KENSINGTON
124 Beverley Rd .
Three-story mixed-use building
Asking price: $775,000
Selling price: $740,000
Time on the market: two months

COMMERCIAL OPPORTUNITY This mixed-use building on the southwest corner of Beverley Road and East 2nd Street in the Kensington section of Brooklyn houses two apartments and a retail space on the first floor. The building was home to a family-owned and operated deli for 60 years before it was bought by Chinese neighbors with a restaurant across the street, said Justin Meshberg, a broker for Massey Knakal who represented the seller.

“Kensington is a very diverse neighborhood,” Mr. Meshberg said, with “a mix of Jews, Eastern Europeans, Russians, and [people from the] Middle East.” He expects property values to “appreciate dramatically” in the coming months on Beverley Road near Church Avenue, which is a commercial corridor next to a “nice” residential neighborhood.

Though Mr. Meshberg said the property was an old building not in great shape, the buyers paid approximately $224 a square foot for about 3,300 square feet in this all-cash transaction. They are planning to operate the retail space as a store, not as a deli.

MIDTOWN
415 E. 54th St .
One-bedroom, one-and-a-half bathroom condominium
Asking price: $850,000
Selling price: $835,000
Monthly cost: $900 fee, $578 taxes
Time on the market: six weeks

IMPECCABLE RENOVATION This 11th floor condominium in the St. James Tower was “beautifully maintained, needed nothing,” said Katie Rosenberg of Coldwell Banker Hunt Kennedy, who represented the seller. “It was a really nice apartment and didn’t feel like a regular old box in the sky. It felt like a sophisticated New York apartment.”

The 31-story St. James has unusual features, Ms. Rosenberg said, including saunas in every apartment and a waterfall in the lobby. The building is in quiet Sutton Place, which Ms. Rosenberg described as “one of the few neighborhoody areas left” in Midtown, with excellent cheese, butcher, and fish shops nearby.

“The style and quality of the renovation” attracted the buyer, a single partner in a law firm who had been renting, said Bonnie Brown of Coldwell Banker Hunt Kennedy, who represented her in the sale with Jim Harp. “The buyer is my best friend,” said Ms. Brown, “so it was important for me as her best friend and broker to have an emotional experience … when I saw this apartment, I knew it was what she was looking for.”

The buyer already had a house in the Hamptons with country-style decor, and was looking for a more contemporary city property. The 1,000-square-foot corner condo, with one-and-a-half marble baths and lots of windows, “was a great fit,” she said, and has interesting little details like hinges and faucets.