Real Estate Weekly
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Done Deals: A standout studio

A team of Compass agents recently made easy work of selling a Greenwich Village studio, closing in nine days and above ask, in a building where similar units were selling for less or not at all.


49 West 12th Street Apt. 5H, ended up selling for $725,000, (after asking $695,000) and according to one of the agents, Ian Lefkowitz, went into contract after just three days, because the home saw immediate interest. An open house drew 25 people, followed by a flurry of bids.

What helped create the demand was that the seller, who lived in the home for 10 years, had gut renovated the apartment early on, including the installation of a wall around the home’s alcove area, making it feel more like a true one-bedroom and maximizing storage options.

“She kept it immaculate and extremely well-maintained and it had incredible closet space,” said Lefkowitz. “That helped us. The photos we got showed a lot of light.”

Additionally, the unit, unlike many other studios in the neighborhood, had a real kitchen instead of just a kitchenette. Another highlight of the listing is that it faced a courtyard, with through-wall AC for unobstructed views.

Ultimately, the winning bidders were a couple with a bulldog, who, said Lefkowitz, seemed like they would appreciate the home the most, and were therefore chosen over another bidder at the same price point.

Other agents involved in the sale were Clayton Orrigo, Stephen Ferrara and Compass’s Hudson Advisory Team. Michael J. Franco and Miriam Richards of Compass Real Estate represented the buyers.

Midtown East
400 East 56th Street, 36-P $1,650,000

This sale had the highest price paid in 2019 at 400 East 56th Street for a two-bedroom and 2-bath home. The balcony offers panoramic views of the East river, the iconic Chrysler and Empire State Buildings and One World Trade Center. This apartment required a total renovation and features an en-suite windowed master bathroom, dining room, and windowed kitchen.

Plaza 400 has a private seasonal outdoor pool and sundeck, resident lounge, fitness center, on-site parking garage and 24-hour doorman/concierge and children’s playroom.

Last asking price: $1,590,000. CC: $3,444 (utilities included). Days on market: Over 192.

Agents: Debi Pine and Katriona Kearney/Brennan Real Estate L.L.C. (now Engels & Volkers Brownstone Brooklyn). Buyer’s agent: Kathy Matson (pictured), LREB.

Prospect Heights
873 Pacific Street

The garden unit at 873 Pacific was the last remaining home at this address, and is a 1642 s/f one-bedroom/convertible two-bedroom /1.5 bath duplex.

The home comes with a private parking spot and 988 s/f of outdoor space including a 675 s/f planted garden.

This new eight-unit boutique condominium features units with 5″ oak floors and floor-to-ceiling windows. Additional highlights include a key-locked elevator, in-unit washers and dryers, central A/C, terraces and a bike room.

Asking price: $1,499,000. CC: $468. Monthly taxes: $646. Agents: Nicole Hechter (pictured), Asaf Bar-Lev, Noelle Bailly, Corcoran.

Lenox Hill
140 East 72nd Street #8B

Two-bedroom, 2-bath co-op in building with fitness center and children’s playroom. Parking is available separately in the adjacent garage facility. Newly renovated lobby and elevators. A washer and dryer is permitted in the apartments. Pied-a-terres permitted. Two percent flip tax payable by the buyer.

Asking price: $1,495,000. CC: $2,345. Days on Market: 77. Agents: Michael J. Franco (pictured) and Greg Holzmann, Compass Real Estate, represented the buyers. Lili Gross, Compass, represented the seller.

Central Harlem
239 West 148th St, Apt. 3S

Two-bedroom, 1-bath home features living room with enough space for dining area, an open kitchen, built-in microwave and a pantry. The split two bedrooms and the living room face south. Maintenance payment includes heat, hot water and cooking gas.

Asking price: $555,000. CC: $713. Days on market: 54. Agents: Celine Coudert, Warburg Realty (pictured), and Sofia Corradini, Keller Williams.

301 East 79th Street, 23F

This one-bedroom, 1-bath apartment in Continental Towers boasts one of the few L configurations in the building. The bathroom has been fully renovated. The kitchen has a double oven. Pets are allowed and there is a gym in the building for owners only and a rooftop garden.

Asking price: $865,000. CC: $554. Days on market: 66. Agents: Janet Traynor, Warburg Realty (pictured), and Mariana Bekerman, Bond NY.

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