WEST VILLAGE
99 Bank St.

Studio co-op
Asking price: $499,000
Selling price: $499,000
Time on market: 4 weeks

PROFESSIONAL HELP A 475-square foot studio at 99 Bank St. just sold for $499,000. The cozy co-op was initially put on the market at $525,000 but was soon reduced by $26,000 to a level the seller felt would generate more excitement, and it did. Brian Lewis of Halstead said that despite strong interest in the property, the owner wasn’t greedy and was happy to sell at his agreed price as soon as he found a suitable buyer. The purchaser was the daughter of a famous architect Mr. Lewis said that while the apartment is in great condition, there’s room for a few minor aesthetic improvements. No doubt the new owner’s father may lend a hand on the design side.

MIDTOWN EAST
245 E. 54th St.

Studio co-op
Asking price: $325,000
Selling price: $315,000
Time on market: 8 weeks

MOVING UP A small studio at 245 E 54th St. closed last Friday for $315,000 The co-op apartment was purchased as a pied-a-terre by a man from San Francisco. The seller was a woman who was moving up – literally. She purchased a larger apartment in the same building on a higher floor.

Rita Friedman of Bellmarc, herself a resident of the building, known as the Brevard, said that such in-house transactions aren’t uncommon. She’s currently working on two similar deals and said that over the years there have been many others. “Once somebody feels at home in a building, they don’t want to leave,” she said.

GREENWICH VILLAGE
22 Cornelia St.

Studio co-op
Asking price: $359,000
Selling price: $340,000
Time on market: 1 week

ANXIOUS TO BUY A 325-square-foot studio at 22 Cornelia St. closed last week for $340,000. S. Hunie Kwon of JC DeNiro & Associates, who represented the buyer, said there was strong interest in the pre-war co-op, which was purchased by a man in his late 20s who works in publishing.

The all-cash transaction was financed by the buyer’s parents. The gentleman, whose lease was about to expire, was one of the first to see the property and was anxious to buy. The contract was signed in late January after just one week on the market.