Pick a Posh Pied-a-Terre
NEW YORK (MainStreet) -- A second home? Plenty of people have second homes. Not everyone has a pied-a-terre, though -- that's for the rich.
What's the difference? Well, nothing, really. Deep-pocketed people might occupy their pied-a-terre or part-time residence for part of the week, part of the month or just for part of the year, but so might people who consider themselves firmly middle-class.
|Atop Seattle's Mosler Lofts building is a one bedroom/two-and-a-quarter-bath duplex with dramatic double-height ceilings offering taggering views of the city and Puget Sound -- perfect for a pied-a-terre.|
If there's a difference (beyond the fact one sounds fancier) it's in the details. Some people find it worth it to buy an exceedingly luxurious and comfortable apartment in a world-class city, and it's properties such as this that somehow say "pied-a-terre," not "second home" -- and properties such as this we look at today:New York City
The sky's the limit when it comes to real estate in prime Manhattan neighborhoods. In the formerly boho but now fully gentrified West Village lies a one bedroom/one bath penthouse in a full-service prewar building listed at the heart-stopping price of $5.5 million. The small entry -- less than 1,000 square feet -- does double duty as the dining room. The generously scaled step-down living room, meanwhile, has 12-feet high ceilings and a wood-burning fireplace. The kitchen, a closet-sized space off the entry and dining room, has a window providing a spectacular view of the bustling city. The lone bedroom boasts floor-to-ceiling bookshelves and a surprisingly large walk-in closet. The attached bath isn't large but does have a window -- somewhat rare in even the largest and most expensive New York City apartments. Casement-style French doors open from the living room to a 6-footwide planted terrace. The terrace itself runs the full width of the penthouse and offers panoramic views that include the Empire State Building. For information, call Chris Kann (212-893-1426) or Robert Browne (212-893-1728) at Corcoran in New York City.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV