Chelsea | NYC Co-op Apartment Sales
NY coops and cooperative apartment sales: prices, buyers, sellers, details, and deals
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Category — Chelsea

2,400 sq. ft. Chelsea Co-op Loft Sells for $2.15M

An enormous 2,400 sq. ft. co-op loft at 135 West 17th Street in Chelsea just sold for $2.15 million, $300,000 less than the original $2.45 million asking price when the apartment first went on the market last September.

To date, this is the highest price on record ever paid for a cooperative apartment in the building. Prior to this closing, a sixth floor loft sold for $1,445,000 in September 2009 after selling for $1,185,000 just two years earlier.

The seller was a trust established by the late New York City artist Joanne Lowenthal.

Daniel Shapiro was the buyer.

Prudential Elliman brokers Jason Amirian and Jason Karadus had the listing.

Like many Chelsea lofts, this apartments is railroad shaped. It is a light, open unit complete with a modern stainless steel loft kitchen, gorgeous refinished oak floors, and a perfect entertaining and work space spanning nearly the entire length of the apartment.

A 4th floor Chelsea loft at 135 West 17th St. just sold for $2.1 million

The apartment includes a washer and dryer (of course), an elegant master bath, and a nicely configured home office workspace in a windowed corner. Monthly maintenance is $2,355.

The building is close to transportation, located between 6th and 7th Avenues. Thrift shops abound on this West 17th block: the Chelsea Housing Works Shop and the Angel Street Thrift Shop are right outside the door.

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January 12, 2010   No Comments

Report: Manhattan Co-op, Condo Prices “Humming Along”

Today’s WSJ has a great article on how Manhattan apartment prices — co-ops and condo prices alike — are “humming along” at strong prices

WSJ reporter Jeff Opdyke writesSoHo, the Lower East Side, Greenwich Village, Chelsea, Murray Hill, the Upper West Side and Harlem are all up in the past year,” citing DataQuick Zip Code analysis.

This blog recently noted that co-op Manhattan apartment prices remain largely unaffected by the current real estate debacle, because co-op apartment buyers must meet a stringent set of financial criteria established by the co-op board.

Co-op Boards have a fiduciary duty — a financial responsibility — to protect the financial interests of other shareholders (i.e., their neighbors) in the building. They can legally reject prospective apartment owners if they believe that a low sales price of an apartment would seriously reduce the value of other apartments in the building.

If you’re hoping to buy a Manhattan co-op at a fire sale price, fuggedaboutit!

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May 20, 2008   No Comments

$2.1M Paid for Chelsea Co-op Apartment in Townhouse

Some folks opt to spend tens of millions buying their very own townhouse. But a more economical and harder option might be to piece parts of one together like a jigsaw puzzle.

One couple in just closed on their second co-op apartment in the same Chelsea townhouse within six months of their first purchase.

According to New York City records, former Gillette executive Michelle Viotty and Lynn Fitzer bought one unit in a cooperative apartment building at 467 West 22nd Street that is actually comprised of two townhouses joined together. They paid $2,250,000 for that first apartment.

Two weeks ago Viotty and Fitzer bought another co-op in the same building, paying $2,100,00 for the nearly 1500 square foot second unit. They got quite a deal from neighbors Richard Bascetta and Robin Pendleton, paying $200,000 less than the asking price of $2.3 million listed by Corcoran real estate broker Jim Brawders. Now those are swell neighbors!

Brawders listing shouted out his enthusiasm for the property (Note: the emphasis is entirely from the broker!)

“This kind of apartment (and lifestyle) almost NEVER comes on the market –the combined PARLOR FLOORS of the two contiguous townhouses (now a 6 unit co-op) BEAUTIFULLY RENOVATED on CHELSEA’S BEST BLOCK…”

The luxurious kitchen in the apartment has Bosch, Wolf, and Sub-Zero appliances.

In addition to a magnificent private garden behind the apartment, the latest apartment has two (2) fireplaces for those cold NYC nights: one in the master bedroom, and another in the living room.

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March 21, 2008   No Comments