 2010 Price Tag

Posted On Tue, August 26, 2014 By

Posted On Tue, August 26, 2014 By In Flatiron, Interiors, Recent Sales

It’s not often a flip yields a $4,655,000 profit in just four years, but that’s exactly what happened at the 10th-floor loft at 17 West 17th Street. The full-floor Flatiron apartment sold in 2010 for $3,095,000, but was a massive, raw studio at the time with only one bathroom and no formal kitchen. It’s now a true four-bedroom space with three additional bathrooms and a clear definition of rooms. The intensive renovation paid off, netting previous owner Peter Vogelsang, a lawyer with the Alberleen Group, an impressive $7.6 million, according to recent city records.

17 West 17th Street, Flatiron real estate, Flatiron loft, million dollar listing

Located on the 10th floor of an 11-story, 1915 industrial building, this 4,600-square-foot loft features 11-foot ceilings with oversized tilt-turn windows that showcase northern, southern, and western views. The 82-foot-long living/dining/kitchen area offers plenty of space for entertaining.

17 West 17th Street, Flatiron real estate, Flatiron loft, million dollar listing

The centrally located Valcucine kitchen has book-matched Calacatta marble countertops with Subzero and Miele appliances. Throughout the home are hand-planed, solid walnut floors.

17 West 17th Street, Flatiron real estate, Flatiron loft, million dollar listing

The bedrooms are separated from the main living space and are just as spacious as the rest of the home. In the master suite, a wooden divider acts as a secondary headboard and a book shelf on the reverse side. It also divides the sleeping area from the adjacent office.

Other enviable features in the loft include a private keyed elevator, 18-foot storage and utility room with vented Miele washer and dryer, radiant floor heating, Lutron lighting control, five-zone heating and air conditioning, and glass-tiled bathrooms. That steep profit is making sense now, huh?

[Listing: 17 West 17th Street, 10th Floor by Douglas Elliman]

Photos courtesy of Douglas Elliman

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Neighborhoods : Flatiron

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