Talk about boom and bust. When Corcoran’s Sydney Blumstein, of The Blumstein Team, listed a FiDi one-bedroom in 2009, the price dropped to $645,000 as it languished on the market for a year without a buyer.
The 650 s/f loft at the white glove 150 Nassau condominium seemed to have it all. Granite kitchen, oak floors, built-in flat screen televisions and custom closets.
But, said Blumstein, no-one wanted to buy following the Lehman collapse. “The owner worked out a deal with their tenant, who agreed to apply 50 percent of their rent toward the purchase price and sign a contract at $635,000, with a net effective purchase price at $620,600,ˮ recalled the veteran agent.
When the buyer backed out of the deal and relinquished the apartment to another tenant, the owner was gutted — that is, until Blumstein listed it again, this time at $725,000.
That was in June and, within 20 days, the apartment was in contract and the sale closed last month.
“It’s amazing how much the market has changed in four years,ˮ said Blumstein. Jean Lo, Cicada International brought in the buyer.
3555 N. Kings College Place, #1G,
850 s/f two-bedroom, 1-bath newly renovated co-op with eat-in-kitchen, hardwood floors and lots of closets. Indoor garage, laundry on premises and natural lighting with front view. Close to transportation. Apartment has spacious entry foyer and dining room. Last asking price: $147,000. CC: $683. Days on the market: 603. Agents: Carmen Singh, Diana Alvardo Milone Inc.; Gordana Cacinovic, Houlihan Lawrence.
12 E97th St. #10H
Two-bedroom apartment with marble bathrooms with soaking tub, custom built-in closets, and windowed chef’s kitchen with granite counters and stainless steel appliances. Asking Price: $999,000. CC: $2,092. Agent: Nicole Gary, Keller Williams NYC.
Upper East Side
200 E66th St. #C6-04
Two bedroom, 2-bath condo in Manhattan House. 1,489 s/f open layout, including a formal dining area. Hardwood floors, energy-efficient windows, marble baths. Glass-enclosed lobby overlooks private garden. Amenities include 24-hour doorman, valet parking, 10,000 s/f of entertainment space, spa and fitness center, yoga studio, children’s playroom, and concierge services. Asking Price: $2,510,000. CC: $1,459. Days on the Market: 25 weeks. Agents:Corcoran Sunshine; Victoria Rong-Kennedy, Citi Habitats.
Upper East Side
401 E84th St.
1,133 s/f corner two-bedroom, 2-bath condo with open city views and 23 ft. terrace, marble bathrooms, high ceilings. Full service, 24-hour doorman concierge building with roof deck, party room, children’s playroom, health club. CC: $1,425; Asking price: $1,350,000. Nine weeks on the market. Agent: Bijan Amini, Coldwell Banker Bellmarc .
400 E59th #14B
High floor, 800 s/f one bedroom, one windowed bath, corner apartment with south and east exposures. Windowed kitchen, two walk-in closets. Full-service pre-war co-op building. Electricity and basic cable included in the maintenance. CC: $1,767; Asking price $699,000; 20 weeks on the market. Brokers: Greta Elias, Coldwell Banker Bellmarc; Jeanne Bucknam, Sotheby’s.
140 E40th St. #3J
Pre-war studio co-op. Updated kitchen, windowed bath, casement windows and three closets. Original parquet floors and 9 ft. ceilings throughout. Art Deco building has roof deck with views of the Empire State Building, restored lobby, a common laundry room, residents’ storage, and a live-in super. Asking Price: $300,000. CC: $527. Days on the Market: 16 weeks. Agent: Royce Cara Berler, Citi Habitats.
14 Prince St. #6D
Corner penthouse with private terrace in pre-war doorman condo. Originally a two bedroom, it has been modified to a one bedroom with a large master suite. Living room has 23ft. folding glass wall system that open to terrace. Alcove windowed kitchen.European inspired bathrooms double as dry saunas. 12 ft. of custom closet space, electric air conditioning. Building has a courtyard and garden, bicycle room, storage facilities, live-in super and part-time doorman. On the market: 115 days. Asking price: $2,250,000. Agents: Jimmy Brett and Angela Luttrell, TOWN Residential.
30 Harrows Lane
Five-bedroom, 4.5-bath contemporary colonial in gated community of Morningside. 4,218 s/f home has a new, gourmet kitchen adjacent to a family room with stone fireplace. Living room serves as a home theatre with fireplace, and a master suite has a marble spa bath. There is wrap-around porch with beautiful views. Close to local sports court, tennis court and pond. Asking price: $1,299,000. Taxes: $21,827. On the market 193 days. Agents: Susan Glasgall; Houlihan Lawrence; Janet Striffler, Houlihan Lawrence.