Price Fix: The Gut-Renovated Tribeca Loft

Homeowner Iris bought two apartments at a real estate auction in 1992 and spent roughly $500,000 to turn the two units into a contemporary, 2,500-square-foot loft. She thinks her residence is worth $4 million in a “perfect world,” but wonders what’s the right price for the current market. Real estate mogul Barbara Corcoran weighs in with her advice.