Residential deals

Flatiron

$2.1 million

11 East 29th Street, Apt. 9A

Two-bedroom, two-and-a-half bath, 1,596-square-foot unit in a postwar condo building, Sky House; apartment has floor-to-ceiling windows, granite countertops and a washer/dryer; building has 24-hour doorman, a fitness center and a playroom; common charges $1,381 per month; taxes $984 per month; asking price $1.99 million; five weeks on the market. (Brokers: Amanda Rosenberg, Corcoran; John Farrell, Citi Habitats)

“Price per square foot was [my buyers’] number-one priority. For the Chelsea/Flatiron neighborhood, most of the units we were viewing were in the $1,800-a-foot range, with new developments well over $2,000. When [this unit] became available for $1,250 a foot, we knew we had to act quickly. The negotiations were very difficult. There were six other offers in the first two weeks. We decided to submit an above-ask offer at $1,318 a foot, $110,000 over the asking price, but still well below the comparable units in the area. We won the bid.”

John Farrell, Citi Habitats

Upper West Side

$3.5 million

27 West 72nd Street, Apt. 214-215

Three-bedroom, three-and-a-half bath, 1,730-square-foot unit in a prewar condo building, the Olcott; apartment has split-bedroom layout, integrated sound system and a large private terrace; full-service building has 24-hour doorman, concierge, fitness room, playroom, refrigerated storage and bicycle storage; common charges $1,445 per month; taxes $1,735 per month; asking price $3.5 million, two weeks on the market. (Brokers: Brian Lewis, Halstead Property; Patricia Gilman, City Solutions)

“I was a co-broker [on the seller’s side]. The buyer loved the layout and outdoor space. They liked the concept of a prewar condo luxury building by Central Park. They were not looking for very long at all. They swiftly offered full asking price in cash, and the sellers took it. The sellers were cashing in on the [strong] market and decided to rent for a while before moving to the suburbs. Although this home is in a condo building, this condo’s waiver application is quite thorough. The buyer was from another country. Logistically, getting a foreign buyer to get all that is needed for a package takes some time and effort, but it was not that bad. The sale broke a price-per-square-foot record for a lower-floor home in the building.”

Brian Lewis, Halstead Property

Upper West Side

$1.29 million

275 West 96th Street, Apt. 9D

Two-bedroom, two-bath, 1,026-square-foot unit in a postwar condo building, the Colombia; apartment has walk-in-closet, crown moldings and terrace; building has doorman and concierge; common charges $1,265 per month; taxes $811 per month; asking price $1.29 million; six weeks on the market. (Brokers: Mark Eidgah, Charles Rutenberg Realty; Yosefa Galchen, Douglas Elliman)

“I have known the seller for several years. She bought the apartment during the peak of the market, so this was the perfect time to sell and recoup her money. The apartment is one of the largest two-bedroom units in the building. The buyer [liked the property] because there was already a solid tenant in place, making it an easy investment property. The purchaser will be inheriting the tenant for the remainder of the lease term, which is not ending for another year. So the pool of buyers was limited to investors or purchasers willing and able to wait for the lease to expire to move in. I believe the price is the highest price for a two-bedroom in the building since the recession hit. If we had put the apartment on the market a year or two ago, most likely we wouldn’t have received anything close to the closing price.”

Mark Eidgah, Charles Rutenberg Realty