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Million Dollar Listing New York: the Final Shakedown

Posted on 06/25/2015 by Elizabeth and General News

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By Ashley Thompson

 

Fredrik is in Tribeca. 290 West is right on the Hudson River. The lower section of the building has 10 apartments; A-line has 2500 sqft of 4 bedrooms and 4 bathrooms while the B-line is 2241 sqft 3 bedroom 3.5 bathrooms. The upper section has three penthouses, two of which are identical duplexes. At the very top is the 3,060 sqft, mega penthouse which has 4 bedrooms and 4.5 bathrooms and 1600 sqft of private rooftop terrace and swimming pool. $2550 is the neighborhood average per square foot but Fredrik wants more, $3100/sqft. His potential commission is $3,000,000 but no sales tools to purchase. But private showing to fancy people in a construction zone isn't easy. He is left to show off the views via boat ride which costs him $20,000. The best part of the night isn't the possible sell out, it's his best friend announcing to Fredrik and his husband that she will mother their children! How early can infants high kick?

Ryan is in SoHo and it's fancy free-standing townhouse. It has 3420 sqft, 3 stories, built in 1930, garden courtyard, 2 bedrooms, 5 bathrooms (which doesn't make much sense), and air rights (rights to build up on top of a building). The seller wants to list at $12,000,000 but Ryan doesn't feel the air rights will equate to the higher price. He suggests a price of $10,000,000 which would make his commission $300,000. But he can't find anyone interest in building up so the price feels to high to most. When will his quick wit dig him up and out? The only offer Ryan receives is an offer of $10,500,000 to tear the house down. I feel a strong "no" on that one from Roger, the seller. (We see your "Team Serhant" phone case, Ryan.) But the deal will settled at $11,000,000... but all that hard work down the toilet, so sad. Oh but wait... the buying client was arrested so no deal. Let's just say the seller isn't happy and he is searching for a new broker ASAP. Lost commission is $330,000.

Luis is with a previous seller to sell more apartments in a building Luis' has already visited. Luis will only participate if Ian tones down the condescension. The 12th floor has a 3,000 sqft apartment. Built in 1938, the building has age actually not on it's side but if the final unit on the floor could be bought and built in to then it would house Central Park views, worth thousands per square foot. Luis would propose $25,000,000 if this were to happen. It would make Luis' commission $750,000. After buying out only one of two remaining units on the 12th floor, Luis has to find the owners of Unit F. Since the unit has been rented but the owner travels (and doesn't seem to have any paper trails) Luis is left to call the rental broker for contact information. However, the last rental was in 2003 so that broker is no longer available. Strangely enough it looks like Luis will be working against Ryan for this last deal. The man Ryan is representing (against Luis) is actually owner of two combined units, but two brand new buildings are being constructed right outside his windows. This makes him the luckiest man alive because Luis wants his developer to buy his apartment. This man feels he is being forced out of his apartment but Ryan wants the opposing side to over pay by $1m. I think he's ready to pack now. Just to mess around with Luis Ryan lists the $2m unit fore $10m.

 

Photo credit: Bravo


  


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