The Real Deal New York

5 cheapest Manhattan sales of the week

Homes ranged from $170,000 Harlem studio to $560,000 Upper West Side two-bedroom
December 23, 2013 04:45PM

Jeff Green of Bohemia Realty Group had the Manhattan residential market’s cheapest single-family deal of the week, with the $170,000 sale of a Central Harlem studio. The apartment at 48 West 138th Street sold for 18.5 percent below its asking price of $208,550.

Next on the list was an Upper East Side co-op in Yorkville that sold for slightly above ask at $255,000. The studio at 509 East 88th Street was listed by Citi Habitats’ Donna Bradbury at $254,000 and features exposed brick walls. The building is a five-story, 20-unit property that is described on StreetEasy as being “blissfully close” to Gracie Mansion.

The third-cheapest apartment on the list is located in a 17-story, 82-unit co-op doorman and elevator building at 27 East 65th Street. The 685-square-foot home has one bedroom and one bathroom and was listed by Town Residential’s John Carapella at $525,000 in February and sold for $460,000.

The Corcoran Group’s Yannis Katakis had the fourth most modest sale of the week, at 145 East 15th Street in Gramercy Park. The 550-square-foot studio pad in Gramercy Arms sold for $540,000 after being listed for $542,000 in August. It features sky and city views as well as generous amounts of sunlight, according to the listing.

The last cheapest sale was that of a 675-square-foot two-bedroom co-op unit on the Upper West Side at 203 West 87th Street, which traded for $560,000. The apartment was listed by Douglas Elliman’s Kathy Murray and Caitlin Donohue and boasts dark hardwood floors, extra storage space and high ceilings. — Hiten Samtani

Source: PropertyShark. Footnotes: Data is for closed deals on residential, single-family homes in Manhattan filed with the city last week through Friday. The data does not include deals in contract. To obtain broker information, closed sales data from PropertyShark was compared with past listings on StreetEasy.