Dan Purjes is always interested in reading the various stories in the New York Times. Often, he follows the stories about Mctague and the Barrons, who his asset and investment is doing on Wall Street, whether an investment fund is worth looking at, and more. However, when he was recently driving through Rockwood, he noticed a number of incredibly expensive properties for sale. This caused him to move away from the NYC’s newspaper’s final list and main story for a change, and to look instead at some of the most expensive properties sold in the area.
Dan Purjes on $1.5 Million+ Properties
Every week, surveys are conducted on residential sales in NYC and the area around it. Often, these surveys focus on particular price points, enabling people to compare co-ops, condos, single family homes, and so on. The list price that is surveyed is the price on which the property was listed when it became available and a final list will usually also include how long the property was on the market. Those that interested Dan Purjes in particular were:
- 305 Hicks Street, No. 4 in Brooklyn Heights. This was a three bedroom, 1 bathroom property that had a listing price of $1,650,000. IT was a prowar co-op with living room fire places, a private roof deck, and granite counters in the kitchen. It was on the market for 15 weeks. The property measured 1,250 square foot and was found in a walk-up non-doorman building. Maintenance is $797 per month and was brokered by Douglas Elliman Real Estate.
- 111 Ivy Way in Port Washington,. This was a three bedroom, two and a half bathroom property listed for $1,442,500 and sold for $1,499,000 after being on the market for 11 weeks. It is an 80 year old brick house, hipped roof property with a living room fireplace, 0.65 acres of round, a modern kitchen with stainless steel appliances, a formal dining room, and central air conditioning. The cost of taxes is $17,587 per year and the broker was Daniel Gale Sotheby’s International Realty.
- 92 Horatio Street, No. 1S, in West Village. It was listed for $1,450,000 and was on the market for 17 weeks. It was an 880 square foot co-op from the prewar area with an en-suite bathroom, spiral staircase leading to a sleeping loft, and exposed brick walls. It is situated in a non-doorman building that does have a live-in superintendent. The cost of maintenance is $1,756 per month and it was brokered by CORE.
- 3 South Ridge Road in Larchmont, a six bedroom four bathroom property listed for $1,460,000 that sold just below that for $1,450,000 after 14 weeks on the market. It is a 65 year old ranch style property across 3,400 square foot. It comes with a bay window living room and a cathedral ceiling family room, as well as a pool. The property comes with $30,560 per year in taxes and was brokered by Houlihan Lawrence.