Residential deals

Washington Heights

$309,000

812 Riverside Drive, Apt. #47

One-bedroom, one-bath, 650 sf new condo conversion; unit has marble baths, hardwood floors, part-time doorman, live-in super; common charges $422 per month, taxes $79 per year; asking price $309,000; 59 weeks on the market. (Brokers: Sandy Edry, Keller Williams; Eileen Kim, Bond New York)

Eileen Kim

“This couple was in the army and had been in Afghanistan last year. They moved to New York because [the wife] is starting at Columbia Business School this fall. She grew up in Stuy Town. They were here for one week to get married and find an apartment. I showed them apartments for two days. Space was the most important thing, and they wanted to be close to Columbia. They also wanted laundry in the unit and a building that would allow pets. I mostly showed them apartments in Washington Heights and Harlem. They chose this one because it met all the criteria and wasn’t very expensive. Because of their experience in Afghanistan … if there was a hiccup in the process, the wife would say, “Okay, this is a First World problem, we can handle this.” I think they had, like, seven different addresses [in the last few years], and the bank didn’t understand why they moved so much. In fact, one of the addresses just said “Afghanistan.” But it wasn’t hard for them to get financing, actually.” — Eileen Kim, Bond New York

75 Wall Street, Apt. #20C

Financial District

$1.97 million

75 Wall Street, Apt. #20C

Three-bedroom, 2.5-bath, 1,692 sf new condo conversion; building has doorman, rooftop terrace, billiards room, gym; common charges $1,972 per month; taxes $67 per month; asking price $2.1 million; 11 weeks on the market. (Brokers: Ariel Cohen, Prudential Douglas Elliman; Maria Ellis, Citi Habitats)

Ariel Cohen

“I represent the sponsor for the entire building. This is probably the busiest summer I’ve ever experienced. Basically, this summer is on crack. This buyer was an all-cash investor. It was off the market, [but the investor approached us]. When he took possession of the unit there was a rental tenant in place, so from the day he closed, it had income in place. We closed in less than 30 days. Even though he was all cash, we didn’t end up lowering the price — we negotiated a little bit, but not too much. It ended up selling for well over $1,200 a square foot. There was also a 14-year tax abatement.” — Ariel Cohen, Prudential Douglas Elliman

65 West 13th Street, #2F

Greenwich Village

$4.65 million

65 West 13th Street, #2F

Three-bedroom, three-bath condo at the Greenwich; building has doorman, concierge, roof deck; common charges $1,853 per month; taxes $1,842; asking price $4.9 million; 12 weeks on the market. (Broker: Ric Swezey, Town Residential; Ed Freiberg, Town Residential. Swezey was at Town when the deal was completed, but has since moved to the Corcoran Group.)

Ed Freiberg

“The buyer was actually a friend of mine — he also works in the real estate business. We started looking a while ago, but he had really specific requirements. He wanted a big lofty space [with] high ceilings. He wanted a condo and wanted it in the Village. There are not a ton of places over 2,000 square feet [in that area]. He wanted a three-bedroom because of the [potential] resale value. We had been looking for probably a year and a half — we’d seen 50, 75 apartments. We couldn’t hit the sweet spot, though. We finally saw this one. He walked in and he tried to play poker face, but when he turned to me, [I knew]. It had a huge entertaining space, 14-foot ceilings. He wanted to create an office space, maybe expand a bedroom. With a loft, he can adjust it to whatever his needs are, which might change over time. It took a bit of negotiating. They were tough, but he’s pretty tough, too. It was pretty much a smooth deal from [when they settled on the price] because he is one of the most organized people I’ve ever worked with. We got financing very quickly, got the board package in pretty fast. He could have closed in less than a month, but this took six weeks because the seller needed the time to relocate.” — Ed Freiberg, Town Residential