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Mentioned in this Article:
Ari Harkov

Ari Harkov
Village Office

Warner Lewis

Warner Lewis
Village Office

The Real Deal

Residential Deals

East Village:

$1.33 million

296 East 2nd Street

2-bedroom, 2-and-a-half-bathroom, 2,089sf condo in a new walk-up building; unit is a garden duplex with patio and backyard and has a separate entrance for lower level; common charges $1,173 per month; taxes $865 per month.

Asking Prices $1.39 million, 22 weeks on the market.

(Brokers: Warner Lewis, Ari Harkov, Halstead Property; Britney Horn, Beatrice Ducrot, Stribling)

"The main challenge with the property had to do with the location on 2nd Street between Avenue C and Avenue D...Its' relatively far from mass transit, It's also a ground floor, subgrade unit, so actually it's legally only a one-bedroom, even though it's over 2,000 sf. It was about finding someone who was okay with having the downstairs room as an office or a bedroom or whatever, even though it doesn't have any windows.It sold for under $700 per square foot, so basically Brooklyn pricing, because around 40 percent of the square footage is below grade" -Ari Harkov, Halstead Property

"We had two offers that came in within 48 hours of each other, both all-cash. One was from someone in a German band who thought the below-grade space would be perfect for a sound recording studio, but the people who ended up geting the apartment were an older couple who wanted to use the downstairs space as their bedroom. So it really appealed to two very different kinds of buyers"

- Warner Lewis, Halstead Property

Thursday, February 24, 2011