Residential deals

Dec.December 01, 2014 07:00 AM
220 Madison Avenue

220 Madison Avenue

Lower East Side
$410,000
100 Suffolk Street, #2B

One-bedroom, one-bathroom unit in a co-op building. Features white cabinetry, granite countertops, stainless-steel appliances and custom breakfast bar. Windowed, recently remodeled bath with white subway tile and pedestal sink. Maintenance: $635 per month. Asking price: $385,000. 30 weeks on the market. (Brokers: Jason Penner and Eric Penner, Keller Williams NYC; Roy Silber, Citi Habitats.)

“I worked on this with my brother Eric. It’s nice that we were able to work together. Oddly enough, this came through a referral from one of my old roommates. This woman, we had actually met with her over a year ago, she wanted to sell her home, a small little space. I said, ‘Well, if it were up to me, let’s bring it up to the top selling condition.’ I made some recommendations — kitchen, bathroom. My brother makes fun of me, he says I never see an apartment without wanting to blow out a wall. She did that with the kitchen. She took into account the recommendations we made, got back in touch a few months later and told us she was ready to sell. We knew we were competing with other, similar homes, but nothing was ready to go. The work she had done generated interest from people who didn’t want to do work themselves. Any place that I go into — unless it’s an über-high-end, sealed-off kitchen — I like the kitchen to be open. I like there to be a little breakfast bar. A lot of those recommendations, she said, she wish she’d done earlier, and she’s applying them to the new place that she bought.”   Jason Penner

 

Murray Hill
$1,368,750
220 Madison Avenue

Two-bedroom, two-bathroom, 1,200- square-foot, fully-renovated co-op in the John Murray House. Apartment features custom molding and hardwood herringbone floors. Built in 1940. 24-hour doorman. Maintenance: $2,403 per month, 62 percent tax deductible. Asking price: $1,395,000. 14 weeks on the market. (Broker: Peggy Dahan, the Siderow Residential Group.)

“The apartment was completely renovated. It’s magnificent. There is a wireless speaker system and  windows in the bathroom, kitchen, and closets. This was the easiest deal I ever closed — the buyer came to the open house, and his wife came the next day. I was the broker on both sides. I wish all my deals were this easy.”   Peggy Dahan

 

Battery Park City
$3,650,000
10 West Street, #23A

Three-bedroom, three-and-a-half bathroom, 1,944-square-foot condo in the Residences at the Ritz Carlton. Unobstructed views of New York Harbor, the Statue of Liberty and Hudson River. Brazilian cherry herringbone flooring. Amenities include private chef’s in-home dining, daily housekeeping and in-home massage. Built in 2001. Full-time doorman and concierge. Asking price: $3.65 million. Maintenance: $2,383 per month. Taxes: $2,008 per month. 4 weeks on the market. (Brokers: Jackie Chan-Brown, Citi Habitats; Michael Mei, Block and Lot Realty.)

“The view is what sold this place. The buyer came on the second showing. At the first showing, we had two customers; at the second, three people came to see it. One of the customers at the second showing, right there and then in the apartment, gave an offer — cash. I told them we were holding off for full price. Back and forth, back and forth, for a half an hour. The whole family was there, in the dining room, looking out at Lady Liberty and the Hudson River. After almost an hour, they gave us the full offer. We actually, later, got a higher offer, a much higher offer. The tenants are very moral people — I told them about the higher offer, but they honored the deal with the first buyer. They wanted to be fair. And also the buyer offered cash. We closed in record time, and had it approved in record time. The first buyer was purchasing for primary residence: they wanted to live in it. The second buyer was an investor. He knew that there was a contract out, he knew he had to come in higher, and he did, but we honored the first one.”  Jackie Chan-Brown


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