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.
100 Central Park South
One-bedroom, one-bath condominium
Asking Price: $449,000
Selling Price: $460,000
Monthly fees: $674
Time on the market: six days
MIDTOWN
LOWEST BIDDER WINS The investment-banking consultant was awarded this 550-squarefoot apartment in the Trump Park East at 59th Street despite the fact she did not offer the highest bid, because the seller wanted a buyer who would live in the apartment rather than use the unit for investment purposes only. “There was a higher bid but the buyers were investors and the seller wanted someone who would live there and enjoy the apartment,” said the buyer’s agent, Dana Eggert of the Corcoran Group. The unit is steps from Central Park and boasts beamed ceilings, hardwood floors, walk-in closets, and a marble bathroom. Jacqueline Kabat, also of the Corcoran Group, represented the seller, who is relocating to Minnesota.
TRIBECA
151 Hudson Street
Two-bedroom, one-bath cooperative
Asking price: $750,000
Selling Price: $715,000
Monthly fees: $799
Time on the market: one month
ALL CASH SALE This 1,000-square-foot apartment was bought with all cash because the building is transitioning into a condominium and is liquidating its underlying mortgage. In addition to the purchase price, the buyers, a poet and her banker husband, have to pay for a percentage of the building’s remaining mortgage, bringing the purchase price to a total of $760,000, according to the buyer’s broker, Hunie Kwon of JC DeNiro & Associates.
“It was so complicated, it took a lot of due diligence with the lawyers to complete the transaction,” Mr. Kwon said.
In general, condominiums are worth more than cooperatives, and the deal was worth the hassle because once the transition is complete, the unit will have an estimated price tag of $900,000, Mr. Kwon added.
The apartment, which was renovated by the sellers, a musician and interior designer, boasts raw sheets of metal implanted in the wall as design pieces, Italian tiles in the bathroom, an antique stove, and hardwood floors.
Parnell O’Connell and Paddington Zwigard of Brown Harris Stevens were the listing brokers.
MURRAY HILL
630 First Avenue
Two-bedroom, two-bath condominium
Asking Price: $935,000
Selling Price: $895,000
Monthly fees: $696.78
Time on the market: one week
LAW & ORDER The law student who bought this 1,000-square-foot apartment had lost another unit in the same building and was determined not to make the same mistake twice. “He came in and made a solid offer, so we grabbed it,” said the listing broker, Jeff Silverstein of Dwelling Quest.
The unit has views of the East River, marble bathrooms, slate floors throughout, and a large column that gives it a loft-like feel. The full-service postwar building has a pool and health club, along with a doorman, concierge, and garage. The seller, a single woman who works in the computer field, is looking to scale down and buy a one-bedroom apartment.
Zoraida Morales of Madison Properties Realty represented the buyer.