This week’s most popular listings around the $800,000 price point demonstrates that the market is in flux a bit, with two units experiencing a price drop. Gramercy Park delivers a very tempting 1-bedroom co-op, while Hell’s Kitchen, Williamsburg, Bed-Stuy, and the Flatiron are also in play. Let’s roll!
Here’s a duplex penthouse in a new boutique development called Grand Manor that offers 672 square feet of outdoor space in addition to its 738-square-foot interior. It’s bright inside thanks to wide-plank white oak flooring, open floor plan and large, gridded windows. The $819K price is a significant drop from its original list at $855K, as all units in the building took a price cut when the sellers’ brokerage was switched to David Avgi at Bold. The upper floor is where you’ll find the master flanked by two private terraces for stellar Manhattan views.
Not all makeovers are as meticulously crafted as this 1-bedroom, which takes up the entire parlor floor in a 3-unit Bed-Stuy townhouse. Love the brand-new herringbone flooring in this completely open living space with cast-iron fireplaces, kitchen with high-end appliances, oversized windows, and a sweet terrace. The 12-foot ceilings make this space grand, as does the king-size bedroom. It’s priced above the neighborhood median asking price ($582K) for 1-bedrooms, but this is a top-notch gut renovation. Carlos Saavedra at Park Property Advisors is the broker.
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This duplex apartment listing from Will Rodgers at Sotheby’s International is trying to find its proper price point after seeing two cuts since its original listing at $899K in May. It last sold in 2008 for $817K, so this looks to be a very motivated seller. What do you get? In addition to a stellar location on West 53rd close to 9th Avenue, the interior space has a wood-burning fireplace and is versatile thanks to a first-floor living area with a full bathroom and a lower level with sleeping/office space plus half bath. A large back deck is shared with one other tenant.
Three of the nine units currently listed at the Chelsea Lane are under contract, demonstrating the lure of this 489-unit co-op. This ground-floor apartment is a converted studio (sold for $549K in 2014) that then underwent a complete renovation to render it a 1-bedroom with a gleaming new kitchen and interior, including hardwoods and enhanced closets. Monthlies are under $900 and it’s nice to know the building allows subletting. Samantha Behringer at Douglas Elliman is the listing agent.
Apartments in this full-service prewar co-op in East 16th Street tend to sell very close to list price, so that speaks volumes about value here. This unit features a wide living room with a nook kitchen and dining space along the windowed front. The bedroom also features good natural light and a beamed ceiling. Low maintenance under $1,377 includes all utilities. Building features 24-hour door staff, porters, resident manager, gym, storage bins, bike storage, a landscaped courtyard, and a renovated lobby. Pet-friendly and unlimited subletting, too. Listing by Dennis Feldman at Compass.
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