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Done Deals: Combined home closing
Despite the challenges involved in selling a combined apartment, a group of Compass agents found the right buyers appreciative of the space an Upper West Side four-bedroom home (formerly two units) offered, even getting $15,000 above ask.
The seven-room home at 336 West End Avenue #7CD, a prewar co-op, closed for $2,715,000, but it wasn’t an easy sell; the unit spent 215 days on the market. Selling agent was Compass’s Marcy Grau. Representing the buyers were Compass’s Michael J. Franco and his team Miriam Richards and Greg Holzmann.
Prior to the sale, the home was renovated by Mark Stumer of Mojo Stumer Associates to create a large open plan living room and sunken dining area.
On the sale, the agents said the fact that there was enough space for the buyers’ growing family is what sealed the deal, along with the unique layout. On the downside, the fact that the unit was combined meant more work for everyone involved and this delayed the closing by three months.
“In general, one of the biggest issues I find with combinations is the legal status of the apartments,” said Franco. “Unfortunately in my experience this is often not the case because quite often, at least with co-ops, the final letter of completion is inadvertently not obtained by the architect handling the job. Sellers should always ensure their apartment combinations are finalized legally in order to avoid delays in closing. Buyers should always ask the same question when visiting combos as well.”
MANHATTAN
Manhattan Valley
220 Manhattan Avenue 1B
$645,000
This second floor one-bedroom condominium overlooks Central Park and manicured gardens with views from every room.
The kitchen features stainless Bosch dishwasher, gas range, microwave, refrigerator, granite countertops and custom fit cabinets. There are newly installed floors, an updated bathroom and oversize windows.
Asking price: $665,000. CC: $361. Monthly taxes: $474. Days on market: 103. Agents: Seller represented by owner, buyer represented by Michael J. Franco and Greg Holzmann, Compass.
Chelsea
440 West 23rd Street Apt. $2,650,000
Parlor floor two-bedroom, 2-bath duplex in the Fitzroy Townhouses on a tree-lined block one block from the High Line Park.
This co-op has been renovated and has 12’6” ceilings, two wood burning fireplaces, a 140 s/f south-facing terrace, central air conditioning, washer/dryer, and new finishes. Highlights include an antique Edwardian Welsh black slate mantel in the living room, an antique Italianate marble mantel with summer front in the master bedroom, and customized lighting, mouldings, bannister snd closets.
The master bedroom, with a terrace and wood-burning fireplace, has an en-suite bath. Downstairs is the second bedroom with a full bath, and a washer/dryer.
Asking price: $2,795,000, CC: $583.57. Days on market: 117.
Seller represented by Michael Johnson and Hayim Nommaz, Corcoran (pictured). Buyer represented by David Palmieri, Citi Habitats.
NoMad
225 Fifth Avenue 5E
$3,600,000
Two bedroom three-bath condo in the Grand Madison, a building with a 24-hour doorman, concierge, valet services, dry cleaning, maid services, and a private fitness center in addition to the on-site 24-hour gym.
The home’s corner great room boasts Empire State Building views, 10’ ceilings, oak hardwood floors throughout and a separate nook for a home office. The master suite features a dressing area, two custom closets leading to marble en-suite bath with double vanity sinks, a soaking tub and separate glass shower. The second bedroom features custom closetry and a marble en-suite. 5E also features central a/c, washer/dryer, and a private 67 s/f storage room located on the same floor.
Listing agent: Rory Clark, Halstead (pictured). Buyer’s Agent: Erika H. Burk, Corcoran.
Battery Park City
30 West Street, 27
$1,168,000
This one-bedroom, 1.5 bath apartment is perched on the 27th floor of Manhattan’s first “green” condominium, Millennium Tower Residences.
The home has east-facing floor-to-ceiling windows, and 875 s/f of living space with Brazilian cherry hardwood floors, refined modern appointments, and a convenient vented washer/dryer.
Asking price: $1,235,000. CC: $984. Taxes: $1309.Weeks on market: 29. Buyer’s agent: Carole Armstrong, DJK. Seller’s agent: Anne Rossi, Compass (pictured).
Murray Hill
137 East 36th St., Apt. 11
1 Bed, 1 Bath
$775,000
11A is a 1100 s/f one-bedroom, 1.5 bath home offering south and west exposures with Empire State Building views. Two glass enclosed solariums and the floor plan can be converted to a two-bedroom. A powder room is located off the foyer. The bedroom has a walk-in closet and an en-suite bath with a double sink vanity.
Asking price: $825,000. CC: $2,491. Days on market: 38. Agents: Gill Chowdhury, Warburg Realty, (pictured) and Julie Perlin, Compass.
The post Done Deals: Combined home closing appeared first on Real Estate Weekly.
