The Real Deal New York

Walker Tower unit flips for $2.9M profit

February 09, 2014 03:00PM

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Unit No. 11E in Walker Tower

Unit No. 11E in Walker Tower

WEEKENDEDITION Walker Tower just got its first successful flip, and at $2.9 million, the profit wasn’t bad.

In December, seller Burt Freiman purchased a unit in Walker Tower for just over $5 million. Within a week the 2,179-square-foot, two-bedroom, two-bathroom unit was back on the market. Now the unit has sold for $7.775 million, according to Curbed.

The apartment, which Freiman had never even set foot in, was on the market for a mere three weeks. In fact, the unit went into contract in early January, with the buyers approaching broker Reba Miller of CORE.

According to Curbed, Freiman, a retired businessman, previously purchased a sponsor unit in 15 Central Park West for $4.9 million that he later sold for $7.6 million. [Curbed]Christopher Cameron

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