Why a Studio Apartment Should Be at the Top of Your Holiday Shopping List



A studio apartment at the Plaza.Want to splurge on a little something for yourself this holiday season? If you’re craving the gift of less space, why not put a studio apartment at the top of your list? In the second quarter of 2015, this small wonder made up 16.5 percent of the co-op market, with an average price of $380,000, and 6.7 percent of the condo market, with an average price of $652,000. But some studios sell for a lot more, particularly when they come with jingly bells and whistles. Consider the alcove studio on the market at 322 West 57th Street: It’s asking $1.09 million, at least some of which must be allocated to its killer city views. Or the $1.175 million studio at 465 Park Avenue, which has a 17-by-19-foot terrace that’s 68 square feet bigger than the apartment’s living space. And a 695-square-foot studio at the Plaza, where the average sales price is $8.6 million, is on the market for $2.137 million. But hey, it’s the Plaza. “It’s absolutely a question of status,” Douglas Elliman agent Lisa Simonsen says about buyers who purchase teeny apartments in top-tier buildings. “For many, it’s better to have a smaller slice of something extremely fabulous rather than a larger place with no cachet. Wouldn’t you settle for business class if you couldn’t afford a private jet?”

A version of this article appeared in the Holiday 2015 issue of New York Cottages & Gardens with the headline: Stocking Stuffers.

 

Edit ModuleShow Tags
Edit ModuleShow Tags
Edit ModuleShow Tags
Edit ModuleShow Tags
Edit Module
6 Juniper Point Road, Branford, CT
Classic modernism, refined materials and stunning LI Sound views imbue this steel framed waterfront property with 4 bedrooms, 4.5 baths, open floor plan, concrete radiant heated floors, high ceilings, large rooms and walls of glass. The main floor master is nearly 900 square feet with en-suite guest bedrooms, study and private in-law apartment set apart. A zen-like court-yard features a heated Gunite pool. Shoreline living at its architectural best.

6 Juniper Point Road

View more details about 6 Juniper Point Road

Edit ModuleShow Tags

Property of Note

23 Remington Road
23 Remington Road is a 2,759-square-foot home in the River Road neighborhood of Palmetto Bluff. This four-bedroom, four-and-a-half-bathroom home features a living room that effortlessly flows into the kitchen and back porch. Two gas brick fireplaces, custom molding and ample outdoor living space add a layer of charm. Conveniently located, this home is within walking distance of an amenity center and the River Road Preserve, a 120-acre protected maritime forest.



View more details about 23 Remington Road

Edit ModuleShow Tags

Property of Note

Historic Wyndecote
Built in the heyday of 19th century Hamptons summers, Wyndecote has been meticulously renovated for which John David Rose won the 2018 AIA Peconic design award for outstanding achievement in historic preservation. The home offers ten bedrooms, eleven baths, three half-baths, and seven fireplaces. Among the refurbished and reinstalled elements are the 70+ “lead” paned windows. Wyndecote was built originally by noted owner-architect Robert H. Henderson, and hosted the Duke of Windsor and the King of Spain among its guests.

Sotheby's International Realty

View more details about
354 South Main Street

Edit ModuleShow Tags

Property of Note

248 Gay Street, Sharon, CT
Expansive & protected western views from this 5BR, 5BA completely renovated home on 18 acres in Sharon, CT. Kitchen, Dining, and Family Room open to an enclosed porch with distant views. Living Room w/fireplace overlooks pastoral views and pond. First-floor master suite with fireplace. 3 Upper BRs and 2 Full BAs. Guest suite w/ full BA & separate entry. Bonus Room in Basement. Heated Gunite Pool. Privately situated.



View more details about 248 Gay Street
Edit ModuleShow Tags Edit Module

Edit ModuleShow Tags
Edit ModuleShow Tags Edit Module
 
Edit ModuleShow Tags
Edit ModuleShow Tags
Edit Module