Halstead Property

Mentioned in this Article:

Ivana Tagliamonte
Village Office

Triple Assessment

260 Park Avenue South

Two-bedroom, two-and-a-half bathroom, 1,880-square-foot condo.

Asking price: $2.575 million.

Charges and Taxes: $3,013.

Broker: Shaun Osher, Douglas Elliman.

This apartment in a new condo conversion on Park Avenue South is in contract at full price—but the buyer might have saved a few bucks if he or she had consulted our panel.

Ivana Tagliamonte, Halstead: “You don’t get a key to Gramercy Park, but it’s surrounded by great restaurants,” she says, adding that it’s one of the few new condos in the neighborhood, and that buyers “like being able to say it’s on Park Avenue.” But “the asking price is high—especially for less than 2,000 square feet.”

Her assessment: $2.35 million.

Judith Thorn, Warburg: “The dining and living rooms are small, especially when you stick some furniture in,” she says. There’s a communal storeroom, but no private ones—“unusual for a luxury condo,” she adds. “And $3,000 per month in charges for an 1,800-square-foot apartment is a lot. However, this apartment on this floor is particularly nice—it’s on a corner and you can see the trees.”

Her assessment: $2.25 million.

Nicolas Bustamante, Bellmarc: The high ceilings and big windows make the apartment feel big and bright and “much higher than the third floor,” says Bustamante. He was also impressed with the crisp details (dark stained floors, white walls and appliances) and high-end fixtures. “The finishes are beautiful.”

His assessment: $2.4 million.

Monday, November 01, 2004