Across from Ponce City Market, authentically old loft soars to 40 feet, asks $349K

The catch is 680 square feet and a single bedroom, but an enormous back patio comes with

By Josh Green@JoshGreen1234 Oct 31, 2019, 11:53am EDT

The inside of a soaring loft with brick walls and huge industrial windows. — No shortage of headroom at the Troy Peerless building.

Neighboring Ponce City Market and so many new apartment hubs, the Troy Peerless Lofts building stands along Glen Iris Drive like a 90-year-old anchor for Old Fourth Ward history.

The Isaac Moscowitz-designed building began life as a laundry in 1929 and now offers 32 units about as endearingly raw as it gets outside Castleberry Hill.

Proudly embracing that rawness is unit 21, a loft at the back of the building loaded with exposed old brick, huge industrial-style windows, and a private patio like few would expect. Ceilings climb between 30 and 40 feet.

It listed a few days ago with Atlanta Fine Homes Sotheby’s International Realty for $349,900.

An old brick building fronting a busy street with “Troy” written across the front. — The commendable 650 Glen Iris Drive NE exterior, which faces PCM.

Given the location and O4W’s outlier status in terms of price appreciation, the ask could induce cartwheels among intown condo hunters.

But the footprint, by Atlanta standards, is relatively tight at 680 square feet, and the upstairs loft is the lone sleeping quarters.

Elsewhere the property does have a bathroom and a half, a private direct entrance, included on-site storage, and a designated, gated parking space. The building counts a rooftop hangout, a gym, and communal lounge.

HOA fees are listed at a non-soul-crushing $257 monthly. Cable and internet, as the listing specifies, are included.