Category — Downtown
Verizon pitchman Paul Marcarelli just sold his 2 bedroom, 1½ bathroom co-op apartment at 41 Fifth Avenue for $1.255 million.
Marcarelli paid $799,000 for a new condo in Williamsburg last fall in The Rialto at 150 N. 5th Street in Brooklyn.
You can take a tour of this renovated co-op in the heart of Greenwich Village with listing broker Laurie Silverman.
Given how long it took Marcarelli to sell his co-op, the apartment appears to have been crying out to him, “Can you sell me now?”
It was first listed for $1.425 million in July 2009, but it sold for 12% less.
Although the co-op is in the heart of Greenwich Village in a Rosario Candela building, it seems to have a few drawbacks. These include a huge $2,000/month maintenance, and a rather smallish size. Not exactly a family home, but a perfect starter co-op.
April 16, 2010 No Comments
Julian Setian, the COO at privately held SOS International, a U.S. Defense Department contractor, just paid $2.495 million for a 2,377 sq. ft. 3 bedroom, 2 bathroom duplex co-op loft apartment in the West Village.
Monthly maintenance is $2,315.
The sellers were David A. Willmott and Catherine S. Willmott. The couple will celebrate their 12-year wedding anniversary this summer.
David is currently the Senior Vice President of Corporate Development and Strategy at Blount International, a worldwide manufacturing company based in Portland, Oregon.
According to public disclosures, David is an 11-year veteran of now downfallen and bankrupt Lehman Brothers where he was a partner in the investment firm’s private equity division. Before joining Blount, Willmott was a co-founder and partner at the New York based private equity firm Collins Willmott & Co. LLC.
Halstead’s Susan Goldman had the exclusive.
Neighbors in the building include:
- Morgan Stanley Executive Director Beverly Israely, and Frederick Kelly, who paid $1.916 million for their apartment in 2005.
- Jason McCoy and Lisbeth Rassmussen-McCoy, who paid $1.55 million for their co-op.
- Underground art mavin Jacaeber Kastor and Althea Kastor who paid $1.35 million for their co-op loft in 2006;
- Gregory Blatt, CEO of Match.com and former General Counsel for Martha Stewart Living, who paid $2.36 million for his co-op in Dec. 2005
March 23, 2010 1 Comment
A New York City artist sold his duplex penthouse loft at 9 White Street in Tribeca, but only after a whopping 40% reduction from his original $5.95M list price when he first put the co-op on the market in April 2006.
Sculptor Bryant Hunt just sold his penthouse duplex loft at 9 White Street in Tribeca for $3,615,000.
That’s a nice chunk of change in today’s market, but it was not even close to the nearly $6M champagne and caviar price he tried to get nearly four (4) years earlier.
Here’s another way to look at the deal: for every month that Hunt’s duplex co-op loft remained on the market, the price effectively dropped another $48,645 until he sold it.
Located in the heart of Tribeca, the 3,500 sq. ft. 3 bedroom, 2 bath co-op offers an enormous sun-filled space on two floors.
The master bedroom is up the steps on the top floor, surrounded by the roofdeck with a view looking North of the AT&T Long Distance Building built in 1932.
According to public records, neighbors in the co-op include:
- Psychiatrist William D. Sobel
- General practice physician and artist Thomas Kovachevich.
- Sweden Unlimited, an interactive design firm whose clients span the fashion, art, entertainment, and hospitality industries.
Photo credits: Brown Harris Stevens
March 5, 2010 No Comments