Mr. Walder's conveniently located living room

You can definitely say one thing about unit 9BC at 65 West 95th Street—it's conveniently located. Near (five!) train lines and "just steps from Central Park," the buyer of former MTA CEO Jay Walder's condo is guaranteed a relatively painless trip wherever he or she is going.

As long as it's not to Hong Kong, that is.

Mr. Walder's three-bedroom co-op, listed for $1.68 million with Stribling brokers Jeffrey Stockwell and Shallini Mehra, is now in contract.

Mr. Walder purchased the condo for $1.6 million in July 2010, about a year before the chairman resigned to take over the MTR Corporation, a transportation company in Hong Kong. (Mr. Walder, who earned a $350,000 salary as the MTA chief likely bought a much, much nicer place with his $7.2 million salary, though that is in Hong Kong dollars).

The condo was listed in October 2011 for $1.79 million, but the price bump proved as unpopular as the one that Mr. Walder's MTA fare hike, and it dropped back down to $1.68 million. It is not clear yet whether he broke even, but factoring in brokers fees, the odds are not good.

Maybe the next residents will find the condo better suited to long-term occupancy than Mr. Walder? It boasts big bedrooms with great closet space, an extra-large living room, big windows and plenty of light. The building also has a landscaped roof deck and, for the public transportation-averse, bike storage!

kvelsey@observer.com