Compass agent Orren Azani felt the Amazon effect when he listed a Long Island City condo he just sold.
Buyers initially overlooked the one-plus bedroom at the Badge Building (pictured top) when it hit the market last summer at $849,000.
But when Amazon announced it would build its HQ2 there last November, it sparked a bidding war and the condo ultimately closed at $859,000 – the same day the tech giant did a u-turn on its headquarters plan.
“It was amazing to see something sit on the market for four months and then, all of a sudden, go above ask,” said Azani. “The market took a 180 turn and then, literally, turned right back again. Because of this sliver in time, the buyers had to pay a premium for what had been one of the least expensive units in the building at the time.”
But it was c’est la vie for the buyers, a couple in the design business who’d been after the apartment for all the right reasons. At 822 s/f with a bonus room that could be used as an office, study or nursery, the apartment has enough space for them, along with a renovated kitchen, washer/dryer and central air.
Azani said the buyers have no regrets. “During a slower market, you have time to consider an offer, but when it becomes frenzied, as it did here, you have to move very quickly.
“This was one of the larger units in the price point and it made sense for them. Their decision to buy just fell into a snapshot of time that saw a fluctuation in the market.”
Azani repped both buyer and seller in the sale of unit 2H at 10-55 47th Avenue.
303 W149th St.#5A
Two-bedroom, 1-bath condo near Jackie Robinson Park. Main living area features hardwood floors, recessed lighting and an exposed brick accent wall. Fully-equipped kitchen including granite counter tops and high-end appliances by Frigidaire and Blomberg. Master bedroom offers a view of the tree-lined street. Bath with a full-sized tub and marble floors. Tax abatement until 2024. Asking Price: $539,500. CC: $467. Days on the Market: 16 weeks. Agents: Chen Mishael, Keller Williams; Daniel Castillo, Citi Habitats.
Upper East Side
118 E60th St. #24A
Newly renovated, one-bedroom, 1-bath co-op with Italian designer touches. Brand-new Scavolini kitchen with top-of-the-line appliances. Ultra-modern bath with glass enclosed shower and Lava stone accents by design firm Casa Piu. Five closets and crown molding throughout. Located in the Plaza Tower, a white-glove building with full-time staff and residents’ roof deck. Asking Price: $585,000. CC: $1,543 per month. Days on the Market: 6 weeks. Agents: Victoria Vinokur, Halstead; Cyla Klein, Citi Habitats.
401 E89th St. #3B
One bedroom, 1-bath recently renovated and never lived in. Windowed kitchen with granite counter tops and flooring, stainless steel appliances and a breakfast bar. The kitchen is open to the living room and dining area. 123 s/f enclosed terrace that functions as an additional room. Oak strip flooring, crown moldings. Agents: Susan Burris and Meryl Jacobs, Halstead; Teresa Staiano, Triple Mint.
1601 Third Ave. #24F
1,161 s/f two bedroom, 2-bath at the Ruppert Yorkville Towers Condominium where all utilities are included in the monthly common charges. Currently configured as a two bedroom plus home office but converts to a three bedroom and features direct Southern exposure. Asking price: $1,599,000. CC: $1,274. Time on market: 262 days. Agents: Cash bernard, Platinum Properties; Olgierd Minkiewicz, Triplemint.
25 Sutton Pl.#4N
Two bedroom, 2-bath apartment overlooking the East River. Corner home with separate, double-exposure dining area. Lliving and dining rooms face the water, with views of Silvercup Studio and Pepsi signs. Asking Price: $1,449,000. CC: $3,186. Days on Market: 91 Days. Agents: Steven Gottlieb, June Gottlieb, Warburg Realty; Max Jimenez of Halstead Property.
145 E15th St. #17A
One bedroom, 1-bath with living room that accommodates a sitting area and a full-size dining table. The windowed kitchen has stainless steel appliances, glass tile backsplash, slate floors, poured concrete counter-tops and a built-in window seat with storage. Among the four California closets are a custom walk-in, a closet in the foyer closed off by French doors, a linen closet and a bedroom closet. Bamboo floors, through-the-wall A/C, crown molding. Asking Price: $795,000. CC: $1,165. Days on Market: 21 Days. Agents: June Gottlieb, Warburg Realty; Caroline Dyson and Carter Wilcox, Corcoran; Joanne Greene, Brown Harris Stevens.
205 Third Ave. #16C
Two bedroom, 2-bath corner unit with sweeping views, abundant light and a windowed dining alcove. Separate entry foyer, picture windows and several large closets. Full service building. Agents: Ivana Tagliamonte and Kyle Haas, Halstead; Jessica Cohen, Douglas Elliman.
54 Chestnut Ridge Rd.
Colonial home with two story foyer, living room with fireplace opens to dining room with French doors that lead to a deck. Updated kitchen and breakfast room that opens to a family room. Office, powder room and mudroom on the first floor. The second floor features master suite with fireplace, two walk-in closets. Four additional bedrooms with two full bathrooms complete the upper level. Walk-out lower level offers two full bath and recreation room. Asking Price: $1,137,264. Agents: Houlihan Lawrence; Raj Jay Kana, R New York.