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.
PARK SLOPE
270 Fifth Street 3-bedroom, 2-bath cooperative
Asking price: $585,000
Selling price: $575,000
Time on the market: three weeks
HALF-PRICE BROOKLYN
So this is why everyone moved to Brooklyn! Despite rising prices, there are still deals to be had, including this 1,100-square-foot loft in move-in condition, with a balcony, marble baths, a modern kitchen, hardwood floors, and 13-foot beamed ceilings. “This apartment, which is in a building that had been a milk factory,is very chic and is half the price of a similar place in Manhattan,” said the listing broker, Shannon Reese of the Corcoran Group. The sellers, a husband who owned a software company, his stay-at-home wife, and their two kids, moved upstate in search of a more bucolic lifestyle. The buyers, a Conde Nast executive and his wife, were looking for something cool. Tracy McLean, also at Corcoran, found them this gem.
TRIBECA
53 Warren Street Five-story loft building
Asking price: $3.25 million
Selling price: $3.5 million
Time on the market: eight days
WHEEL DEAL
This 8,900-square-foot building had been used to store and sell the wheels found at the bottom of most office chairs. The owner of the company, Frederick Pfeiffer, decided to consolidate his company and sell the building. A group of investors plan to turn the building into a handful of condominiums. Peter DeCheser, his cousin Michael DeCheser, and their partner Rick DeRuyter of Massey Knakal were the exclusive brokers. The property, between Church Street and West Broadway in the neighborhood’s South Historic District, had 22 offers and sold $250,000 over the asking price.
MURRAY HILL
200 East 24th Street One-bedroom, one-bath cooperative
Asking Price: $450,000
Selling Price: $499,000
Time on the market: a week
PILING UP PAYCHECKS
This 850-square-foot postwar apartment purchase was made possible by some large investment banking bonuses. The buyer, originally from Singapore, is a young single man who has worked for an investment bank for the past three years and has saved up his lucrative paychecks for his first home purchase, said his broker, Hunie Kwon of JC DeNiro & Associates. The apartment, which boasts southern, eastern, and western exposures, hardwood floors, and built-in cabinetry, also has a doorman and an elevator. The seller, represented by Douglas Elliman agent Pamela Nichols, was a retired woman who is moving to an Upper East Side two-bedroom so she can live a quieter existence and have more room for her family when they come from out of town to visit.