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	<title>Observer &#187; Beauty on Avenue B! Vogue Cover Girl Drops $2.2 M. for Two-Bedroom Co-op</title>
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		<title>Observer &#187; Beauty on Avenue B! Vogue Cover Girl Drops $2.2 M. for Two-Bedroom Co-op</title>
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		<title>Beauty on Avenue B! Vogue Cover Girl Drops $2.2 M. for Two-Bedroom Co-op</title>

		<comments>http://observer.com/2008/05/beauty-on-avenue-b-ivoguei-cover-girl-drops-22-m-for-twobedroom-coop/#comments</comments>
		<pubDate>Tue, 20 May 2008 22:58:45 -0400</pubDate>
					<link>http://observer.com/2008/05/beauty-on-avenue-b-ivoguei-cover-girl-drops-22-m-for-twobedroom-coop/</link>
			<dc:creator>Max Abelson</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/transfers_lily-donaldson.jpg?w=192&h=300" />Very blond, well-boned, expensively jeaned buyers have been pouring into East Village apartments for so long that it’s hard to find new excuses to complain about the area’s über-gentrification. But then again, it’s hard to remember when someone as upsettingly young as <strong><span style="letter-spacing: -0.1pt;font-family: 'Exchange Text Bold'">Lily Donaldson</span></strong><span style="letter-spacing: -0.1pt">, the 21-year-old <em>Vogue</em> cover girl, spent anything like </span><strong><span style="letter-spacing: -0.1pt;font-family: 'Exchange Text Bold'">$2.2 million</span></strong><span style="letter-spacing: -0.1pt"> on a neighborhood apartment, especially one that happens to be as far east as Avenue B. </span>
<p class="text"><span style="letter-spacing: -0.15pt">Her new two-bedroom place on Tompkins Square Park around East Eighth Street could be the most expensive co-op ever sold on the block, according to listing broker </span><strong><span style="letter-spacing: -0.15pt;font-family: 'Exchange Text Bold'">Danny Davis</span></strong><span style="letter-spacing: -0.15pt">.</span></p>
<p class="text">She has Brazilian cherry wood floors (“that glow with the setting sun,” according to his listing), two bathrooms with original pedestal sinks and cast iron tubs, a 40-foot-long living room with six windows facing three directions, and, of course, a dressing room off one of the two bedrooms. </p>
<p class="text">On the downside, the building is massively nondescript and un-frilled, plus the apartment needs work. “I’d put money into it,” Mr. Davis said, “I’d bet she will, too.” </p>
<p class="text"><span style="letter-spacing: -0.1pt">Nevertheless, it sold for well above its $1.895 million asking price from this December. “I had six offers on the place,” said the broker, though he wouldn’t discuss the deal itself. The model’s rivals included a husband and wife from Goldman Sachs, a bachelor who owns a PR firm, and a woman with a trust fund. </span></p>
<p class="text">But Ms. Donaldson was “the highest bidder and very qualified. The board liked her and approval was unanimous, which is always a concern when you’re dealing with a young model,” Mr. Davis said. “You’re never sure how a board would see her.”</p>
<p class="text"><span style="letter-spacing: -0.1pt">The last sale in the building, according to city records, was a $650,000 deal just one floor down. That was in October 2004; nowadays, Avenue B has a lot of models and PR executives willing to pay more. Those new buyers make things nice for brokers like Mr. Davis, who wears slicked-back hair and a big smile in his Web site’s photograph: He left for Mexico after the apartment was listed in December, held just one open house when he came back, and accepted Ms. Donaldson’s offer a week later. </span></p>
<p class="text">After closing, Mr. Davis went south again for a 40th birthday celebration in Jamaica: “Twenty-one people, all friends, no kids,” he said. “Awesome place—yeah, it was great.”</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/transfers_lily-donaldson.jpg?w=192&h=300" />Very blond, well-boned, expensively jeaned buyers have been pouring into East Village apartments for so long that it’s hard to find new excuses to complain about the area’s über-gentrification. But then again, it’s hard to remember when someone as upsettingly young as <strong><span style="letter-spacing: -0.1pt;font-family: 'Exchange Text Bold'">Lily Donaldson</span></strong><span style="letter-spacing: -0.1pt">, the 21-year-old <em>Vogue</em> cover girl, spent anything like </span><strong><span style="letter-spacing: -0.1pt;font-family: 'Exchange Text Bold'">$2.2 million</span></strong><span style="letter-spacing: -0.1pt"> on a neighborhood apartment, especially one that happens to be as far east as Avenue B. </span>
<p class="text"><span style="letter-spacing: -0.15pt">Her new two-bedroom place on Tompkins Square Park around East Eighth Street could be the most expensive co-op ever sold on the block, according to listing broker </span><strong><span style="letter-spacing: -0.15pt;font-family: 'Exchange Text Bold'">Danny Davis</span></strong><span style="letter-spacing: -0.15pt">.</span></p>
<p class="text">She has Brazilian cherry wood floors (“that glow with the setting sun,” according to his listing), two bathrooms with original pedestal sinks and cast iron tubs, a 40-foot-long living room with six windows facing three directions, and, of course, a dressing room off one of the two bedrooms. </p>
<p class="text">On the downside, the building is massively nondescript and un-frilled, plus the apartment needs work. “I’d put money into it,” Mr. Davis said, “I’d bet she will, too.” </p>
<p class="text"><span style="letter-spacing: -0.1pt">Nevertheless, it sold for well above its $1.895 million asking price from this December. “I had six offers on the place,” said the broker, though he wouldn’t discuss the deal itself. The model’s rivals included a husband and wife from Goldman Sachs, a bachelor who owns a PR firm, and a woman with a trust fund. </span></p>
<p class="text">But Ms. Donaldson was “the highest bidder and very qualified. The board liked her and approval was unanimous, which is always a concern when you’re dealing with a young model,” Mr. Davis said. “You’re never sure how a board would see her.”</p>
<p class="text"><span style="letter-spacing: -0.1pt">The last sale in the building, according to city records, was a $650,000 deal just one floor down. That was in October 2004; nowadays, Avenue B has a lot of models and PR executives willing to pay more. Those new buyers make things nice for brokers like Mr. Davis, who wears slicked-back hair and a big smile in his Web site’s photograph: He left for Mexico after the apartment was listed in December, held just one open house when he came back, and accepted Ms. Donaldson’s offer a week later. </span></p>
<p class="text">After closing, Mr. Davis went south again for a 40th birthday celebration in Jamaica: “Twenty-one people, all friends, no kids,” he said. “Awesome place—yeah, it was great.”</p>
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