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

Condop at 20 East 68th Street Sells For $3.65M

Dr. Vadim Zbarksy and Dr. Oksana Zbarsky just paid $3,650,000 for a condop at 20 East 68th Street between Fifth and Madison Avenues on Manhattan’s Upper East Side.


The sellers were George Levendis and Maria Levindis. They sold the apartment for a $675,000 profit above the $2,975,000 that they paid for it in August 2005 when they bought it from New York artists Delah McKay

After graduating in 1984 from the Tjumen State Medical Academy in Tjumen, Russia (inset), the Drs. Zbarsky immigrated to the U.S. and subsequently set up a successful internal medicine practice in Brooklyn.

Bork


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The couple’s apartment consists of two separate co-op apartments that were combined to make a larger one.The building is a full-service condop with condo purchase requirements. No Board approval was required for the Zbarksys’ purchase, but the building still requires prospective purchasers to complete a board package.

20 East 68th Street is also a pet-friendly building for owners, but not for their approved sublets.

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April 22, 2008   No Comments

Raw Space in Tribeca Condop Loft Sells for $1.9M

125 Watts a/k/a 465 Watts in Tribeca, NYCAn 1,840 sq.ft. Tribeca condop loft at 125 Watts / 465 Greenwich just sold for $1,900,000. The co-op was sold as raw space, marketed as being a “Great Project…with great bones.” It has windows facing West with fabulous views of the Hudson River, and access is via a private keyed elevator. The elongated layout indicates a potential for building 2-3 bedrooms and 2 baths.

According to broker Sandy Mattingly, when it first came on the market, the apartment was listed for $1,795,000 in a FSBO situation. Owners Kate Gandall and Gerald Danish then opted (wisely) to use a broker to market their unit. Prudential Douglas Elliman’s Patty LaRocco and Beth Bongar had the listing, bumping up the price to $1,835,000.


Looks like they worked hard for the commission since the co-op ultimately sold for $65k “over ask.” That suggests there may have been a bidding war for the space.

The buyers are Matthew Goldberg and Rain Kramer, daughter of the late avant-garde director and political filmmaker Robert Kramer.

Monthly maintenance charges are $1,975. The building, like almost all Tribeca co-ops, is pet friendly.

What is a Condop?
You’re probably asking yourself what the heck is this condop thing? It’s actually a co-op apartment building that uses condo rules and bylaws for apartment owners instead of cooperative regulations that restrict things like subletting.

Commercial stores on the ground floor are condominiums, while the apartments above it are co-ops.

Building History, Neighbors, and Stores
Until the end of January shareholders in the building were able to make a quick stop for cupcake, pie, or cake at local piemaker Umanoff & Parsons that located in the building’s ground floor commercial space on Greenwich Street. Alas, they must wait while the bakers build new facilities in East Harlem.

According to New York City public records, Jane Umanoff and Allen Parsons sold their loft above the bakery at 467 Greenwich in January 2006 for $1.3 million. Talk about having your cake!

New neighbors include acclaimed portrait photographer Michelle Asselin and Joseph Meltzer who paid $1,825,000 at the end of February 2008 for a loft on a high floor at 465 Greenwich. They bought their loft from funky installation artist Maria Reidelbach. In her Gnome on the Range” project, Reidelbach created ‘Gnome Chomsky,’ recognized by Guinness World Records as the world’s tallest garden gnome at 13′ 6″!

Nearby establishments also include Bazzini’s, the famed nut purveyor and noshery. Yaffa’s Tea Room is also a block away. Her Mediterranean fare is not only outstanding, it’s served straight from the heart: Yaffa’s became the unofficial refueling station for rescue personnel working 24/7 after September 11th.

Floorplan credit: Prudential Douglas Elliman

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April 3, 2008   No Comments