Exec. Vice President
Park Avenue Office
By CJ Hughes
THE RENOVATIONS: Dining area added; appliances replaced
WHAT: A two-bedroom two-bath co-op with 1,100 square feet of space in a prewar doorman building near Madison Square Park
WHERE: 159 Madison Avenue (at West 32nd Street), #11F
AGENT: Victoria Vinokur, Halstead Property (917) 952-3452, halstead.com
Between long hours at work and hectic social lives, young buyers may not have the time to renovate, let alone the fortitude to wrestle with the permission process required by co-op boards. Which is why the broker of this apartment, Victoria Vinokur of Halstead Property, persuaded the seller to renovate before selling.
The biggest change may have been the simplest: removing on of the six closets, near the foyer, and turning it into a shallow dining-room nook, which now easily accommodates a four-place table. Accented with crown and baseboard moldings to match the rest of the high-ceilinged livingroom, the nook gives a sense of space. Ms. Vinokur also suggested updating the kitchen with a new refrigerator, microwave, range a dishwasher, which brought the renovation bill to $6,000.
With starter apartments like this one, Ms. Vinokur said, buyers "would prefer we do it, maybe because they don't have the money, but definitely because they don't have the energy."
Friday, November 04, 2011