Category — Classic 6 Co-op Apartments
New York lawyer Robert C. Beers and Ashtanga Yoga practitioner Danicia Ambron sold their 2,000 sq. ft. co-op apartment at 600 West 111th Street for $1.695 million to voiceover specialist Wendell Craig and Nancy Good.
This Classic Six co-op sold for $100,000 less than the original $1.795 asking price when it was listed by Laurie Selashky of Wohlfarth & Associates. Monthly maintenance on the 2½ bath apartment is $2,140.
The in addition to 2 bedrooms and a maid’s room, the kitchen offers incredible light from the window facing West towards the Hudson River.
The maid’s room has a washer and dryer unit – an asset in an old co-op where Board restrictions can be prohibitive.
A few bonus touches: the building is pet friendly and has a common roof for use by all shareholders. If Craig and Good own a dog, they are just steps from Riverside Park and dog walks along the Hudson River.
November 27, 2010 No Comments
This co-op apartment at 1165 Fifth Avenue was a sweet, sweet deal.
This classic 6 maisonette co-op apartment in a pre-war building at 1165 Fifth Avenue and East 98th Street just sold for $1.2 million, an amazing 32% less than the co-op’s original $1,775,000 list price when it first went on the market in April 2007.
Who would have ever imagined buying a classic 6 on Fifth Avenue for $1.2 million?
The apartment has some amenities that many co-op shareholders lack, like central air conditioning, a washer and dryer, a storage bin assigned to the apartment, and gym for residents in the co-op’s basement.
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This pet-friendly co-op is across the street from Mount Sinai Hospital and next to the St. Bernard’s School for boys, a private school that currently costs $33,270 a year to attend (don’t worry: for that price, lunch is included).
Monthly maintenance for the apartment was listed at $2,030. The co-op requires potential shareholders to have at least 50% of the purchase price, limiting finance to 50% of the sale price.
It appears that part of the reason why the apartment sold for so little is that it:
- Is a first floor apartment.
- To enter, owners and visitors must walk up steps inside the building’s lobby.
- The apartment appears to be located adjacent to the bustling St. Bernard’s School for boys, with considerable daytime activity.
After being on the market for 2½ years, the seller must have been motivated to drop the price as much as she did.
March 2, 2010 No Comments
Medical venture capitalist Charles C. Cahn, Jr. just paid $7 million for a co-op apartment at 91 Central Park West.
This Classic 6 apartment has 3 bedrooms, 3 baths, and a fantastic view of the Macy’s Thanksgiving Day Parade.
John Burger at Brown Harris Stevens had the exclusive listing.
The pre-war cooperative was built in 1921, has 15 floors, and approximately 96 apartments. Monthly maintenance charges for the unit were listed at $3,807, of which approximately 52% is tax deductible.
The sellers were Daniel Dokos, a corporate lawyer at Weil, Gotshal & Manges, and his partner Glenn Finn who worked as the Chief Operating Officer for Tweedy, Browne Co. investment advisors, according to a Hillary Clinton for President 2008 FEC filing.
While foreclosures were running rampant around the country, Dokos and Finn can smile all the way to the bank about having bought this apartment. They bought the Upper West Side co-op in April 2007 for $4,377,500.00, flipping it for a 60% return in a little over 2½ years.
$2,622,500 isn’t a bad return when you consider that the financial and national real estate markets plummeted starting in late 2008.
Dokos is chairman of Weil Gotshal’s firm’s banking & finance practice and a member of the law firm’s 16-member firm Management Committee. He a member of WEGALA, the law firm’s Lesbian, Gay, Bisexual and Transgender Affinity Group, and extols Weil’s focus on diversity in the firm’s 2009 Diversity Brochure.
January 27, 2010 4 Comments