Tribeca
261 Broadway
Two-bedroom, two-bath, 1,285 square-foot co-op
Asking: $705,000. Selling: $660,000.
Maintenance: $941; 50 percent tax-deductible.
Time on the market: two months.

“I think this building is a bit of a sleeper,” said Coldwell Banker Hunt Kennedy broker Deborah Gimelson. IN fact, since 1995, when the city started offering tax incentives to developers to convert vacant office space in this part of lower Manhattan into apartments, the mini-boom in development has not attracted major attention. But with outrageous prices in almost every other part of town, brokers are seeing interest – even near City Hall, a once-marginalized downtown neighborhood. This apartment, near Warren Street and directly across from City Hall, was typical of many in the neighborhood, said Ms. Gimelson, who represented the seller. “This is by no means a bright apartment,” she said. “In fact, it was really dark, and it was really for someone who was looking for space in that part of Tribeca, near Wall Street and City Hall.” The buyers considered the move carefully, working with Alex de Bordes of Eychner Associates for two years before deciding on this place. “And they weren’t too quick to go in on this deal, either,” added Ms. Gimelson. The apartment was in move-in condition, and a well-planned master sutie with its own bathroom and great closet space are the main attractions. But the clincher was the competitive price and a small brick terrace perched on an outcropping of masonry detail. “[The seller] had it marvelously planted,” Ms. Gimelson said. For more outdoor space, the building offers a large, well-designed roof deck.