NY coops and cooperative apartment sales: prices, buyers, sellers, details, and deals

James and Susan Goodfellow just paid $1.95 million for an 1,011 sq. ft. 2 bedroom condo-op at the Chelsea Enclave.

James Goodfellow is the Chairman of wealth management firm Fiduciary Trust Company International. When she was Mayor of Tuxedo, New York, Susan Goodfellow was quoted telling a New York Times reporter that “‘Hey, people who own property have certain rights.”

The Goodfellows knocked 13% off of the original $2.25 million original list price for this recent development at 177 Ninth Avenue in Manhattan offered by the Brodsky Organization. What a great pied-à-terre!

For $1,928/sq. ft., the apartment comes with it’s own private terrace and a legal washer and dryer set.

The bathroom has Bottocino Fiorito stone countertops and floors.

Like any new high-end apartment, the buyers get granite countertops and high-end appliances:

• A Sub-Zero fridge;
• Wolf stove;
• Bosch dishwasher; and

Initial monthly maintenance was listed at $1,397.

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Dolly Mirchandani, an international global energy and infrastructure lawyer, and Oliver Ulich, an adjunct associate professor at Columbia’s School of International and Public Affairs and humanitarian affairs officer with the UN’s Office for the Coordination of Humanitarian Affairs, just paid $2.8 million for a 2,325 sq. ft., full floor co-op apartment in the heart of Greenwich Village.

The co-op loft is located at 55 East 11th Street between University Place and Broadway.

The sellers were John Hyatt Choate and Laura Steinhouse Choate. Hyatt Choate is an award-winning Senior Vice President Executive Producer at BBDO New York, spearheading TV and web ad creation for clients like PepsiCo, Dodge, and FedEx, and other major brands.

The couple turned a very nice profit on this sale. They bought the co-op loft for $1.95 million in February 2007, according to public records, paying the full asking price in a 2006 estate sale for the late Zenaida Oto. That’s an incredible 44% ($850k) increase, less broker’s fees, taxes, and related costs — a pretty swell return on their 4-year investment.

Sotheby’s broker Mara Flash Blum had the exclusive, originally listing it for $3.15 million when it went on the market in April 2009. She described prewar loft in stylish terms, as:

painstakingly renovated and transformed into a one-of-a-kind piece of art. Intrinsic architectural details combine with modern design elements creating a real rustic splendor.

A considerable amount of time and money appears to have been spent by the Choates into renovating the apartment after they bought it 2006. Amenities include:

• A modern loft kitchen with stainless steel refrigerator, dishwasher, countertop stove with fan, and ovens.
• A sun-filled living room with a southern exposure overlooking 11th Street
• A key-controlled elevator
• A master bedroom with its own media center and floor to ceiling windows
• A Zuma bathtub and rain shower in the master bedroom
• Central air conditioning!
• A laundry room

Monthly maintenance for the co-op loft was listed at $2,400

This co-op lacks a doorman, but has a video security system. The building is rather narrow, and is located between University Place and Broadway

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Other shareholders in the co-op include:

• Corcoran brokers Meris and Kenny Blumstein (they sold this unit in 2006 to the Choates)
• Editor and author Christophe W. Mao and John Tancock, a senior vice president at Sotheby’s specializing in impressionist and modernist art. They paid $1.91 million for their co-op in January 2005
• Photographer and artist Amanada Weil who paid $2.45 million for her co-op at 55 East 11th in March 2005

Photo credits: Sotheby’s International Realty

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A New York City artist sold his duplex penthouse loft at 9 White Street in Tribeca, but only after a whopping 40% reduction from his original $5.95M list price when he first put the co-op on the market in April 2006.

Sculptor Bryant Hunt just sold his penthouse duplex loft at 9 White Street in Tribeca for $3,615,000.

That’s a nice chunk of change in today’s market, but it was not even close to the nearly $6M champagne and caviar price he tried to get nearly four (4) years earlier.

Here’s another way to look at the deal: for every month that Hunt’s duplex co-op loft remained on the market, the price effectively dropped another $48,645 until he sold it.

The buyers are award-winning film director David Schisgall and Vanity Fair contributing editor Evgenia Peretz.

Located in the heart of Tribeca, the 3,500 sq. ft. 3 bedroom, 2 bath co-op offers an enormous sun-filled space on two floors.

The master bedroom is up the steps on the top floor, surrounded by the roofdeck with a view looking North of the AT&T Long Distance Building built in 1932.

The broker who closed the deal for Hunt is Brown Harris Stevens VP and Director Jenny Park Adam, an art collector in her own right. She replaced Elliman brokers Jan Hashey and Steve Halprin.

According to public records, neighbors in the co-op include:

• Psychiatrist William D. Sobel
• General practice physician and artist Thomas Kovachevich.
• Sweden Unlimited, an interactive design firm whose clients span the fashion, art, entertainment, and hospitality industries.

Photo credits: Brown Harris Stevens

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