Done Deals: Combined home closing
Despite the challenges involved in selling a combined apartment, a group of Compass agents found the right buyers appreciative of the space an Upper West Side four-bedroom home (formerly two units) offered, even getting $15,000 above ask.
The seven-room home at 336 West End Avenue #7CD, a prewar co-op, closed for $2,715,000, but it wasn’t an easy sell; the unit spent 215 days on the market. Selling agent was Compass’s Marcy Grau. Representing the buyers were Compass’s Michael J. Franco and his team Miriam Richards and Greg Holzmann.
Prior to the sale, the home was renovated by Mark Stumer of Mojo Stumer Associates to create a large open plan living room and sunken dining area.
On the sale, the agents said the fact that there was enough space for the buyers’ growing family is what sealed the deal, along with the unique layout. On the downside, the fact that the unit was combined meant more work for everyone involved and this delayed the closing by three months.
“In general, one of the biggest issues I find with combinations is the legal status of the apartments,” said Franco. “Unfortunately in my experience this is often not the case because quite often, at least with co-ops, the final letter of completion is inadvertently not obtained by the architect handling the job. Sellers should always ensure their apartment combinations are finalized legally in order to avoid delays in closing. Buyers should always ask the same question when visiting combos as well.”
MANHATTAN
Manhattan Valley
220 Manhattan Avenue 1B
$645,000
This second floor one-bedroom condominium overlooks Central Park and manicured gardens with views from every room.
The kitchen features stainless Bosch dishwasher, gas range, microwave, refrigerator, granite countertops and custom fit cabinets. There are newly installed floors, an updated bathroom and oversize windows.
Asking price: $665,000. CC: $361. Monthly taxes: $474. Days on market: 103. Agents: Seller represented by owner, buyer represented by Michael J. Franco and Greg Holzmann, Compass.
Chelsea
440 West 23rd Street Apt. $2,650,000
Parlor floor two-bedroom, 2-bath duplex in the Fitzroy Townhouses on a tree-lined block one block from the High Line Park.
This co-op has been renovated and has 12’6” ceilings, two wood burning fireplaces, a 140 s/f south-facing terrace, central air conditioning, washer/dryer, and new finishes. Highlights include an antique Edwardian Welsh black slate mantel in the living room, an antique Italianate marble mantel with summer front in the master bedroom, and customized lighting, mouldings, bannister snd closets.
The master bedroom, with a terrace and wood-burning fireplace, has an en-suite bath. Downstairs is the second bedroom with a full bath, and a washer/dryer.
Asking price: $2,795,000, CC: $583.57. Days on market: 117.
Seller represented by Michael Johnson and Hayim Nommaz, Corcoran (pictured). Buyer represented by David Palmieri, Citi Habitats.
NoMad
225 Fifth Avenue 5E
$3,600,000
Two bedroom three-bath condo in the Grand Madison, a building with a 24-hour doorman, concierge, valet services, dry cleaning, maid services, and a private fitness center in addition to the on-site 24-hour gym.
The home’s corner great room boasts Empire State Building views, 10’ ceilings, oak hardwood floors throughout and a separate nook for a home office. The master suite features a dressing area, two custom closets leading to marble en-suite bath with double vanity sinks, a soaking tub and separate glass shower. The second bedroom features custom closetry and a marble en-suite. 5E also features central a/c, washer/dryer, and a private 67 s/f storage room located on the same floor.
Listing agent: Rory Clark, Halstead (pictured). Buyer’s Agent: Erika H. Burk, Corcoran.
Battery Park City
30 West Street, 27
$1,168,000
This one-bedroom, 1.5 bath apartment is perched on the 27th floor of Manhattan’s first “green” condominium, Millennium Tower Residences.
The home has east-facing floor-to-ceiling windows, and 875 s/f of living space with Brazilian cherry hardwood floors, refined modern appointments, and a convenient vented washer/dryer.
Asking price: $1,235,000. CC: $984. Taxes: $1309.Weeks on market: 29. Buyer’s agent: Carole Armstrong, DJK. Seller’s agent: Anne Rossi, Compass (pictured).
Murray Hill
137 East 36th St., Apt. 11
1 Bed, 1 Bath
$775,000
11A is a 1100 s/f one-bedroom, 1.5 bath home offering south and west exposures with Empire State Building views. Two glass enclosed solariums and the floor plan can be converted to a two-bedroom. A powder room is located off the foyer. The bedroom has a walk-in closet and an en-suite bath with a double sink vanity.
Asking price: $825,000. CC: $2,491. Days on market: 38. Agents: Gill Chowdhury, Warburg Realty, (pictured) and Julie Perlin, Compass.
The post Done Deals: Combined home closing appeared first on Real Estate Weekly.