Residential deals

November 01, 2009 12:00AM

Manhattan

East Village
$499,000
55 Avenue C


3-bedroom, 1-bath, 650 sf co-op in a prewar, walk-up building; unit has high ceilings, hardwood floors, windows in every room; building has bicycle room, garden; maintenance $300; asking price $529,000; 25 weeks on the market. (Brokers: Fumiyo Hayashi, Barak Realty; Richard Lech, Prudential Douglas Elliman)

"It was sort of a classic clashing of the worlds because this was one or two families who had been living down by Avenue C for many, many years. They had bought the apartment for $250 and they ended up selling it [for almost $500,000] to an investment banker. It was almost like a snapshot of what has happened in the area over the past 25 years."

--Richard Lech, Prudential Douglas Elliman

Lower Manhattan
$885,000
15 Broad Street


970 sf alcove loft in full-service condo conversion (Downtown by Starck); unit has northern city views; building has health club, pool, indoor basketball and squash courts, bowling alley; common charges $736; taxes $1 (abated for nine years); asking price $995,000; 24 weeks on the market. (Broker: Ariel Cohen, Prudential Douglas Elliman)

Midtown West
$765,000
305 West 52nd Street

2-bedroom, 1-bath, 1,150 sf condo in a luxury low-rise postwar elevator building; part-time doorman; unit has beamed ceilings, hardwood floors, large sunken living room off an entry foyer; building has garden, laundry room, private storage; common charges $814; last listing price $849,000; 28 weeks on the market. (Broker: Elliot Adler, City Connections Realty)

"The buyer is a fellow from Taiwan. He's a textile trader and he goes back and forth constantly -- he wanted a permanent residence in New York. He was only looking for condominiums and only in that area, so we found exactly what he wanted. For this apartment for that price it was a good deal, very much below market."

--Elliot Adler, City Connections Realty

Upper East Side
$880,000
240 East 76th Street


2-bedroom, 2-bath, 1,100 sf condop (the Eastmore); doorman; unit has been gut-renovated, soundproofed walls, wired for surround sound throughout; building has roof deck, garage, laundry room, bike room; maintenance $1,538; 56 percent tax-deductible; asking price $899,000; 32 weeks on the market. (Broker: Karin Posvar-Picket, Corcoran)

Upper West Side
$2.5 million
23 West 73rd Street


3-bedroom, 2-bath, 1,500 sf co-op in a prewar building (the Park Royal); doorman, concierge; unit has private terrace; building has New York Sports Club access through lobby; maintenance $3,162; 57 percent tax deductible; last listing price $2.595 million; six weeks on the market. (Broker: Ric Swezey, the Corcoran Group; Carol Levy, Carol E. Levy Real Estate)

Upper West Side
$250,000
66 West 84th Street


200 sf, studio co-op in prewar building one block from Central Park; unit is fully renovated with hardwood floors, oversize windows and high ceilings, California kitchen with granite countertops and stainless-steel appliances; common charges $425; 49 percent tax-deductible; asking price $259,000; 28 weeks on the market. (Broker: Terry Lovett, Time Equities)

"It was an especially small space, so kind of a hard sell, but we found a young girl who was very, very happy because it was less for her to clean." Terry Lovett, Time Equities

Brooklyn

Fort Greene
$325,000
361 Clinton Avenue


1-bedroom, 1-bath, 750 sf co-op in prewar building; 24-hour security; unit has renovated kitchen and separate dining area; building has laundry and storage facilities; common charges $769; 35 percent tax-deductible; asking price $350,000; two weeks on the market. (Broker: Terry Lovett, Time Equities) TRD


Comments

Anonymous

$500,000 for 55 Avenue C????!!!! Is the buyer out of his mind? Elliman and Barak Realty got another sucker. These brokers are terrible letting a buyer overpay in this market.

Comment #1 Posted By: Anonymous 11/05/09

Anonymous

#1 If that's what the buyer wants to pay then it's fair. I hate brokers too but that buyer is an adult. If he can be fooled by brokers then that's his problem.

Comment #2 Posted By: Anonymous 11/05/09

Anonymous

#1 If that's what the buyer wants to pay then it's fair. I hate brokers too but that buyer is an adult. If he can be fooled by brokers then that's his problem.

Comment #3 Posted By: Anonymous 11/05/09

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