Ryan Serhant sells 45 W. 67th street condo for $8.3 Million in record time

The Real Deal

Jan. 1, 2012

Residential deals

January 2012 Magazine 
Lincoln Square

$8.3 million

45 West 67th Street

Five-bedroom, three-and-a-half-bath, 3,000 sf condo in a full-service doorman building; apartment has marble foyer, limestone-clad gas fireplace, 1,100 sf terrace and butler’s pantry; building has valet service and a private courtyard; maintenance $3,377 per month; taxes $2,723 per month; asking price $8.49 million; 112 days on the market (Brokers: Ryan Serhant, Nest Seekers; Nick Jabbour, Nest Seekers)

“The apartment had been on and off the market since 2007. It was originally listed for $14 million, and at one point the owners turned down $12.5 million. I got the listing when it expired from [another broker]. One family walked in and said they didn’t want to buy, they wanted to rent. I knew the apartment rented at $25,000 per month during the boom. The family wanted it, but I knew my owners didn’t want to be landlords, so I said, ‘If you really want it, the number is $40,000.’ I got them to just below that. They signed a lease. Four days later, we sold the apartment to a London investor for just under ask. With the apartment rented, the numbers made sense for an investor. When we were showing it, every broker would come in and say it was overpriced, but I knew the value was there.”
– Ryan Serhant, Nest Seekers

Nest Seekers CEO, Eddie Shapiro added " product repositioning is one of our expertise. That what we did with this property, hence the results".   

Ryan Serhant Ryan Serhant
Licensed Associate Real Estate Broker
Nick Jabbour Nick Jabbour
Licensed Associate Real Estate Broker licensed as "NICHOLAS E JABBOUR"