Residential deals

Jan.January 01, 2014 07:00 AM
15 Charles Street

15 Charles Street

West Village
$1.76 million
15 Charles Street, Apt. 18A

One-bedroom, one-bathroom, 712- square-foot unit in a postwar condo building; apartment has 500-square-foot terrace; full-service building with concierge and doorman; common charges $1,076 per month; taxes $508 per month; asking price $1.49 million; four weeks on the market. (Broker: Elaine Mayers, Citi Habitats)

“The seller contacted me because I have sold a lot of apartments in this building. The location is in high demand, and this particular apartment is located on the 18th floor and has 360-degree views. The buyer had been patiently waiting for an apartment in this building for quite a while. The first open house attracted more than 40 people, and the very next day we had seven offers at [asking price] or above. By the end of the week, we accepted an offer for more than $260,000 above the asking price; all of the offers that were considered were all-cash. The seller lived in the apartment for a long time, but the time had come to retire and relocate. The unit required a gut-renovation, but the views, enormous outdoor terrace, and prime location were worth the renovation expense for the buyer. The seller was a complete gentleman, who honored the accepted offer, even when other, higher offers were put on the table. Buyers and brokers alike were hounding me and making higher offers, even after we were in contract.”

Elaine Mayers, Citi Habitats

Gramercy Park
$1.74 million
61 Irving Place, Apt. 4A

Two-bedroom, two-bathroom unit in a postwar co-op building, the Gramercy; apartment has loft-like living room with exposed brick, 12-foot ceilings, granite countertops, new appliances and breakfast bar; building has doorman and elevator; asking price $1.75 million; 43 weeks on the market. (Brokers: Stephanie Kanner and Alexis Mintz, Fox Residential; Lisa Borsa, Keller Williams NYC)

“I met the buyers at an open house. They liked the location, the exposed brick, high ceilings and new finishes, as well as the built-in features. The apartment is located on a lovely small street a block from Gramercy Park and across the street from Pete’s Tavern, the oldest continuously operating restaurant and bar in New York City. [My clients] had been looking for about four months and originally wanted a condo, but they fell in love with this apartment and the neighborhood. The previous owners wanted a bigger apartment because they are expecting another child. The negotiations were fine, but my clients were traveling, so there was a lot of FedEx involved.”

Lisa Borsa, Keller Williams NYC

Upper West Side
$439,000
11 Riverside Drive, Apt. 3GE

Alcove studio measuring 570 square feet in a postwar co-op building, the Schwab House; apartment has walk-in closet, separate kitchen and large living room; building has doorman, bike storage, roof deck, playroom; maintenance $1,016 per month; asking price $439,000; four months on the market. (Brokers: Dean Feldman, Halstead Property; Michael Chadwick and Robert Rodriguez, Bond New York)

“The buyer was a repeat rental customer of Robert’s. She had three months until her lease was up and had won a bidding war in the spring [on another apartment] but backed out. She liked that this apartment faced southeast overlooking a garden, the proximity to Riverside Park and the roof deck for practicing Tai Chi. The fact that her monthly maintenance would be nearly a third of what she was paying in rent was also attractive. The price was extremely competitive and we all knew that it would not stay available long because it was just reduced from $450,000. This was one of the fastest closings in history; on the day of the closing, we were done in approximately 30 minutes. When the treasurer of a co-op board tells you, ‘In my time of service on this board, we have never seen an applicant with a credit score as high as yours,’ that’s a very good sign. Our buyer moved in just two months from the day we submitted our offer.”

Michael Chadwick, Bond New York


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