Residential deals

Aug.August 01, 2012 07:00 AM

Brooklyn Heights

$275,000
150 Joralemon Street, Apt. 5H

150 Joralemon Street, Apt. 5H

One-bedroom, one-bath, 750 sf co-op unit; apartment has walk-in closet, home office; building has live-in super; maintenance $1,301 per month; asking price $299,000; 13 weeks on the market. (Brokers: Victoria Hagman, Realty Collective; Myrel Glick, Prudential Douglas Elliman)

Victoria Hagman

“It had been on the market for a while, at a price that was too high. I got the listing in late November, which is a hard time [to sell], but we aggressively showed it until we got a buyer. The building was built as a commercial insurance building and converted to apartments, so it has higher ceilings and larger windows than traditional residential construction. But the unit had been rented, and needed a little TLC. I think the buyers were excited to get something in that neighborhood at that price point. It was parents buying for their daughter, actually. Financing was not a concern because we did a financing contingency where they would have to buy it all cash if they didn’t get a loan. They had that ability.”

Victoria Hagman, Realty Collective

 

Midtown

$440,000
25 Tudor City Place, Apt. 2005

25 Tudor City Place, Apt. 2005

One-bedroom, one-bath unit in a prewar co-op; building has doorman, roof deck; apartment has Empire State Building views, granite countertops; maintenance $1,187 per month; asking price $449,000; 20 weeks on the market. (Broker: Javier Lattanzio, Time Equities)

Javier Lattanzio

“I had an open house in the building, and as I was walking downstairs, this lovely couple saw the brochure for this unit, and said, ‘Oh, that’s the same floor that we live on.’ They live right next door in a studio [and wanted to upgrade to a one-bedroom]. I gave them the keys so they could check out the apartment, since I was leaving. Although I never give my clients’ keys to anyone, I really had the feeling this would be good. They liked the apartment because of the views. It had also been renovated, which their other apartment had not been. So I end up making the deal, and also, they gave me their apartment to sell. They didn’t have any co-op board approval trouble because the one-bedroom was a sponsor sale. Now we are waiting for a board approval on the studio, and they are getting married in October, so it’s been a nice story to be involved with. The whole affair was a good reminder that you never know when the customer is going to show up.”

Javier Lattanzio, Time Equities

 

Williamsburg

$419,000
134-136 Powers Street, Apt. 2D

134-136 Powers Street, Apt. 2D

One-bedroom, one-bath, 713 sf condo unit in a new development, the Aria; building has roof deck, fingerprint entry system; apartment has sleeping loft, sauna, hardwood floors, washer/ dryer; common charges $234 per month, taxes $396 per month; asking price $415,000; 27 weeks on the market. (Brokers: David Kazemi, Bond New York; David Berk, Pro Realty Team)

David Kazemi

“I originally had listed this apartment in April of 2011. There were a couple price decreases, and then I pulled it in December, and relisted in January. It went into contract in April for above asking price, actually, which is funny given how long it had been on the market. [The seller] has a sauna in her living room, and it takes up a lot of space. That was a deal-breaker for a lot of people. And the [hallway] to the loft has a clearance of 6’2’’, so, well, anyone who is tall wouldn’t have wanted to live there. I got to the point where I was asking people, ‘How tall are you?’ before they came to see it. As soon as we had one offer, we actually got two more. But then it took forever to close. The seller didn’t want to close because she hadn’t found another place to live. The lawyers were going back and forth for weeks and eventually her lawyer basically said, ‘You should really close.’ ”

David Kazemi, Bond New York


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