Real Estate Weekly
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Residential

Done Deals: Penthouse Strategy

Citi Habitats agent John Farrell helped an international client buy Penthouse A at The Twenty 1 condominium at 117 West 21st Street for $8.4 million.

The four-bedroom, 3.5-bath duplex sits on the top two floors of the boutique building of just nine full-floor homes.

John Farrell

“As an investor, my client was in search of a Manhattan property that offered tremendous upside,” Farrell said. “After showing him several different options, it became clear that nothing was going to match the price-per-square-foot value provided by Penthouse A.”

“Best of all, through negotiation and strategic patience, we were able to secure the property for a substantial $1.1 million discount,” Farrell said. “It’s potentially one of the best deals you’ll see all year.”

The next step for Farrell will be to find a renter for this one-of-a-kind trophy property. “With nearly 4,500 s/f. of living space, the home is truly massive – and the private keyed elevator will appeal to a tenant who values the ultimate in privacy,” he explained.

Ryan Serhant of Nest Seekers represented the seller.

MANHATTAN

Washington Heights
4260 Broadway, #306
$550,000

Circa 1920 Classic 6 condo with three bedrooms, separate dining room, one full bath and plumbing for a second bath. Fixer-upper with substantial pre-war charm, including original woodwork and moldings, solid brick walls behind plaster, high ceilings. Asking Price: $625,000. CC: $674. Days on the Market: 16 weeks. Agents: Iris Walls, Halstead Property; Joshua Thissell, Citi Habitats.

Lenox Hill
305 E72nd St. #6F
$775,000

Renovated one bedroom apartment in the Charing Cross House full service, 24-hour doorman, post-war co-op. Kitchen with stainless-steel appliances, pull-out trash cabinet, under cabinet lighting, black quartz countertops. Marble bathroom with Statuary mosaic floors. Engineered Hickory wood floors throughout. Built-in closets. Asking price: $775,000. CC: $1,325. Time on market: 29 days. Agent: Seamus (James) McCotter, R New York.

Upper West Side
112 W72nd St. #12F
$730,000

Corner unit on the 12th floor. King-sized bedroom, living room, a windowed bathroom, three closets, hardwood floors, through-wall AC and 9 ft. ceilings. CC: $465.16. Asking Price: $760,000. Time on Market: 7 Weeks. Agents: Laurie Klugman, City Connections Realty; Mark Becker, Real NY Properties.

Midtown East
153 E57th St. #15A
$539,000

Jr. one-bedroom co-op on the 15th floor of the Gotham Town House. Oversized picture windows and crown molding in the living room. Walk-in closet at entry, separate kitchen with dishwasher/microwave and queen-sized enclosed bedroom area. Full-service building amenities include 24-hour doorman, live-in super, laundry and onsite garage. Maintenance include sall utilities. Asking Price: $539,000. CC: $989. Days on the Market: 4 weeks. Agents: Nikki Adamo, Compass; Candace Medina, Citi Habitats .

Flatiron
23 East 22nd St. #14A
$4,430,000

1,328 s/f two bedroom, 2-bath home with views over Madison Square Park to the Empire State Building through floor-to-ceiling windows. Open kitchen with a CentraRuddy – Juul-Hansen designed interior with grained satin rubbed Indian Laurel wood cabinetry, Gaggenau appliances, and 9 inch wide solid quarter sawn white oak floors throughout. Bathrooms have radiant floors, Calcutta marble and Travertine tile. Hdden Bosh washer and dryer, multi zoned Nest thermostats. Automated window shades installed throughout. One Madison has the ONE CLUB designed by Yabu Pushelburg which is a residents-only space with 10,000 s/f of amenities including a private dining room, catering kitchen, screening room, fitness center, pool, spa and playroom. Asking price: $4,495,000. CC: $2,432. Time on Market: 192 days. Agents: Julia Hawkins, Douglas Elliman; Sung Rah, R New York.

Tribeca
200 Chambers St. #6U
$1,350,000

11 ft. floor to ceiling windows, open chef’s kitchen and large living area. Kitchen is equipped with Basaltina lava stone countertops and stainless-steel appliances including Subzero, Viking and Bosch. The bathroom has imported Calacatta marble and Crema Marfil tiling. Three closets including one walk-in. building features a doorman, concierge, 24-hour gym, sky-lit indoor pool, resident’s lounge, landscaped roof-top terrace, playroom, and a waterfall courtyard garden. Asking price: $1,350,000. CC: $760. Time on market: 88 days. Agents: Alexander Madrigal & Fredrik Eklund, Douglas Elliman; Wei Min Tan, R New York.

BROOKLYN

Clinton Hill
355 Clinton Ave. #4E,
$600,000

Two bedroom home in the Clinton Hill Co-Ops. Living area and bedroom, dishwasher and endless closet space. The building itself close to the G train hub. Pet-friendly building with laundry area, new elevators and 24-hour security. CC: $829. Asking Price: $630,000. Time on Market: 8 Weeks. Agents: Terrence Harding, Compass; Megan Niwinski, City Connections Realty.

Greenpoint
61 Engert Ave. #1
$1,530,000

Garden-level duplex at the McCarren Condominium adjacent to McCarren Park. Main level has living and dining area, open chef’s kitchen, two bedrooms, one full bathroom and a large private garden with ipe decking. Downstairs are flexible rooms, a bathroom, two walk-in closets and storage area. High ceilings, hardwood floors, zoned central heating and cooling, in-home laundry, and video intercom. Asking Price: $1,595,000 Days on the market: 89 Days Agents: Sydney Blumstein, Justine Lee-Mills & Blumstein Team, Corcoran; Stefanie Barlow, Corcoran.

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