Sometimes good things come to those who wait — just ask Rick Ashenfarb of Citi Habitats.
Rick recently sold a one bedroom, 1-bath condo at 403 East 62nd Street for 22% more (or $104,000) than the exact same layout just two floors below, which sold less than three months earlier.
Said Rick, “My client was under water with her mortgage after she refinanced in 2005. Initially, she wanted to rent the apartment out, but I convinced her to also list for sale. We overpriced the listing at that point so she wouldn’t lose money on the deal. Over time, the market did the rest.”
Rick recognized that the market for condos was strengthening rapidly. “We let the market rise to our price and terms,ˮ he said. “We ultimately held out for several weeks as the market continued to rise. After 120 showings and turning down more than 10 below-ask offers, we got original asking price of $595,000 and the client walked away with substantial money in her pocket.”
The new owner — brought in by Brian Silvestry of BSRG Realty — works as an architect and was a first-time buyer. He liked the central location for restaurants, shopping and easy access to transportation.
The property was on the market for 10 weeks.
258 W123rd St.
Multi-family townhouse with five floor-thru two bedroom apartments, including a duplex on the first floor. Units all fully renovated with hardwood floors and marble baths. New windows throughout the building and all kitchens come with dishwashers. Each apartment has washer/dryer hook-ups and some feature exposed brick walls and decorative fireplaces. Asking Price: $2,330,000. Days on the Market: 12 weeks. Agents: David Calderazzo, Pure Manhattan; Rory Bolger, Citi Habitats.
Upper East Side
435 E77th St. #10C
Renovated one bedroom, 1-bath, 700 s/f modern elevator co-op, The Pembroke. Live-in super, laundry, storage, bike room. Unit has windowed, open kitchen, spacious rooms, south and east exposure with open city views. CC: $1,140.39. Asking price: $499,000; 26 weeks on the market. Brokers: Judy Reiser, Coldwell Banker Bellmarc; Linda Taitelbaum, Halstead Property.
325 W45th St. #816
Renovated two bedroom in the Whitby. Updated open kitchen with stainless steel appliances, California closets, renovated bath, hardwood floors, beamed ceilings and good closet space. Both bedrooms have open city views to the north. CC: $1,562. Asking Price: $615,000. Time on the Market: 173 days. Agents: Kelly Killian, Charles Rutenberg; Lisa Camillieri and Billy Flanagan, Corcoran Group.
320 E35th St. #LB
Alcove studio co-op with high ceilings. Windowed kitchen with stainless steel appliances, granite counters, four closets. Building amenities include a part-time doorman, live-in super, video intercom system and residents’ laundry. Asking Price: $338,000. CC: $1,148. Days on the Market: 9 weeks. Agents: Christopher Stanley, Corcoran; Royce Cara Berler, Citi Habitats.
201 W21st St. #3H
Alcove studio in full-service Chelsea co-op Layout allows for dining, living, office and bedroom areas. Building has a roof deck, central laundry room, live-in superintendent, private storage and a bike room. CC: $945. Asking Price: $399,000. Time on the Market: 59 days. Agent: Pamela Wolfe, Corcoran Group.
77 East 12th St. #15G
One bedroom, 1-bath co-op in elevator, doorman building with rooftop terrace, live-in super and laundry. CC: $1,001. Asking price: $699,000. Three weeks on the market. Agents: Samantha Lopez-Edwards, Coldwell Banker AC Lawrence ; Joseph Healy; Douglas Elliman.
1474 Bushwick Ave.
Six-family parsonage/rectory located on the corner of Granite Street and Bushwick Avenue has six, two bedroom apartments, each with dining area, eat-in kitchen and full bathroom. In need of renovation. Manhattan views. Close to express trains. Taxes $16,090 per year; Asking price: $799,000. One day on the market. Broker: Victoria Hagman, Realty Collective.
270 5th St. #2H
1,150 s/f three-bedroom, two-bath duplex. Living room with 23 ft. ceilings. Renovated, open kitchen with breakfast bar and home office area. Dining area and a coat closet. Upstairs are two additional bedrooms and the second bath. Balcony and Elfa closet system. Pivate storage space on mezzanine level. Pet-friendly co-op. CC: $940. Asking Price: $1,025,000. Time on the Market: 103 days. Agents: Leora Blumberg, Corcoran Group; Heather McMaster, Corcoran Group.
345 Pondfield Rd.
Four-bedroom, 5-bath Mediterranean-style home on half-acre of property. New chef’s kitchen with desk area plus upper level washer /dryer. Attached 2-car garage, central air, lawn sprinkler. Asking price: $2,195,000. Taxes: $41,027. On the market 249 days. Agents: Sheila Stoltz, Houlihan Lawrence; Susie French, Houlihan Lawrence.