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.
MIDTOWN EAST
225 East 57th Street Two-bedroom, two-bath cooperative
Asking price: $739,000
Selling price: $739,000
Time on the market: one day
SUGAR COATED
The sellers of this prewar apartment sweetened the deal by offering the brokers of potential buyers an additional fee as an incentive to move the apartment. The apartment had been on the market for some time for about $800,000 until Halstead brokers Maria and Lauren Cangiano won the listing. They managed to sell the prewar apartment, which was newly renovated, after one open house.
The sellers were a couple that used the home as a pieda-terre but wanted to dispose of it after moving to Florida. The buyer was a Pfizer executive relocating with his second wife to New York from London. Helen Sy of Manhattan Apartments was the buyer’s broker.
“They had the apartment on the market for a long time at a higher price, and when we got the call to pitch the exclusive, as part of their incentive to get a buyer, they offered an additional commission to the buyers’ brokers,” said Ms. Maria Cangiano.The Halstead brokers lowered the price, adding that at 1,400-square feet, the $2,011 monthly maintenance fee was steep, even though it included utilities.
CHELSEA
224 West 18th Street Two-bedroom, two-bath condominium
Asking price: $1.499 million
Selling price: $1.499 million
Time on the market: 12 weeks
FULLY STOCKED
This 1,905-squarefoot apartment in a small postwar building boasts a home office, a kitchen stocked with stainless-steel counters, Poggenpohl and Bosch appliances, a Marvel wine refrigerator, and a bathroom with Grohe fixtures. The building has a full-time doorman, a roof deck, and a gym, and is pet friendly. The broker was Andy Pellot of JC DeNiro & Associates.