Dolly Lenz talks about Conan’s co-

TRD New York /
Jun.June 03, 2010 11:30 AM

From left, Conan O’Brien, 115 Central Park West and Dolly Lenz

The co-op unit that NBC’s Conan O’Brien sold at the Majestic co-op building at 115 Central Park West, for close to its $29.5 million asking price, “had a quirky
layout,” said Dolly Lenz, the vice chairman of Prudential Douglas Elliman who brokered the deal, the New York Post reported. “But it was the big terrace — the southeast-facing terrace — that sold it.” That terrace is one of the apartment’s three private terraces, outdoor space which makes a difference when marketing real estate. According to the Wall Street Journal, the sale ranks as one of the biggest residential sales of the year so far in Manhattan. Lenz recently brokered another deal for an apartment on
Central Park West that boasted 4,000 square feet of outdoor space,
which sold almost the moment it went on the market for its full $13.9
million asking price. While outdoor space is often priced at about 25 percent of the price-per-square-foot of interior space, the terrace or roof deck can command a huge premium. “In this hectic city, having a place to go out and have a cup of coffee on, or a place
to take your dog, is the extra little special bit,” said Diane Ramirez, president of Halstead Property, which is marketing a 4,400-square-foot Upper East Side duplex penthouse co-op with 5,000 square feet of terrace and an indoor pool for $5.5 million. “It’s just a jewel factor.” [Post]

 

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