5 cheapest Manhattan sales of the week

Homes ranged from $170,000 Harlem studio to $560,000 Upper West Side two-bedroom

TRD New York /
Dec.December 23, 2013 04:45 PM

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.

Related Articles


Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Unrealistic pricing bogs down Miami luxury condo market: TRD Showcase & Forum

From left: RealPlus' Eric Gordon, Corcoran's Pam Liebman, Halstead's Diane Ramirez, Douglas Elliman's Howard Lorber and Brown Harris Stevens' Bess Freedman (Credit: Eric Gordon by Emily Assiran, Getty Images, Halstead, BHS, iStock)

Terra sells part of RealPlus stake to Corcoran and Elliman

The Real Deal’s E.B. Solomont receives Front Page Award

Rents increased year over year this September in Manhattan and Brooklyn to $4,336 and $3,366

Rents tick up and concessions fall amid broader economic uncertainty

The number of closed sales fell by more than 14 percent year over year in the third quarter (Credit: iStock)

Low mortgage rates are killing Manhattan’s all-cash buyer