Lowest PPSF in the Trees

By Dave Fratello | June 11th, 2009
To celebrate a new price reduction, the listing language for 728 26th now declares:
Lowest price-per-square-foot in Manhattan Tree Section!
Well, no.

With a total of $300k in chops to date, 728 26th is still very pricey ($2.665m), but it's also extremely big for the Trees – 5br/5ba, 4760 sq. ft. on an unusually large 7000+ sq. ft. corner lot.

Those numbers yield $560/PSF, and while that's something, it's not the lowest in the Trees.

A quick glance at Tree Section data indicates that at least 10 active listings have a lower PPSF. Here are the 3 lowest:
  • The very lowest PPSF among actives ($357/PSF) is at 3309 Pacific, the odd and long-snubbed mid-century A-frame house near the refinery. (It's "DOM Champ" for the Trees, too, a dubious distinction.)
  • Not much higher ($371/PSF) is the somewhat more desirable home at 629 36th, a lender-approved short sale that recently returned to the market priced at $1.299m. (See "Tough Deals.")
  • Third-lowest ($406/PSF) is a nifty home just west of Blanche, also on 36th – a new listing at 590 36th (5br/5ba, 4300 sq. ft.) (pictured). Actually this one is returning after several months off – they tried last year for $1.989m, and are back at $1.750m.
The listing language for 590 36th says:
Absolutely one of the best priced homes per sq ft in Manhattan Beach!!
Now that's a fair way to say it.


UPDATE: With the return to market Thursday of 3210 Ardmore, at $408/PSF, this story was updated to reflect 10 listings, rather than 9, with a lower PPSF than 728 26th.

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