Real Estate Weekly
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Done Deals: Reaching new heights

Jenifer Tavarez of BOND just closed a sale in Jackson Heights that set a record price for condos in the area at $574,000 ($913 psf).

The home, a renovated one-bedroom, 1-bath at 3520 Leverich St. unit B631, was on the market for 76 days before closing, the biggest challenge being the listing price, $579,000.

“The unit was only 629 s/f. No condo had ever sold in Jackson Heights for that price point per square foot,” said Tavarez. “Additionally, the building didn’t have cooking gas which was also very challenging.”

Still, Tavarez didn’t discount the price until the closing, and even then it was only trimmed down by $5,000. This was because the home had been renovated and she also believed the location was an asset. “I had seen so much growth in the neighborhood in the past couple of years that I really wanted to test the market,” the agent said.

Together, she and business partner Keith Wong marketed the property on all the listings websites and also hosted their signature, weekly Sunday mimosa open house tour. Ultimately, they found their buyer in an investor doing a 1031 exchange. Tavarez said the main draw was the unit type, which can be hard to come by in the area.

“Jackson Heights is known for all of the co-op buildings; there are only seven condo buildings,” she said. This unit was located in the only condo full-service building that offered a full-time doorman, swimming pool, and in door parking garage. We used these unique amenities to help overcome our challenges.”

Peter Poljan, Poljan properties, represented the buyer.

Turtle Bay
155 East 49th Street #9C
Renovated studio alcove apartment with 400 s/f of space, an updated kitchen with new appliances, a windowed bathroom, and a customized, built-out closet.

This pre-war co-op building has a full-time doorman, new laundry facilities, and a live-in super. Its location is close to Grand Central Station.

Asking price: $420,000. Days on the market: 197. CC: $846. Seller’s agents: Daniel Toder (pictured) and Nick Agostinelli, Elegran Real Estate. Buyer’s agent: Carole Armstrong, DJK Residential.

34 North 7th Street #PH2C
Three-bedroom, 3.5 bath duplex with three balconies and a private roof terrace, all set within one of Brooklyn’s most revered, eco-friendly condominium buildings.

This 2,045-s/f home is wrapped in floor-to-ceiling windows and private outdoor space. The upper level includes a great room featuring a gas fireplace, balcony and powder room. The open kitchen features quartz countertops and appliances by Miele and Bosch. There’s a breakfast bar/island, and the adjacent alcove can serve as a dining area, den or fourth bedroom.

Asking price: $3,550,000. CC: $2,144. Days on market: 169. Listing brokers: Lindsay Barton Barrett, Christina Abad and Cristina Criado (pictured), Douglas Elliman Real Estate. No buyer brokers. 

West Harlem
1330 Fifth Avenue, #2L
Residence 2L at The Fifth Avenue is a one-bedroom new condo.
The kitchen features Bosch appliances and marble countertops. The home also includes an in-unit washer and dryer, brand new high-efficiency casement windows and Grohe fixtures.

CC: $672.28. Real Estate Taxes: $672.28. Last asking price: $675,000. Time on market: Eight weeks. Selling agent: Yuko Kawai, City Connections Realty, Inc. Listing agents: Makeba Lloyd, Tama Krasnow, June Kang, MNS.

Morningside Heights
527 West 110th Street #56
This two-bedroom, 1.5 bath condominium with prewar details is located at the Britannia, more familiarly known as the “Gargoyle Building.”

An entry foyer leads to the major rooms, including a living room with a carved fireplace. The master bedroom has an en-suite bath. Refinished hardwood oak floors and over nine foot ceilings run throughout. In need of a renovation, and powder room could become a full bath.

Asking price: $1,095,000. CC: $1,030. Days on market: 63. Agents: Rachel Lustbader (pictured) and Jeremy Kamm, Warburg Realty, Christian Schaefers, Compass.

Tudor City
5 Tudor City Place, #1533
This pre-war co-op sponsor studio features hardwood floors and oversized casement windows that provide skyline views. 

The complex has a full-time doorman and concierge, and a new common laundry room, fitness center and residents’ garden. 

Tudor City is a historic landmarked enclave located on a tree-lined cul-de-sac. 

Asking price: $410,000.  CC: $830. Days on the market: Four weeks. Listing agent: Wesley Stanton, Douglas Elliman. Buyer’s agent: Richard Nymark (pictured), Corcoran.  

301 West 57th Street, #12G,
Studio condominium is south facing with a floor-to-ceiling bay window and the home is out-fitted with custom built-in storage, crown moldings, stainless kitchen appliances, and brand new white-oak flooring throughout. It’s turn-key ready and Central Park Place is a pet-friendly building.

CC: $502.92. Real Estate Taxes: $513.75. Last asking price: $775,000. Time on market: 31 weeks. Selling agent: Miriam Cortazzo, Terrabella Realty pictured). Listing agent: Ray Asis, City Connections Realty, Inc.

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