Upper East Side
1150 Fifth Avenue
Two-bed, 1.5-bath, 1,650-square-foot prewar co-op.
Asking: $749,000. Selling: $750,000.
Maintenance: $1,471; 50 percent tax-deductible.
Time on the market: two weeks.
IF THEY CAN PAY, THEY CAN STAY “You try to weed out the people who wouldn’t be able to pay the maintenance once they bought the apartment,” said broker Dianne Sirni. “But there was no interview.” This apartment, which has six rooms and faces south over 96th Street with a peripheral view of Central Park, has only had one owner since the building converted from a rental, so, according to co-op rules, when it was resold for the first time, the nascent board had to mind their own business as to who their new neighbor was going to be. At least until the next time around. The apartment’s first owners renovated it for close to a year. Ms. Sirni especially recommended the “French country kitchen” with its tile, wood cabinetry and terra cotta floors: “You see so much of those kitchens done in white cabinets and granite countertops.” The buyers are a young couple moving over from an East End Avenue apartment with one bedroom. They liked that the place was all dressed up and ready to go, and the sellers liked them enough to turn down a later offer for $15,000 more. Broker: Halstead Property Company (Dianne Sirni).
530 East 76th Street (Promenade)
Two-bed, two-bath, 1,200-square-foot postwar condo.
Asking: $595,000. Selling: $560,000.
Charges: $1,021. Taxes: $565.
Time on the market: three months.
One-bed, 1.5-bath, 826-square-foot postwar condo.
Asking: $330,000. Selling: $330,000.
Charges: $736. Taxes: $360.
Time on the market: one day.
A BROKER WHO’S NOT ABOVE SHUFFLEBOARD Think of William B. May Company’s Eric Ozada as a cruise director of sorts. The broker lives in the Promenade, a fancy-style condo tower that boasts the kinds of recreational amenities you’d expect to find on the Love Boat (and let’s not forget that up until recently, Marv Albert lived there). Rodney Dangerfield is a permanent special guest star; Advance Magazine Publishers (a.k.a. Condé Nast) also owns a condominium there. In this week’s episode, an executive of Goldman, Sachs & Company, in a two-bedroom apartment on the 31st floor, learns that he’s being transferred overseas. A couple from Dallas enter the scene and take in the view, which seems very New York to them. They settle on the place as a pied-à-terre for when they feel like abandoning the ranch. Meanwhile, 17 floors below, a European couple snaps up a one-bedroom pied-à-terre without laying eyes on it. In fact, the owner had never even dreamed of selling it. That is, until our man, Mr. Ozada, stepped in and lured him with what the Euros were willing to pay. Next week: The sellout owner moves himself into a rental apartment in the building. Broker: William B. May Company (Eric Ozada).
167 East 61st Street (Trump Plaza)
Two-bed, 2.5-bath, 1,400-square-foot postwar co-op.
Asking: $425,000. Selling: $405,000.
Maintenance: $2,317; 60 percent tax-deductible.
Time on the market: one month.
THE 60-YEAR COUNTRY-TO-CITY CONVERSION PLAN The sleek, almost severe, Y-shaped Trump Plaza was one of Donald Trump’s top-of-the-world,
mid-80’s successes. When it opened in 1984 (with residents like Phyllis George, Regis Philbin and Dick Clark), it was so widely admired that the developer of another tower across the street hired his architect to build another one just like it. Mr. Trump sued and forced the rival developer to change his design. Broker Marilyn Flemming is a fan: “Say what you will about Trump, but he builds good buildings,” she reports. This is her favorite. Sure, the maintenance is high, but the building is “immaculate” and the shape of the building allows “all the apartments to be corner apartments,” she said. Ms. Flemming also has a kind word for the staff: “If they’re nice to brokers, I always think that they’ll be nice to the owners.” The new owners-he has an office here, and she’s been doing a lot of work for city charities lately-had been looking for a bigger city apartment for two years; they have a house just out of town. The wife loved the building right away. But her husband wasn’t so sure. Eventually, he came around. This apartment had been rented and has views south and east. “He’s not ready to give up the house in the country yet,” said Ms. Flemming. “But he will.” Broker: Bellmarc Realty (Marilyn Flemming); Charles Greenthal Real Estate (Andy Gordon).
