Sellers await a better offer only at their own risk

It isn’t often that initial offers and subsequent contract prices are made public.  However, one transaction that recently surfaced demonstrates an important point.

When Alex Reyfman, former head of credit derivatives research for Bear Stearns, sold his co-op at 245 West 107th St. to William H. Ulfelder, who became the Nature Conservancy in New York’s director earlier this year, the price was $1,555,000.

This is what $1.555 million buys.

This is what $1.555 million buys.

The listing says the apartment has three bedrooms, a chef’s kitchen, a walk-in pantry, a 54-bottle wine refrigerator, a library, a 26.5-foot-long living room and white oak plank floors. Continue reading