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NY coops and cooperative apartment sales: prices, buyers, sellers, details, and deals
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Greenwich Village to Williamsburg: “Can You Hear Me Now?”

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.

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April 16, 2010   No Comments

COO of Privately Held DOD Contractor Pays $2.45M for West Village Loft


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.

West Street and 377 W. 11th Street in the West Village

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
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March 23, 2010   1 Comment

Sculptor Sells 9 White Street Tribeca Loft for $3.6M

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.

The buyers are award-winning film director David Schisgall and Vanity Fair contributing editor Evgenia Peretz.

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.

The broker who closed the deal for Hunt is Brown Harris Stevens VP and Director Jenny Park Adam, an art collector in her own right. She replaced Elliman brokers Jan Hashey and Steve Halprin.

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

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March 5, 2010   No Comments