June 2012
KALED BROKERAGE, RECENT SALES
Spotlight on 110-20 71st Avenue, Unit 201
The cherry on to of this sweet second-floor apartment, a spacious junior four, is the large private patio, quietly situated and perfect for entertaining. Add in six closets, hardwood floors throughout, and an owner motivated to sell, and that's how the deal is done. This 200-unit co-op building, dubbed the Majestic, also offers amenities such as 24-hour doorman, parking, dog-friendliness, a nearby subway station, and a location smack-dab in the beating heart of Forest Hills.
DEAL MAKER
Patricia Athanasopoulos, Kaled Management
THE SKINNY:
The ASK: $319,000
The GET: $287,000
The PRICE PER SQ. FT.: $287
The WAIT: 1 month (closed 02/08/2012)
The FINANCING: 60%
THE BUILDING:
Assessed value: $3,353,850
Market value: $7,453,000
Annual property taxes: $326,601
Maintenance: $800
THE PITCH:
Patricia Athanasopoulos says:
The Hot Property: "In the past year I have closed on five listings [here]. The building practically sells itself . . . I have been lucky that most of my sales in this building have been the larger units with private patios -- only offered on second-floor units to the back of the building -- which add amazing value for purchasers."
The Green Light: "Like most boards, they want all shareholders of the same financial status. Overall, the purchase application process was very detailed, but if you pre-qualify your buyers before the offer there really shouldn't be a problem at all."
The Family Business: "One other great detail that I often use and love is that the Kalikow family" -- the New York real estate dynasty and owners of Kaled -- "built this building."
THE LATEST ACTION
$145,000 (closed 1/05/12, transfer taxes $1,877)
$325,000 at $597/share (closed 11/30/11, transfer taxes $4,550)
$235,500 (closed 8/0295/11, transfer taxes $3,297)
For more information:
Contact Patricia Athanasopoulos at Patricia.Athana@kaled.com or
516 876 4800.
