Residential deals

May.May 01, 2012 07:00 AM


860 Park Avenue, #12
Upper East Side

$11.48 million

860 Park Avenue, #12

Four-bedroom, 4.5-bath, 4,100 sf unit in a prewar doorman co-op; apartment has butler’s pantry and maid’s room; maintenance $9,207 per month; asking price $11.48 million; one day on the market. (Brokers: Wendy Jackson and Ben Lieblein, Nest Seekers International; Daniela Kunen, Prudential Douglas Elliman)


Wendy Jackson
“[This] is a great co-op, with only one apartment per floor. Before we [even listed it], we had a whole bunch of people calling us. The apartment was on the market at 1 p.m., and by 3 p.m. we had an offer at the full asking price, all cash. The buyers were a nice young couple with two kids. They lived about seven blocks away and wanted to stay in the same neighborhood and keep the same school. They had been looking for two years. They were the second people to walk in, and everything was signed in four days. The sellers were a couple with kids who had lived there for 20 years, and they were moving into a smaller unit. … One interview [with the co-op board], and then very quickly it was approved.”

Wendy Jackson, Nest Seekers International


1050 Fifth Avenue
Upper East Side

$4.35 million

1050 Fifth Avenue, #16A

Four-bedroom, 4.5-bath, 2,800 sf unit in a doorman co-op; apartment has Central Park views, eat-in kitchen, terrace and formal dining room; maintenance $3,804 per month; asking price $3.85 million; three weeks on the market. (Brokers: Reuben Davis, Keller Williams NYC; Liora Yalof, the Corcoran Group)

“This was an estate, and it was in the most terrible condition, but in a great location. It needed everything from head to toe. I priced it invitingly, and within 10 days I had 40 showings. [The listing had] no pictures of the interior because there was nothing to show, but I had three offers, all considerably above ask.
Reuben Davis

There are few buildings with apartments of this size available in this neighborhood. There are 40 or 50 families out here looking for exactly this, and the ones who eventually bought it moved aggressively. … As far as the pricing, I could have started at $5 [million] and gotten to $4.35, but it would have taken another five months. My theory is that if you price it invitingly, the market will find the level. And it did.”
Reuben Davis, Keller Williams NYC


255 West 108th Street
Upper West Side

$2.15 million

255 West 108th Street, #7A

Three-bedroom, 2.5-bath, 2,000 sf unit in a prewar doorman co-op, the Manchester; maintenance $2,538 per month; asking price $2.3 million; 12 weeks on the market. (Brokers: Doug Perlson, RealDirect; Heather Meissner, Prudential Douglas Elliman)


Doug Perlson
“It is a classic, eight-room apartment. The kitchen is large; it has all the things a lot of families are looking for. And it was far enough north that the price was not crazy. We saw a ton of buyers; about 100 people came through that apartment. We had an accepted offer within six weeks. It’s a little bit of a strange market. … You might have a tremendous amount of demand for a certain apartment and not for another, even in the same building. A one-bedroom won’t have nearly the interest that a “Classic Eight” will. In this particular situation, the sellers knew there was a lot of demand for apartments [in this area], so they priced high, but were still able to garner a lot of interest and ended up being really happy with the sale price. A lot of sellers will list their apartment high, knowing that maybe they’ll get it, but in a lot of cases that strategy backfires. Thankfully, in this case it did not. The buyer had no problems with financing — this is a 25 percent-down building, and the transaction went smoothly.”

Doug Perlson, RealDirect

Interviews by Guelda Voien


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