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New York

Fifth Ave co-op trades for $3M under ask, as fiscal cliff concerns grow

810 Fifth Avenue
810 Fifth Avenue

A co-op at 810 Fifth Avenue once owned by Nelson Rockefeller sold Thursday for $23.9 million — more than $3 million less than the original ask — to an unknown buyer, brokers familiar with the deal told the Wall Street Journal. The two-bedroom, three-bathroom, 12th-floor unit listed in 2008 for $27.5 million, but concerns over the looming fiscal cliff spurred the owner to accept a lower sale price, according to Kirk Henckels, the deal’s broker and director of private brokerage at Stribling & Associates.

According to Henckels, the deal took just 30 days to close. The co-op board at 810 Fifth agreed to a special Saturday meeting to help the buyer and sellers meet the December 31 deadline, said Frederick Peters, president of Warburg Realty.

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“The board was incredibly accommodating,” Peters said. [WSJ] —Christopher Cameron