When Douglas Elliman’s Robert Frye was tapped to sell a pre-war co-op in the Theodore Roosevelt elevator building at 125 Eastern Parkway in Prospect Heights, it took him just five days to close the deal.
Frye said his buyers were renters who had been looking in the neighborhood for a while, but had been out-bid on several properties.
“When my listing came on the market, it was exactly what they were looking for and priced in their range,ˮ said the veteran broker. “They decided not to lose out so bid full price and put down 25%.ˮ
Frye said pricing the two bedroom, 2-bath apartment at $650,000 helped move it quickly. “I priced it based on its total renovation along with recent sales in the building and neighborhood,ˮ he said.
“The fact that it was a sponsor sale requiring no board approval also helped.ˮ
125 Eastern Parkway is a 51-unit, six-story co-op with a live-in super, private and bike storage plus a laundry room.
The 850 s/f apartment has a windowed kitchen with granite counters and stainless steel appliances, updated electric, recessed lighting, oak hardwood floors and 10.5 ft high ceilings. The master bedroom has a walk-in closed and windowed bathroom.