Out and About: Hard sell goes in just four months

Nice views from two-bedroom Upper West Side apartment.

An attractive apartment in a good location that has all the right features and a reasonable price normally sells with relative ease.

The two-bedroom, two-bath condo on a corner of Amsterdam in the low 90s had everything going for it — everything but the ability to see beyond the white panels that shrouded the windows for months during construction.

While property on the market often demands a buyer’s vision, this one called for an unbridled imagination.

With baths dating to 2002, an airy layout and an acceptable open kitchen a level below glamorous, excellent hardwood flooring, a dining gallery, washer/dryer and an above-average amount of closet space, the corner apartment in was listed in early May at $1.395 million with common charges of $787 and real estate taxes of $1,008 per month.

Even though the price remained stuck at its original ask, which seemed high to me, the unit in a 1928 doorman building somehow went to contract just two weeks ago.  I congratulate the brokers involved and, most of all, buyers who obviously were able to see beyond the apartment’s temporary liabilities.

Below are some of the apartments that I visited over the summer (each of them now under contract) and that various other brokers have listed:

  • On Riverside Drive in the low 100s, a two-bedroom, two-bath co-op facing walls in all directions.  With old and narrow eat-in kitchen, worn baths, refinished (if stained) floors, dining room and the necessity of a general cosmetic overhaul, this 1,400-sf unit in a 1926 doorman building seems priced at $1.1 million with monthly maintenance of $1,448 to sell for just under $1 million to avoid the “mansion” tax. 
  • A one-bedroom co-op in the high 70s between Columbus and Amsterdam avenues.  In close to estate condition, the apartment has a small old kitchen, floors that need to be replaced, northern exposures over a busy street, well proportioned rooms and generous closet space in a 1910 pet-friendly building with part-time doorman and live-in super.  At $675,000 with maintenance per month of $1,375, the price does not fully account for the unit’s poor condition.
  • A 2,337-sf condo in a modernized and discreetly elegant 1898 building that has two other units lingering on the market for months.  With high-end everything, monster master bath, two other stylish baths, windowless “office,” handsome open kitchen, washer/dryer, exceptional closet space, gorgeous cherry floors, 36-foot-long living room, 10.5-foot-high vaulted ceilings, small balcony and mostly obstructed northern exposures, this Lincoln Square apartment is offered for an optimistic $3.85 million with common charges of $2,879 and real estate taxes of $1,700 per month.
  • In the mid 80s between Amsterdam and Columbus avenues, a studio in which part of the eat-in kitchen is ludicrously misrepresented as a dining room.  The adequate kitchen has painted wooden cabinets and older appliances.  Other aspects include a sunken living room, good-size foyer and somewhat limited light from the entrance courtyard of the pet-friendly 1948 building with laundry and private storage as its only amenities.  The asking price of $399,000 with low maintenance of $596 for this 520-sf co-op is appropriate. 

Tomorrow: Auction in Queens

To take your own bite out of the Big Apple, you can privately search all available listings for your new home.

Subscribe by Email

Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201

Malcolm@ServiceYouCanTrust.com
Web site

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s