Residential deals

Mar.March 01, 2014 07:00 AM
288 West Street

288 West Street

Tribeca
$2.65 million
288 West Street, Apt. 2W

Two-bedroom, one-bath, 1,850-square-foot unit in a co-op building built in 1856. The building was once a spice warehouse. The apartment has 12-foot beamed ceilings, exposed natural brick throughout, sound-insulated pine columns and open kitchen with poured-concrete countertops. Building has newly renovated lobby, 1,000-square-foot roof deck with views of the Hudson River, Statue of Liberty and the Woolworth building; common charges $2,768 per month; asking price $2.7 million, 1 month on the market. (Brokers: Erin Stabb, Town; Maria Manuche, Corcoran)

“The apartment has more of a rustic, masculine feel, yet the new buyer and two previous owners were all independent female professionals. I was impressed by this pattern, as it embodies a snapshot of the NYC female professional of the 21st century. The property received strong interest and sold in less than 4 weeks. The biggest challenge was that it was a two-bedroom with one bath. But everyone who came in liked it. Inventory is still at record lows, putting sellers at the advantage.” Erin Stabb, Town

Kips Bay
$2.68 million
121 East 23rd Street, Apt. 18A

Three-bedroom, two-and-a-half bath, 1,743-square-foot unit in a 2005-built condominium building, Crossing 23rd; apartment has triple exposure and two private balconies; building has doorman and concierge; common charges $2,675 per month; taxes $1,277 per month; asking price $2.6 million; 10 days on the market. (Brokers: Lee Lewis, City Connections; Anna Lin Weichert, Mazzeo Agency)

“The apartment went very quickly; we had fully executed contracts within 10 days. I showed it to around 70 people in three days. We had a crush of interest, and the buyer was willing to pay $75,000 over the list. It was a good, solid deal. The great thing about this unit is it’s on the 18th floor, so it clears all the other buildings around. There are amazing southern, eastern and northern views from this apartment. It’s especially fantastic at night because you can see the Empire State Building and Chrysler Building. The other cool thing is that it has two private balconies — one off the living room, and the other one off the second bedroom.”

Lee Lewis, City Connections

Times Square
$3.1 million
1600 Broadway, Apt. PH3C

Two-bedroom, two-and-a-half-bath unit in a newly constructed condo building; apartment has views to Times Square, the Freedom Tower and the Hudson River; building has gym, virtual putting green, conference center, billiards room, 24-hour doorman and concierge; common charges $2,225 per month; taxes $1,584 per month; asking price $3.195 million; 47 days on the market. (Brokers: Nicole Gary, Keller Williams; Bradley Christie, Demsker Realty)

“My client had purchased the unit a little over a year ago, and when he walked in the apartment, he loved it. He bought it for $2.55 million last December. Since then, he made a couple of changes — new floor, new lighting. He decided he didn’t really use it so he called me up and asked what we could get for it. The market has really changed in the past year, so we put it up for $3.195 million and we sold it for $3.1 million. The buyer never actually saw the apartment. Her broker came and took a video, and she bought it sight unseen.”


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