The Real Deal New York

Residential deals

January 01, 2013

Harlem
$1.7 million
1485 Fifth Avenue, Apt. 27-28A

1485 Fifth Avenue, Apt. 27-28A

Three-bedroom, 3.5-bath, 2,386 sf unit in a new construction condo, Fifth on the Park; unit has dishwasher, hardwood floors; building has doorman, pool, children’s playroom, and fitness center; common charges $1,220 per month, taxes $29 per month; asking price $1.73 million; 25 weeks on the market. (Brokers: Michael Davis, Halstead Property; Victoria Rong Kennedy, Citi Habitats)

 

Victoria Rong Kennedy

“The buyer was relocating from Pittsburgh in order to work at Mount Sinai Hospital. [The family] was looking for a condo or cond-op on the Upper East Side for under $1.8 million. They looked at the Azure at 333 East 91st Street, which they really liked, but unfortunately the square footage [of the apartment] was about 1,400. When I brought them to this one at 119th Street, everything was very comparable, but it was 2,000 square feet. They fell in love. The size rather than the location was how they made the final decision. The negotiation part took a little while, one month all told. This was because Mount Sinai was relocating them and paid for half the cost, but the building normally only allows Citibank to finance on the property. But Sinai only works with Chase. So we had to go through all this [paperwork].”

Victoria Rong Kennedy, Citi Habitats

210 East 36th Street, Apt. 10J

Murray Hill
$337,500
210 East 36th Street, Apt. 10J

479-square-foot studio in a 1961 co-op; unit has dining area, terrace, hardwood floors; building has doorman, live-in super; maintenance $903 per month; asking price $345,000; 24 weeks on the market. (Broker: James Nickerson, City Connections; Susan Goldenberg, Bond New York)

 

Susan Goldenberg

“The seller had been living in that studio for 22 years and then found a larger apartment in the building. The terrace runs the entire length of the apartment, so for its price range it was unique. Everybody loved it, but they would get to the kitchen, which was really tiny, and say, ‘oh.’ I knew eventually I would find somebody who doesn’t need to cook that much. In August this buyer came with his broker, and as soon as he saw it, I could tell he thought this was going to be his home. [The buyer’s] job is in New York City, but he travels a lot. His primary residence is near Memphis; his wife and children are still living there but will eventually be moving North. This is one of the few co-ops that allows pied-à-terres. It was a very reasonable board and he was an all-cash buyer — and he was a real nice person — so they saw the makings of an excellent neighbor. The contract was signed Sept. 7, the board interview was Oct. 9, but because of the buyer’s travel schedule we had to wait till last [month] to close.”

Susan Goldenberg, Bond New York

8-10 Warren Street, Apt. 5E

Tribeca
$2.75 million
8-10 Warren Street, Apt. 5E

Two-bedroom, two-bath, 2,100 sf unit at Trinity Stewart, a loft-style condo converted in 2007; unit has marble baths, hardwood floors, keyed elevator, central air conditioning, and exposed brick; common charges $430 per month; taxes $17,628 per year, asking price $2.75 million; two weeks on the market. (Brokers: Sean Hughes, Town Residential; Kay Moon, Bond New York)

 

Kay Moon

“The buyers expect to have a baby, so they wanted Tribeca. They started looking around [at rentals] before the summer and couldn’t find anything, so I suggested they look to buy. But the inventory is so tight that by the time they made offers on [two] apartments, they were in contract. The third time, the apartment had just come on the market that day. [The wife] saw it and she loved it. We brought the husband in the evening, and the next day we made an offer for the full asking price. It was accepted on the same day. This building has a good school [district], so they were happy with it.

Kay Moon, Bond New York

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