As we wrote when #401 hit the market in September 2008 asking $1,150,000: constructed as the Cape Horn Warehouse in 1892, and converted into the Cape Horn Lofts by Thompson Brooks and Pfau Architecture in 1997, 540 Delancey is now home to fifteen upscale “loft type” condominiums.
It was sixteen condos before units #402 and #403 were combined to form a 2,900 square foot unit with over 1,000 square feet of outdoor space. In contract (and so noted) at the time we profiled #401, 540 Delancey #402 sold for $3,100,000 in October 2008.
If you’re still kicking yourself for missing out on #402 in 2008, you can now stop. It’s back on the market today and asking $2,995,000. And as plugged-in people know, 540 Delancey #401 ended up selling for $925,000 in December 2009.
UPDATE: We should also note that 540 Delancey #402 had been on the market at the end of 2009 asking $3,295,000.
The seller here is currently in contract for the Jim Jennings unit on Tehama.
After 100 days on the market at $2,995,000 the listing for 540 Delancey #402 has been withdrawn from the MLS without a reported sale. Once again, purchased for $3,100,000 in October 2008.