Residential deals

201 West 74th Street
201 West 74th Street

Upper West Side
$2 million
201 West 74th Street, #PHB

One-bedroom, two-bathroom, 956-square-foot interior, 800-square-foot exterior condo, at the Fitzgerald. Apartment was recently renovated and features a wraparound terrace facing south and east toward Central Park. Built in 1920, the building features a full-time doorman and concierge. Maintenance: $1,423 per month; taxes: $708 per month. Asking price: $1,995,000; one day on market. (Brokers: Tami Wasserman, Citi Habitats; Greg Kammerer, Corcoran)

“With this deal, I didn’t even have one open house. I put the listing up and was having a photographer in a couple days later to take some pictures. I got a call from a broker I know at Corcoran who was working with a buyer who’d put a bid in on the penthouse next door and missed out a few years ago. They wanted to know if they could see the apartment before the open house. So I said sure, come over after the photographer is gone and I’m done cleaning up. They did, and we went into contract three days later.”

Tami Wasserman, Citi Habitats

Soho
$4.65 million
152 Wooster Street, #2W

Two-bedroom, two-bathroom, 2,800-square-foot unit in a co-op building. Features 10-foot ceilings, Brazilian sodalite marble in the kitchen and statuary white marble in the bathroom. Prewar building built in 1909. Maintenance: $2,300 per month. Asking price: $4.75 million; 28 weeks on market. (Brokers: Robert Dankner, Prime Manhattan Residential; Leonard Steinberg, Urban Compass)

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“This building is one of Soho’s Artist-in-Residence co-ops. Tenants have to sign something called a Soho letter, and register with the Department of Cultural Affairs as a working artist. The letter says that the tenant, if they are not an artist, would be the sole bearer of responsibility of any fees or fines issued as a result. The buyer in this deal was to be the first non-artist owner in the building, although I don’t know if all of the other tenants are registered, because it’s a somewhat secret, onerous process. Making money off your art doesn’t necessarily qualify you. This was a wonderful buyer, really nice guy. He went through the traditional process, had a board interview. One owner in particular, though, wanted to keep the building strictly artists. The buyer is a surgeon, he’s really passionate about his work. He told the other tenants, ‘I create art with a scalpel rather than with a brush.’ And you know, he didn’t want to rip the place apart. The classic, bohemian Soho vibe is what he liked about it. He went through three interviews. I’ve never seen a process quite this laborious. They were just afraid of some hedge-fund guy who was going to turn the place into a glass palace.”

Robert Dankner, Prime Manhattan Residential

Midtown
$795,000
350 West 50th Street, #11H

One-bedroom, one-bathroom, 585-square-foot unit in a condominium building, Two Worldwide Plaza. Apartment faces northeast; building features a sundeck, laundry room, gym, garage, and 24-hour concierge and doorman. Maintenance: $730 per month; taxes: $639 per month. Asking price: $815,000; nine weeks on market. (Brokers: Sarah Son and Hilda Peled, Bracha New York at Keller Williams NYC; Sam Ahn, Newstar Realty)

“This building is very popular with investors. It’s very easy to rent or re-sell here. The tenant was on a month-to-month lease. He works in a famous restaurant. The investor came in and decided to purchase the apartment, and he kept the tenant as well. The sale was all-cash. You know, there’s not a lot of inventory in this part of Manhattan under $1 million. This unit is on the 11th floor, facing north — we were very lucky to get what we sold for, especially it not being renovated. People would come in to look at the place and tell us we were crazy for asking what we were asking. But you only need one buyer! And everything really is just about the location.”

Sarah Son, Bracha New York