DONE DEALS
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.

UPPER EAST SIDE
422 East 72nd Street Four-bedroom, 4.5-bath condominium Asking price: $4.95 million Selling price: $4.725 million
MOVING ON UP The couple that bought this 3,711-square-foot home plan to keep a three bedroom they own three floors below in the same building to house family and guests. The new apartment, which has 685 square feet of open space with two terraces and three balconies, was designed by Michel Frank of Owen & Mandolfo and has bamboo floors and cabinets made of rainforest wood. With four exposures, there are East River and cityscape views, and the unit’s 10 rooms include a library, home office, and entertainment room. The sellers, who work in finance, relocated to Switzerland for work. The buyers run a hedge fund. Roxana Dorneanu of the Corcoran Group had the exclusive, and exchanged her Nissan Pathfinder for a BMW Z-3 when the sale closed.
PARK SLOPE
420 Seventh Avenue Four-family townhouse Asking price: $1.3 million Selling price: $1.2 million Time on the market: six months
INDIAN ROW An elderly woman sold this home, which hadn’t seen any renovations in half a century, for a price of $900,000.The developer who bought it had grand notions of re-doing the home with four rental units and a store on the bottom floor, but got cold feet. The exclusive broker, Kenneth Freeman of Massey Knakal, said the building “took the prize for the oldest boiler I have ever seen.” And one week after the owner bought the building, he put it on the market. A businessman who owns a chain of Indian restaurants in Brooklyn bought the building at a price that gave a 33% profit for the seller.
The home needed significant renovations, and the buyer plans on renovating the top floors into rental units and opening an Indian restaurant on the ground floor.
CHELSEA
520 West 23rd Street
One-bedroom, one-bath co-operative
Asking price: $549,000
Selling price: $515,000
Time on the market: three months
QUICK TURNAROUND The seller of this one-bedroom apartment bought it less than one year ago for $350,000, a nice profit for the young architect, who is moving back to his native San Francisco. This is the first resale in the building, which was constructed last year and has a fulltime doorman, rooftop terrace, and backyard garden. It is located in the gallery district of western Chelsea.
The apartment has views of Midtown and boasts granite countertops, stainless steel appliances, oversized windows, and hardwood floors.
Mark Policarpio and Christopher Mathieson of JC DeNiro & Associates had the listing, and Suzanne Zinsel of Bellmarc represented the buyer, an attorney in her late 20s.