Company Articles

RESIDENTIAL DEALS

by Katherine Clarke, The Real Deal
Date Publish: Sunday December 4, 2011

 

Upper East Side 
$1.15 million 
200 East 66th Street 

1-bedroom, 1-bathroom, 966 sf condo unit in doorman elevator building (Manhattan House); unit has original crown moldings; building has garage, health club, valet and rooftop deck; common charges $866 per month; taxes $581 per month; asking price $1.18 million; eight weeks on the market. (Brokers: Ed Longley, the Hollingsworth Group; Corcoran Sunshine Marketing Group) 

"The buyers were Russian clients who wanted a place to stay when they come to Manhattan. They needed to be educated on all the nuances of New York City real estate. After looking at approximately 30 apartments, it seemed like the best fit would be a full-service building. I felt it would be so much easier for them and help eliminate the stress of the city. The apartment has a classy feel to it, with custom moldings and a beautiful marble bathroom, but it also has all the modern conveniences. They loved the layout and the light -- big, square living room with windows facing south and east. There were various glitches that occurred during the process; buying an apartment in Manhattan is complicated for a foreign purchaser. The development would only take payment in a certain way, and foreign buyers are not familiar with our banking and legal systems. But my clients were very reasonable people and my team worked hard to ensure that the deal went through." 

-- Ed Longley, the Hollingsworth Group