Residential deals

Sep.September 01, 2014 07:00 AM
229 West 97th Street

229 West 97th Street

Upper West Side
$2.275 million
229 West 97th Street, #6

Four-bedroom, three-bathroom, 2,200- square-foot unit in a prewar co-op building, The Powellton. Apartment has views with three exposures, high ceilings, transom windows and hardwood floors; building has a doorman and live-in super. Common charges $3,594 per month. Asking price $2.5 million; 44 weeks on the market. (Brokers: Julie Friedman and Christine Nardi, Coldwell Banker Bellmarc; Dan Geller and Natasha Ulyanov, Keller Williams)

“This was maybe one of the most challenging deals I’ve ever done. We had an exceptionally challenging seller who was very demanding. We had to find a way to placate him so I could fully protect my client. This is a phenomenal apartment: a fantastic space, laid out beautifully, that will be a wonderful home for years to come and continue to increase in value. The deal blew up numerous times. But through creative brokerage, we found a way to get what appeared to be an impossible deal finished. The buyer was a professional couple with two children. He is a dentist with a commute to New Jersey, so that’s why the West Side makes sense, and she is a partner at a law firm and does mergers and acquisitions. This is a neighborhood that offers every conceivable amenity a family could ask for. Everyone walked away very happy.”

Dan Geller, Keller Williams

Turtle Bay
$875,000
310 East 46th Street, #20V

One-bedroom, one-bathroom, 900-square-foot unit in a prewar condominium building, Turtle Bay Towers. Apartment has Chrysler Building views, chef’s kitchen, spa bathroom, custom closets and oak floors; building has a doorman, live-in building manager and garage. Common charges $2,349 per month. Asking price $875,000; five weeks on the market. (Brokers: Gina Kuhlenkamp, Coldwell Banker Bellmarc; Denise LaChance, the Corcoran Group)

“It was a very unique apartment, because it was renovated by [celebrity contractor] Stephen Fanuka. It was a corner unit. The ceiling height was twelve-and-a-half feet; the buyer loved the ceiling height. There were views of the Chrysler Building and southern, western and northern exposure. The light was tremendous. On the sides and the top of the windows there were mirrors, so you could see the reflection at night. The buyer was attracted to the uniqueness and the high-end architectural design of the apartment: It was like designer Soho chic in Midtown. Every time you visited the apartment, there was something unique and different that you spotted. The buyer fell in love. It was love at first sight. At the first open house, it was sold.”

Gina Kuhlenkamp, Coldwell Banker Bellmarc

Tribeca
$5.5 million
37 Harrison Street

Three-bedroom, two-bathroom, 3,360- square-foot Federal-style townhouse unit; townhouse has soaring ceilings with exposed beams, six wood-burning fireplaces, private garden and English basement with exposed stone walls. Taxes $15,918 per year. Asking price $3.75 million; one week on the market. (Brokers: Tom Postilio and Mickey Conlon, CORE)

“These houses were not originally on Harrison Street. In the 1970s, they were moved to that location by the city and reassembled. Landmarks had identified a few of the houses as prime examples of Federal architecture, to be moved to a new location and reassembled piece by piece. So the houses were restored by the city and were sold unfinished. The interiors were completely bare, and each owner was given the opportunity to finish it on their own. The owners bought it from the city for $55,000. Our first showing was an open house. We had 100 people come through the door, among them Jake Gyllenhaal. Within several days, we had several offers, and we went to highest and best. We received 14 bids, ranging from slightly below asking to well above. Our final price of $5.5 million was about 40 percent above the asking price. Interestingly enough, it’s 100 times the purchase price that the sellers paid in 1976.”

Mickey Conlon, CORE


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