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The Machinery Exchange, 136 Baxter Street, #PHA

$5,995,000 ($2,328 per ft2) | 3 beds, 3.5 baths | Approx. 2,575 ft2
Building Profile  | 
63 days on Market

Key Details

  • Listed: Sep 19, 2024
    Days on Market: 63
    Building Type: Condominium
    Neighborhood: NoLiTa/Little Italy (Manhattan)
Monthly Common Charges: $2,988
Monthly Real Estate Taxes: $3,717
Total Taxes & Fees: $6,705 ($2.60/ft2)
Est. Monthly Mortgage: $31,811
Total Est. Monthly Carrying Cost: $38,516 ($14.96/ft2)
Note: the above is based on a down payment of 20% ($1,199,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location and History: This unique property is located in the vibrant NoLiTa/Little Italy neighborhood, within a historic building that was originally a horse stable for the Famed Police Building, now reimagined by Gallerist turned developer, Max Protetch.
  • Design and Features: The home is a unique combination of pre-war loft and modern glass design, boasting high 10’2" yellow pine ceilings, white-washed masonry walls, original timber beams, and oak floors. It also features a wood-burning fireplace in the proper living room and a large terrace with impressive indoor/outdoor flow.
  • Space and Layout: The property offers three generously sized bedrooms, including a massive principal suite, with the potential to convert to a four-bedroom layout without losing flow. It also includes a formal dining area and a large kitchen with an eat-in breakfast bar.
  • Bathrooms and Laundry: The home includes three full bathrooms and a powder room, perfect for guests and hosting. Additionally, it has a full laundry room for added convenience.
  • Building Amenities: The building offers a full-time resident manager, 24-hour virtual doorman, and deeded storage, ensuring a comfortable and secure living experience.
  • Accessibility and Proximity: The property is in close proximity to dining establishments, downtown gallery scene, and public transportation including subway, making it a perfect choice for those who value convenience and a vibrant lifestyle.

Description

A rarely available combination of pre-war loft and glass modernism, Penthouse A at 136 Baxter Street is a highly private duplex bathed in sunlight on one of downtown’s most exciting, yet under-the-radar, blocks. With a large terrace that runs the entirety of the great room, the upstairs level has an impressive indoor/outdoor flow. The layout allows for a formal dining area, in addition to a proper living room, anchored by the wood-burning fireplace.

Downstairs, 10’2" yellow pine ceilings, white-washed masonry walls, original timber beams, oak floors, and three generously sized bedrooms - including a massive principal suite - create a pre-war sanctuary. At almost 2,600 square feet of interior space, this three-bedroom penthouse can easily convert to a comfortable four-bedroom without losing flow. Available for the first time in over ten years, Penthouse A is a rare opportunity to own one of only two penthouses in the building. Enter on the upper level - there is a separate entrance on the lower level as well - into the great room, which greets you with its wall of east-facing windows and sliding glass doors that look over the 675 square foot terrace.

The large kitchen has an eat-in breakfast bar that opens into the space. Two sliding glass doors create easy flow to the terrace, which itself has multiple seating areas and offers eastern and southern city views. A powder room upstairs makes the home perfect for guests and hosting. The stairs to the lower level are unobtrusive in the northern corner of the home.

Downstairs you’ll find the private quarters: three bedrooms, two of which have en-suite bathrooms, plus a third full bathroom and a laundry room. The stately timber beams create structure to this space, while the white-washed brick walls hint at its century-old character. The principal bedroom is enormous, and includes two large steel-framed east-facing windows looking out over Baxter Street.

It includes two large closets and an en-suite bathroom with a double vanity and separate soaking tub. The second bedroom also faces east and has two closets, in addition to an en-suite bathroom. The final bedroom connects to a full bathroom in the hallway, where there are two more large closets.

136 Baxter Street, known as the Grand Machinery Exchange, is a former horse stable for the Famed Police Building, perched at the nexus of Lower Manhattan. Built in 1915, this 12-unit boutique condominium was reimagined by Gallerist turned developer, Max Protetch, and is currently maintained by a full-time resident manager who accepts packages, a 24-hour virtual doorman and deeded storage. Neighborhood highlights include the 11 Howard Hotel around the corner, as well as dining establishments like La Mercerie, Smile to Go, Sant Ambroeus, Jack’s Wife Freda, and Eataly.

Also within close proximity is Walker Street, the centerpiece of a burgeoning downtown gallery scene.

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Apartment Amenities

  • Eastern Exposures
Listing courtesy of Compass

Pricing History

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About The Machinery Exchange, 136 Baxter Street

75

The Machinery Exchange, 136 Baxter Street has received a CityRealty Rating of 75, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

25
Out of 44
+
25
Out of 36
+
17
Out of 39
+
8
=
75
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
Attractive 4 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unrelated Base 0 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
2 4 out of 5 points
Ceiling:
11-14 Feet 3 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Pre War
  • Elevator

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Pros
  • High ceilings
  • Close to Chinatown
  • Good public transportation
  • One block north of Canal Street
  • Wood burning fireplace in penthouse
  • Subzero refrigerators
  • Former Police Department stable
  • Golden pine ceilings
  • Close to Subway
Cons
  • No sidewalk landscaping
  • No roof deck
  • No garage
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Subways

  1. J
  2. Z
  3. N
  4. Q
  5. R
  6. 6
at Centre 0.07 miles
  1. B
  2. D
at Chrystie 0.27 miles
  1. A
  2. C
  3. E
at Thompson 0.37 miles
  1. 1
at Varick and North Moore 0.43 miles
  1. 4
  2. 5
at Lafayette and Duane 0.45 miles
  1. M
  2. F
at Houston 0.48 miles

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