For $18.5 Million, a Studio Where Ziegfeld Dreams Were Invented

Jan 17, 2019 · 19 comments
Allison (Richmond VA)
For 18.5, I’d expect more than 2 bedrooms.
Observer (USA)
Whiz, Wham, Whirbang & Clang being the property development arm of Dewey, Cheetham & Howe?
DS (Montreal)
It's nice but for 18 million could do better
Expat (London)
It is ironic that the current owners listed their building at $18 million based on the building's potential to expand to 12,000 - 18,5000 square feet but hoped that the new buyer would keep it in its original state. Why appeal to the potential for development then? Sheeesh!
NYC Dweller (NYC)
Not a particularly appealing place at all.
Martin (<br/>)
They weren't embarrassed about mentioning the soil from Maine? A bit precious. A lot pretentious.
Susan (<br/>)
@Martin "Organic" soil, even.
Bruce Connors (New York)
I worked in this building for twenty years with the previous owner. We had a film company with three edit suites and a sound stage on the bottom floor. We produced documentaries for New York City and the MTA, PBS and Bill Moyers, Travel films for American Express in over 25 countries, Commercials for Revlon, Jordache, Sasson, Gimbles, Arby's, and more. We often had visitors including: Al Pacino, Iman, James Woods, and Marty Bregman. It was an incredibly creative and productive location and was a vibrant part of New York City’s Film industry from the late 1960s into the 1990s. I have a lifetime of memories in this building enriched by the people that worked there. George Pitt and Burt Corman originally purchased it in the late 1960s for $25,000. Inflation???
Tony (Truro, MA.)
Ah. So this is how the world works.Nitty gritty becomes the cheap artist abode which in turn becomes the latest chic thing to acquire. Move the decimal point and write the check.
BigGuy (Forest Hills)
They're asking nearly $3000 a square foot. That's mighty high. I picture doubling or tripling the amount of space, adding in a dozen bedrooms and two studios for full time servants. Keep the kitchen and library. This place should have lots of people living and working there. Rich people to be sure, but better if they are all related. Market the 12 to 18,000 square foot mansion that is created from this property to an extended family. Inside the house, have 4+ adult married siblings living with their spouses and children and their own mom and dad and some in-law grandparents too. Make it like the mansions in Richmond Hill filled with extended Indian families or Gravesend mansions filled with Syrian Jewish families or mansions built in Kew Gardens and Forest Hills by Bukharan Jews. A lot of newly bought luxury condos in tall towers are empty of people, having been purchased to be refuges for enormously wealthy families abroad. This building should not be a refuge. It should be alive as the home for a large family.
Expat (London)
@BigGuy Living with extended family of adult siblings, their assorted spouses and children plus mom and dad and in-laws too? That's a disaster waiting to happen. Think about all the possible rivalries, resentments, jealousies and decades-long grudges! Yikes! Not all families are perfectly loved-up and happy together, you know.
BigGuy (Forest Hills)
@Expat It can be a disaster, but it can also be bliss. What it does best is give mentally disturbed and addicted adults great purposefulness. The young man who's a schizo controls his illness with drugs and helps care for Grampa. The young woman who's terribly depressed has jobs to do taking care of toddlers and Grandma.
Chicago Paul (Chicago)
Not enough natural light for me. I’ll take a pass, thanks
Lee (Pa)
Meh. Cold and stark. Not a warm, cozy and inviting space where I'd hang my hat.
Ed (New York)
"But the current owners, artists themselves, looking to spare Young’s studio from the wrecking ball, are hoping its quirky interior may be enough to deter speculators." Kind of ironic coming from someone trying to command $18 million dollars - which is undoubtedly vastly more than they paid for it. In other words, they are speculators trying to deter other speculators.
B. (Brooklyn )
A gorgeous space. Old brick is beautiful. Let's hope a moneyed person with good taste buys it and keeps it more or less as is. Or builds above without destroying the historic part.
paul (White Plains, NY)
This asking price is the definition of fiscal insanity.
Yaj (NYC)
West Chelsea is NOT a Manhattan (NYC) neighborhood. There's western Chelsea. This kind of invention again trivializes neighborhood differences in NYC. Sort of like "SoHo" being west of West Broadway; it isn't. SoHo (NYC)'s western boundary is West Broadway.
Hilary Hodus (Memphis, TN)
What a beautiful and unique space! How about making it an homage to Mr Young with some of his fantastic creations on display? Oh wait, that wouldn’t make any money and that’s the name of the game in NYC these days.