5 cheapest Manhattan sales of the week

TRD New York /
Feb.February 10, 2014 12:44 PM

Topping the list of cheapest sales in Manhattan last week was a sponsor unit at 48 West 138th Street — marking the third consecutive week this address has ranked among the least expensive in the borough.

The second-floor condo, at Saint Anne’s Court in Central Harlem between Lenox and Fifth avenues, sold for $190,632. Although the specific broker was not listed, the building is a co-exclusive of real estate firms Bohemia Realty Group and Rubicon Property. On average, homes in this building sell for nearly $600 per square foot, according to StreetEasy.

An Upper East Side renovated studio apartment was the next cheapest Manhattan pad to sell last week. The owner of the second-floor unit at 120 East 83rd Street, between Park and Lexington avenues, raked in $270,000 for the 3-room space, which was originally priced at nearly $300,000 in June of last year. Broker Laura Schwartz, who lives on the Upper East Side herself and has been listed as a leading broker by NRT, made the sale with brokerage firm Keller Williams NYC.

A studio on the 27th floor of the hotel-turned-coop Woodstock Tower in Murray Hill sold for $279,000 last week, the third-lowest price in the borough. The broker was not identified but real estate firm Weichert Realtors handled the deal for 312 East 42nd Street, according to the listing. Recently renovated, the apartment features granite countertops, hardwood floors and views of the city and the East River.

In the fourth slot for cheapest sales is another studio, this one in Turtle Bay’s Marlo Towers at 301 East 48th Street, selling at the asking price of $350,000. The 625-square-foot, one-bedroom co-op was divided to create space, featuring a sunken living room and a separate dining gallery, according to the listing. Kathy Mulkeen, who has another apartment in contract now for just under $1 million, made the sale at Douglas Elliman. Maintenance fees are set at $1,006.

The Townsley, a co-op building at 245 East 35th Street in Murray Hill located near the mouth of the Queens-Midtown Tunnel, was the site of the fifth cheapest home sale in Manhattan this week — an alcove studio on the eighth floor for $355,000. That was about 5 percent under the listed price for the studio. The apartment was originally listed for nearly $400,000, despite having last sold in 2005 for more than $415,000. Emily Beare and Steve Snider for brokerage CORE had the sale. — Angela Hunt

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.

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