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Soho Relocation Services
The basics: Fabulous young couples,
wealthy singles, and ex-suburbanite empty-nesters long ago took over Soho
from the artists. As a result, just about every boutique on Madison Avenue
has opened a downtown satellite. Even Bloomingdale's is here. Crowds can
be overwhelming on the weekends, says resident Linda Erman. "But during
the week, it's still wonderful."
What's new: There isn't much left to develop, but the area has seen a few recent conversions. The six-story cast-iron building at 419 Broome Street, near Crosby, houses three 4,400-square-foot lofts. The townhouse condos at 175 Sullivan Street have working fireplaces and terraces. And 388 West Broadway has five sweet full-floor lofts with great understated bathrooms. Bargain hunting: The tenement-style buildings on Thompson and Sullivan Streets hold modest studios and one-bedrooms. Also, look below Broome Street and east of Broadway. Prediction: Soho is premium turf now, the kind that holds its value over the long term. But the past years have been rough, especially in the $2 million-and-up range, and it'll take time for that segment to recover. |
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