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Commercial Real Estate

D Sale of the Week: The Drexel Montane

Here’s how to get lots of flash for not too much cash. The Drexel Montane, in State Thomas, houses some of the best condo buys in town. Think Ritz-Carlton finish-outs for $195 per square foot.
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photography courtesy of the Drexel Montane

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photography courtesy of the Drexel Montane
The Drexel Montane (2848 Woodside St.), in State Thomas, houses some of the best condo buys in town. Unit 205 is a three-bedroom, three-and-a-half-bath corner unit on the second floor with private elevator, three fireplaces (how cozy), four balconies, crown moldings, 10-foot ceilings, concierge, and travertine and wood floors—all just a short drive from the Crescent, where owners can obtain health club memberships. These boutique units have all the flash and amenities of the rich kids down the block—Azure, Ritz-Carlton, W—for a whole lot less. HOAs are currently running .32 per square foot under the management of Worth Ross and Associates. Saucy neighbors: the building is a kind of quiet hideout for many local sports pros and, until recently, Mi Cocina founder Mico Rodriguez. Must be those private elevators—a Drexel signature. Unit 205 has been reduced from $517,900 to $497,500, so the seller is very motivated—which he has to be, because there are plenty of other units available in this class-act building.

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