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.
TRIBECA
64 North Moore Street
Two-bedroom, 1.5-bath condominium
Asking price: $650,000
Selling price: $630,000
Time on the market: one year
OUT FROM UNDER HER
A woman in contract for nearly half a year to buy this 1,500-square-foot apartment lost the deal when the condominium’s limited liability corporation used its right of first refusal to buy the unit first. The duplex apartment boasts 14-foot ceilings, radiant heating on the ground floor, and a private garden with atrium. It was sold for a low price because it was put on the market before prices had risen and because the seller was anxious to cash out of the deal after the long delays. He has since moved to New Jersey. “Our seller wanted to unbind himself from all the legal issues and just get out,” said a broker with JC Deniro & Associates, Hunie Kwon, who along with Christopher Mathieson represented the seller. The original buyer, a leather designer, was “traumatized” after losing the apartment, Mr. Kwon said. The agents felt so badly, they split their commission equally with the spurned buyer’s broker, Denise Guido of Stribling.
PROSPECT HEIGHTS
44 Butler Place
Two-bedroom, one-bath condominium Asking Price: $475,000
Selling Price: $475,000
Time on the market: three weeks
SAVED BY A BROKER
A young couple with a newborn nearly lost their dream apartment after their bank appraised it for $50,000 less than the purchase price. Their broker, Tracey McLean from the Corcoran Group, combed through every page of the appraiser’s report and found a number of mistakes that eventually turned the deal around.
“The buyers were committed to the apartment and knew the value was there, but they needed the right appraisal to get their loan, so Tracey went through the entire report and after a month of delays, the appraisal finally came back with the correct amount,” said broker Jim Cornell of the Corcoran Group, who represented the sellers.
The 950-square-foot apartment has built-in bookcases, a pass-through gallery kitchen, and hardwood floors. The building, one of the oldest condominiums in the neighborhood, is near the trains and the park. It also has a doorman, a roof deck, and an exercise room.
UPPER EAST SIDE
120 East 90th Street
Two-bedroom, 1.5-bath condominium
Asking Price: $759,000
Selling Price: $735,000
Time on the market: three weeks
INTERNATIONAL AFFAIR
A Scottish woman working for a consulting firm had been living in Houston when her company relocated her to New York. She fell in love with this convertible 900-square-foot two-bedroom apartment, which is in move-in condition and has open city views facing north. The apartment, between Park and Lexington avenues, also boasts a renovated kitchen and is within walking distance of the subways.
Barbara Dubofsky of Century 21 William B. May represented the sellers, a family who had outgrown the apartment and is looking for something larger. Sheila Lokitz of the Corcoran Group represented the buyer.