SL Green scion in contract to sell UWS condo

Nest Seekers’ Ryan Serhant said the apartment will trade for $10 million-plus

New York /
May.May 07, 2013 11:30 AM

The Upper West Side condominium unit belonging to the son of Stephen Green, chairman of the board at SL Green Realty, has gone into contract, The Real Deal has learned.

A buyer from Russia picked up the 4,134-square-foot Grand Millennium pad at 1965 Broadway, near 67th Street, on April 19, according to the listing agent and StreetEasy.

Green’s son, Gary Green, bought the 28th-floor unit for $3.81 million on February 5, 2001 and then an adjacent unit for $949,518 on November 22, 2004, according to StreetEasy. He is the CEO of Manhattan-based building service company Alliance Building Services.

Ryan Serhant, an executive vice president at Nest Seekers International, took over marketing for the combined unit on March 23 from Maxwell Jacobs’ Max Kozower and Stephania Brown. The duo listed the spread for $10.5 million in September 2012 before dropping the price to $9.999 million this January.

The most recent listing price was $9.895 million, but the Russian buyer paid “far over $10 million” in all cash, sight unseen, Serhant said.

The agent and his team targeted Russians who were pulling their money out of Cyprus following uncertainty over that country’s banking crisis.

Serhant, who can be seen tomorrow on the season two premiere of “Million Dollar Listing New York,” spruced up the listing with new photos, a marketing plan and a reduced price.

“Sometimes it just takes the right broker to make a sale,” Serhant quipped.

The deal is slated to close in July.

Kozower said that the seller only got serious about unloading the property until after he had the listing.

“As I’m sure you can appreciate, it’s tough to lose a listing,” Kozower said. “At the same time, I’ve also been the second broker on listings and similarly benefited. The adage ‘It’s all in the timing’ is certainly appropriate in these situations!”

Green was not available for comment by press time.


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