50 Sutton Place South
One-bed, two-bath, 1,100-square-foot postwar co-op.
Asking: $385,000. Selling: $365,000.
Maintenance; $1,235; 47 percent tax-deductible.
Time on the market: one day.
BETWEEN bacall and the beach The broker who sold this apartment called from Florida to emphasize that he usually sells much more expensive properties than this place, which is on the southeast corner of a postwar building between East 54th and 55th streets. Of course, it’s just north of 26 Sutton Place South, the building in which Lauren Bacall, Marilyn Monroe and Betty Grable holed up, spending every dime on perfume and evening gowns while they tried to hook a well-to-do gentleman in How to Marry a Millionaire . Like the fabulous apartment those three dames rented, this one has a view over the East River and a balcony. And this apartment’s occupant was pursued by interested parties, at least once it went up for sale. One eager buyer immediately offered the seller $360,000. Three days later, however, the next-door neighbor decided that he wanted to expand his seven-room domain all the way south; he offered $365,000, all cash. In the end, it was an inside job. Broker: Corcoran Group.
39 East 20th Street
One-bed, two-bath, 2,200-square-foot prewar condo.
Asking: $795,000. Selling: $780,000.
Charges: $525. Taxes: $379.
Time on the market: two months.
LOOK WHAT WE’VE DONE TO THE WAITING ROOM, ER, LIVING ROOM The sellers of this loft bought it only a year ago for less than $500,000. Of course, at the time, it was a former hair salon in a 1906 live-and-work loft building, and it had no kitchen. Now it has all new windows, a kitchen to suit any fetish and what their broker Kellee Buhler (who helped them buy the loft and then sell it) called “a $5,000 self-ventilating washer-dryer.” He’s a vice president at a brokerage house and, as you might gather from watching those news shots of amped-up Wall Street guys juggling phones and Bloomberg screens, he has a lot of nervous energy. “He needs projects,” surmised the broker, who said that he installed five TV’s on brackets hung from the ceiling in the living room, and more TV’s in the bathrooms to keep his finger on the pulse of the world’s twittering financial markets. In any case, he and his wife bought the place just before the real estate bull market, and something told him that it was time to issue a “sell” order, now that prices are so high. The loft itself isn’t high up enough to have much of a view, although there are three exposures, one over the roof of the “Theodore Roosevelt birthplace” (actually, a 1923 replica of the building in which the President was born in 1858). Now the frenetic stockbroker and his wife have bought a place in TriBeCa with a 2,100-square-foot roof deck and room enough for a 42-foot-wide projection TV. “We watched the Grammys on it,” said the broker. It was like that Soy Bomb idiot was dancing right there in their living room. Broker: Halstead Property Company (Kellee Buhler).
30 Fifth Avenue
One-bed, one-bath, 850-square-foot prewar co-op.
Asking: $429,000. Selling: $400,000.
Maintenance: $921; 50 percent tax-deductible.
Time on the market: three months.
AFTER THE BOARD INTERVIEW, YOU’RE SITTING IN CHARM CENTRAL “I don’t know if I want to rent or buy,” said this single woman to her broker, Olga Alexakos, when her lease was expiring. There was no question, said the broker, who is living in a nice rent-stabilized apartment herself. So over three weeks in December and January, they inspected 10 apartments for sale downtown. They started out at a price range between $280,000 and $325,000. When they found this “homey, cozy” number with “one of the nicest kitchens I’ve ever seen” that looks over the Church of the Ascension across the street, the buyer was willing to pay even more. The prewar building has a common roof deck and sits right in the middle of charm central, a.k.a. lower Fifth Avenue near 10th Street. Thanks to that charming thing called board rejection, the apartment was still available. Broker: Bellmarc Realty (Olga Alexakos, Rochelle Bass).