The Real Deal New York

At $42 million, broker says buyers scarce

June 16, 2010 11:35AM
By Amy Tennery

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alternate textThe apartment at 990 Fifth Avenue and agent Lois Nasser

A 7,500-square-foot co-op hit the market yesterday at 990 Fifth Avenue on the corner of 80th Street for $42 million. The triplex unit is being marketed by Sotheby’s International Realty agent Lois Nasser, who is a long-time friend of the seller, whom Nasser would not identify by name.

The five-bedroom, five-bathroom unit includes a 1,200-square-foot terrace, five fireplaces and views of Central Park.

Nasser said the unit was on the market several years ago, but was later taken off.

Although the seller’s previous effort to sell the apartment was thwarted, Nasser said that the current owner is willing to wait for an aggressive offer.

“I wouldn’t call [them] a highly motivated seller,” Nasser said. The owner is willing to “wait for the right [buyer] to come along and pay the price.”

While Nasser said that she’s received queries from other brokers about the listing (none of whom she was willing to name), she conceded that she might be waiting on an interested party for a while.

“At this price,” Nasser said, “there aren’t that many buyers.”

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