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Residential Deals

09/01/2011, By

Residential Deals

September 01, 2011 07:00AM

35 Park Avenue
35 Park Avenue
Murray Hill
35 Park Avenue
1-bedroom, 1-bath, 800 sf co-op; doorman, live-in superintendent; hardwood floors and custom electronic blinds; five spacious closets and building storage; Sub-Zero refrigerator; garage and laundry; maintenance $959; 50 percent tax-deductible; asking price $600,000; 40 weeks on the market. (Brokers: Wendy Stark, Corcoran; Frank Seegitz, Bond New York)

"The buyer is a biochemical engineer from New Jersey. He's purchasing it for his daughter, who's in her early 20s. At first they wanted the apartment about four floors above. It was the exact same line. The father wanted something very safe for her, in a doorman building. I really feel like I got them a prime location on Park Avenue for a side-street price. The sellers of the apartment on the higher floor were a little wary about [co-purchasing]. I convinced the buyers that the better deal was on the second floor because the higher floor was asking $650,000 and the asking price on the second floor was $600,000. The only difference was a renovated kitchen. From my point of view, you're going to purchase this apartment for $555,000, put in 20, 30 grand, be there for a few years, and get a lot more money for that apartment." Frank Seegitz, Bond New York

Upper East Side
$1.5 million
179 East 70th Street
1-bedroom, 1.5-bath, 1,550 sf co-op; penthouse; doorman, live-in superintendent; fitness room, storage in every apartment; wrap terrace with views of Central Park; gas fireplace, wet bar; windowed kitchen with Sub-Zero and Thermador appliances; maintenance $2,345; 44 percent tax-deductible; asking price $1.78 million; 12 weeks on the market (Brokers: Stan Ponte, Sotheby's International Realty; Karin Posvar Picket, the Corcoran Group)

"It was a very unique apartment because it was a penthouse, but it was a one-bedroom. It was an estate sale. We didn't show it to too many people and it sold very quickly. The apartment was really designed for a single gentleman who was focusing on entertaining, so there was a big bar, there was a remote-controlled gas fireplace, automatic shades; it was a real single man's dream apartment. The buyer was very interested in having a smaller-size one-bedroom instead of a two-, three- or four-bedroom, which most penthouses on the Upper East Side are. Also, it's a high floor, so you are able to see pieces of Central Park. One of the biggest trends in this market is that rare apartments are selling. It's tough to sell cookie-cutter apartments. [Apartments like this] come up very seldom." Stan Ponte, Sotheby's International Realty

Upper West Side
$1.83 million
103 West 89th Street
3-bedroom, 3-bath, 1,600 sf co-op; penthouse triplex; private landscaped roof deck and two balconies; kitchenette and living room skylights; wood-burning fireplace; central air and washer/dryer; common charges $1,118.68, taxes $1,583.33 per month; 10 weeks on the market (Brokers: Stacey Chametznik, City Connections, Ed Herson, Halstead Property)

"For me the property has been very special because I've been representing it as a rental for a few years, and I even had [English actress] Haydn Gwynne, who came from London to work in 'Billy Elliot,' there for a few years. The apartment is in a postwar townhouse. There are, I think, four on the block like it, and they're divided into two apartments per floor and they're all multilevel apartments. This apartment has a unique amount of outdoor space. You feel like you're living in a home rather than an apartment. This is the buyers' first home purchase in New York. They recently relocated from overseas. They have a child who will be going to private school. Originally I had a full-price accepted offer, but it fell apart. This couple had seen it a few times, and I guess they realized the apartment would sell whether it would be them or someone else." Stacey Chametznik, City Connections Realty

Union Square
853 Broadway, 15th Floor
New York, NY 10003
Columbus Circle
1776 Broadway, 2nd Floor
New York, NY 10019
Upper East Side
1500 Second Avenue
New York, NY 10075
64 West 21st Street
New York, NY 10010
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New York, NY 10019
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