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.

GRAMERCY
201 E. 21st St.
1-bedroom co-op
Asking price: $850,000
Selling price: $850,000
Time on market: 7 months
PARENTHOOD The young couple selling this one-bedroom “literally had a baby in the midst of the process. They needed a bigger apartment,” a Corcoran broker who represented the seller, Kip Hakala, said. The apartment they sold, however, certainly wasn’t tiny.
“There was a big foyer, and there was the biggest closet I’ve ever seen,” Mr. Hakala said. “It was epic. I think it was probably the size of my bedroom.” The apartment has a study, which could be converted to a second bedroom. The terrace, which runs along the den and the bedroom, has an expansive view of the city and nearby buildings. “You could see down into people’s apartments,” Mr. Hakala said.
The couple first listed the apartment in April, but a deal fell through in June. That didn’t matter to the sellers, who raised the asking price from $835,000 to $850,000.
A contract was finally signed in August, though board approval didn’t come through until October. Mr. Hakala and Heather Sargent, both of Corcoran, represented the sellers, and Rajan Khanna of Brown Harris represented the buyer.
UPPER EAST SIDE
520 E. 76th St.
Studio co-op
Asking price: $310,000
Selling price: $300,000
Time on market: 5 weeks
FORCED TO SELL The woman who sold this apartment had thyroid cancer and needed money to pay medical bills. The studio has five south-facing windows, with views of the city and the river. But New York’s air aggravated the seller’s illness, so she had to move upstate, the Citi Habitats broker who represented her, Stephanie Morrell, said. When it came time to sign the contract, however, the seller didn’t show up.
Ms. Morrell called the apartment, then talked with the superintendent. The two of them went into the seller’s apartment, and she wasn’t there. Ms. Morrell called six hospitals before finding her client.Ms.Morrell picked her up and helped her check out, planning to take her home. But the seller resisted.
“She said, ‘Come on, let’s go back to your office,’ in a voice I could barely hear,” Ms. Morrell said. “It was such a hard emotional moment because there she was, all bundled up, and she’s signing the contract with her right hand, and on that hand is the hospital bracelet.”
Kathie Hanford of Corcoran represented the buyer.
UPPER EAST SIDE
343 E. 74th St.
1-bedroom condo
Asking price: $650,000
Selling price: $625,000
Time on market: about 3 months
WHAT THEY NEEDED The couple who bought this apartment wanted a co-op but worried about passing muster with a co-op board. She works in business; he earns a modest salary working for a church but does get a generous housing allowance.
This 769-square-foot condo required only 10% down, with no board approval necessary. “It has the amenities of a condo, but the lower closing costs of a co-op,” the Citi Habitats broker who represented the buyers, Noah Rosenblatt, said.
“And they were buying shares in a corporation like a co-op. It was the perfect solution for what this couple needed.”
Amenities included a washer and dryer in the apartment, 24-hour concierge service, and a free health club. The unit faces north and east, and the 30-foot living room could be converted to a second bedroom, the GHK broker who represented the seller, Rita Fisher, said.
Kim Rand of Corcoran also represented the seller.