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At 1080 Chestnut Street, Mid-Century Modern Needs Love

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We love the 1080 Chestnut Street building, but probably for the wrong reasons- the simple bands of aluminum windows, the apartment's North and South exposures and big city and bay views, the slightly-flashy elevator bank out front. Inside, the detailing is flat and austere. In other words, it's a 14-floor stack of apartments out of a Richard Neutra playbook. With 2-beds and 2-baths, Apartment 10A came on the market late last week asking $1,695,000, and while the kitchen and baths may need some rethinking- and cash- it hasn't been given crown moldings and a Tuscan kitchen, like so many other units in the building.

The building's not by Neutra- he may be worshipped in LA but his version of the International Style's not so popular here, which is probably one reason the units sell so slowly. It's a co-op, meaning your purchase has to be approved by other residents, and what you're buying is stock and a proprietary lease which most likely includes financing and sublet restrictions. Plus high monthly HOA dues of $1,670. That said, the best recent example of the building's Mid-Century vibe was 9B, in vintage condition, which closed earlier this month after more than a year on the market and $139,000 under its original asking price. It still had the original kitchen.
· 1080 Chestnut Street, 10A [Redfin]
· 1080 Chestnut Street, 9B [Redfin]