Residential Deals

Financial District
$385,000
1 Wall Street Court

Studio, one-bath, 367 sf condo unit in a 15-story doorman building; apartment has open kitchen with stainless steel appliances, glass and walnut-finished cabinetry and Italian porcelain tile floors; building has roof terrace, concierge and party room; common charges $450 per month; asking price $399,000; 150 days on the market. (Brokers: Ryan Stenta, Keller Williams NYC; Piero Massimino, Vivaldi Real Estate)

“The apartment had served as a downtown pied-à-terre, then an investment property, for Helen Little, a well-known New York City radio personality [on 106.7 Lite fm]. She was tired of being a landlord and decided to sell. The apartment was marketed as an investment, in large part due to the 421-G tax abatement that will hold the tax amount at zero for nearly five more years, yielding a 5 percent cap rate for an all-cash purchaser. Sure enough, this caught the eye of a broker who specializes in finding suitable investments for European buyers. The apartment was purchased by one such investor sight-unseen, except for a virtual video tour we prepared for him. It was really all about the cap rate for him.”

Ryan Stenta, Keller Williams NYC

Brad McAtee

Gramercy Park
$574,500
207 East 21st Street

One-bedroom, one-and-a-half-bath, 800 sf co-op unit in a five-story, 40-unit building; apartment has exposed brick, hardwood floors and a home office; building has live-in super and laundry facilities; maintenance $983 per month; asking price $579,000; one day on the market. (Brokers: Jane Powers, Prudential Douglas Elliman; Brad McAtee, Miron Properties)

“The buyer of this apartment is a college friend of mine. She was very determined and had her heart set on finding the perfect place that she could call home. She was looking for a nice one-bedroom with some charm and was open to all areas, [but] mainly downtown. After viewing more than 20 places and actually having the contract in hand for another [apartment], we found this gem, located just down the street from Gramercy Park. She fell in love instantly. There was an open house that day and we heard some other people were [interested]. We beat them to it — we were the first offer in, and we had an accepted offer within an hour of seeing the place. With the apartment being on the market less than 24 hours, both the buyer and seller were happy to come to an agreement so quickly. We had a couple kinks with the mortgage company, [but] both parties were happy to close on the property and not have to worry about it anymore.”

Brad McAtee, Miron Properties

Sabrina Radoncic

Upper West Side
$2.12 million
60 Riverside Boulevard

Two-bedroom, two-and-a-half-bath, 1,429 sf condo unit at the Aldyn, a 40-story new development; apartment has Hudson River and skyline views, glass-walled great room, Brazilian cherry floors; building has 24-hour doorman, indoor pool, spa, rock-climbing wall, basketball and squash courts; common charges $1,665 per month; taxes $55 per month; asking price $2.12 million; 185 days on market. (Brokers: Fred Haney and Sabrina Radoncic, Corcoran Sunshine Marketing Group.)

“The proximity [to Lincoln Center] was the deciding factor for the buyer, who [plays] the oboe with the New York Philharmonic. [His uncle] purchased the unit directly beneath him at the same time. The buyer and his family, Chinese citizens, were attracted by the ease of purchase in a new [condo] for buyers of second homes or investments. This enabled them to move from accepted offer into contract relatively quickly, and they were able to settle into the building in time for the Chinese New Year on Jan. 24, which the buyer celebrated with a performance at Avery Fisher Hall. Without a doubt, music to everyone’s ears.”

Sabrina Radoncic, Corcoran Sunshine