$2.425M Paid for 3Br/2Ba Co-op at 50 West 67th Street

A 2-year renovation that combined adjoining co-ops in the historic Musician’s Building at 50 West 67th Street culminated in a sale for $2,425,000.


The sale price was just $25,000 less than the original asking price of $2.45 million listed by Brown Harris Stevens. The company’s broker Arabella Greene Buckworth has handled at least 17 deals just in this co-op.

The seller was Lisa Smith Trollbäck, a co-owner and Principal of Trollbäck + Company, a unique Manhattan design studio that focuses on motion graphics and branding.

The buyers are Paul Somma and Janick Presse.

The co-op’s renovation was done by the husband-and-wife architecture team of Neil Logan and Solveig Fernlund of Fernlund + Logan.

The Musician’s Building was constructed in 1916-17. It has a neo-Renaissance style designed by Shape and
Brady.

The cooperative offers a number of special features. Located between Central Park West and bustling Columbus Avenue, it is only two blocks away from Lincoln Center. Building staff includes dual-role elevator-operators/doormen who work full-time. Apartments in the co-op feature acoustically lined walls, 11 ft. ceilings, a storage area for bikes storage room and a common laundry room. This is a pet-friendly co-op that also permits shareholders to use their apartments as a pied-à-terre, something that most cooperatives usually forbid.

The latest transaction appears to represent a new record for building sales. Until this deal, New York City public records show that the highest price paid for a co-op in the building was $2,295,000 in January 2006 paid by Simpson Thatcher & Bartlett lawyer Walter A. Looney, Jr. and wife Diane Looney for another combination apartment on a higher floor.