Category — Classic 6 Co-op Apartments

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 buyers, orthopedic surgeon MacEllis K. Glass, M.D. and Corcoran Senior Vice President Martha Friedricks-Glass, that’s who.

According to public records, seller Rogih Yazgi, a Harvard Law School graduate, appears to have relocated back to his Florida roots.

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).

1165 Fifth Avenue Classic 6 Co-op Apartment

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.

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.

91 Central Park West

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.

Another Upper West Side co-op apartment was just sold during the end of a marriage, giving former owners Nina Brodsky and Kenneth Roth some cash towards paying New York City divorce lawyers to help them put the finishing touches on ending their marriage.

The generously sized 7-room apartment on a high floor of 315 West 106th Street sold for $1.925 million. Unlike many sales noted here over the last year, however, there was no real discount from the original $1.95 million initial list price. The co-op was on the market for only a month before it went into contract in October 2009.

Public records show that Nina Brodsky, a Manhattan lawyer at Continuum Health Partners, filed for an uncontested divorce last month against Roth, an attorney and the Executive Director of Human Rights Watch. A former federal prosecutor, lawyer in private practice, and Iran-Contra affair investigator Roth reportedly receives an annual salary of $350,000 at HRW. Who imagined that working at a non-profit could actually be…well…profitable?

Brodsky and Roth lived at the co-op since 1993, having moved in from just a few blocks away.

The buyers are Stuart Warshaw and Karina Warshaw, the owners founders of Rauw Energy, resellers of a home energy savings device.

Brown Harris Stevens brokers Janet Garson Gifford and David Anderson had the exclusive for the apartment.

The enormous living room and all of the bedrooms have a light-filled wonderful southern exposure, with views looking westward towards the Hudson River and Riverside Park. Thankfully, for this kind of money, it also appears that you get to use a washer and dryer in the kitchen.

The co-op board at 315 West 106th permits dogs, but only after they pass muster at the interview. The pre-war building was built in 1925.

The highest recorded sale in the building was in 2007 when Arnold ‘Arnie’ Eisen and Adraine Leveen paid $2.45 million for a low-floor apartment in the co-op after Eisen became the new Chancellor of the Jewish Theological Seminary .