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These Listings Prove That Our Market Is Red Hot

Our market is very active right now, and we’d like to demonstrate this to you today by sharing three of the fastest-moving properties that sold in our New York area this month.

First on our list is 344 West 12th Street, Apartment 4B, a 1-bedroom, 1-bathroom unit that was listed at $749,000 with a monthly maintenance expense of just $866. Complete with an open-concept kitchen and fabulous wood-burning fireplace, this great property sold in just under 14 days.

"Today’s market is red hot."

Next, there’s 370 West 118th Street—a great condominium in the Upper West Side that sold for $1,100,000 in less than 12 days. This 3-bedroom, 2-bathroom abode has common charges of $1,109 a month with abated taxes of just $16 a month, making it a very affordable option, given its size and location.

The last property on our list didn’t initially see the success that eventually made it worth mentioning in this message. After failing to sell twice before, the 21 Mercer Street Penthouse was recently relisted at $7,350,000 with incredible success—it sold in just four days!

The Penthouse has three bedrooms, two-and-a-half bathrooms, and a roof deck with a great view. The common charges for this property amount to $1,987 per month, with $3,084 in taxes.

As this list shows, today’s market is red hot. If you have any other questions or would like more information, feel free to give me or my team a call or send us an email. We look forward to hearing from you soon.

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Which Properties Sell the Quickest in Our Buyer’s Market?

Many listings in our area are selling in a month or less—some are selling in a mere 15 days. In today’s first-ever monthly market update, I want to highlight three of these properties to give you a sense of what buyers are scooping up in today’s Manhattan market:

1. 71 Barrow Street, Apartment 2. This sponsored co-op in the heart of the West Village was only on the market for 13 days, which means they accepted an offer in the first week! The asking price was $825,000, with a maintenance fee of $916. With its excellent condition, a property like this will usually sell quickly.

2. 340 Riverside Drive. This unit was only on the market for seven days before they had a signed contract, meaning they probably got an offer within the first 24 hours after it was listed at $1,995,000. With it being a co-op, they didn’t disclose the approximate square footage. It was a beautiful, classic, five-room home located at 106th Street and Riverside Drive. It wasn’t always in excellent condition, but they thought that the value was there for a two-bedroom home; the property had a 10% flip tax that the seller paid and, even with those conditions, it sold just like that.

"Penthouse 53 was listed by a great broker with the Hudson Advisory Team, and after only seven days on the market, they sold the penthouse for $27 million!"

3. 56 Leonard Street, Penthouse 53. Penthouse 53 was listed by a great broker with the Hudson Advisory Team, and after only seven days on the market, they sold the penthouse for $27 million! Though there’s a ton of luxury inventory on the market, this property was 6,400 square feet with panoramic views of New York City from Lower Manhattan in an iconic building. That is $4,219 per square foot!

As you already know, I do all types of videos about how to sell a home in New York City and anywhere else in the county. From now on, we’ll be coming to you monthly with a market update of properties that we’re selling under these market conditions in two weeks or less.

If you have any questions, please don’t hesitate to reach out. I’ll be sure to respond to you as quickly as possible.

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