In the last year, six of our eleven apartments sold at asking price for cash or with owner-financing.
Were these a good deal for the buyers? Let’s take a look. The numbers tell the story.
PROFIT FROM INSTANT RESALE
A light and lovely one-bedroom unit with southern and western sun-filled exposures was on the market only five weeks receiving multiple offers before it was snapped up for $140,000 cash. This luxurious apartment located in the Tower of the Inn was already in good condition. The buyer redid the floors but made no other improvements.
Compare: To realize the profit immediately, the owners quickly listed the same unit with Halstead Property Company for $220,000. We are not making this up, search the Halstead website or to Trulia.com.
Bottom line: This is a potential $80,000 windfall for the new owner!
PROFIT FROM BELOW MARKET SALES PRICES
Studio purchased at our sale price of $90,000 from us at Station Square Studios. A lovely unit with brilliant sunlight and antique wood plank floors with a reasonable maintenance including all utilities.
Compare: Studio purchased for $125,000 from a broker. This unit is is of smaller size and facing a brick wall with no sunlight and similar maintenance.
Bottom line: A savings of $35,000 on closing day!
One Bedroom Deal
Our sun-drenched one bedroom with gorgeous Gardens views was not even empty or painted before it received numerous offers to grab it in “as is” condition. The buyer paid only $150,000 for the unit from Station Square Studios, because we are highly motivated to sell these units quickly.
Compare: A comparable apartment with similar maintenance is for sale at 25 Burns St. (one building away) for $330,000 with similar carrying charges. Unreal! Go to the Terrace/Sotheby’s website and view it.
Bottom line: Our lucky buyer got virtually the same space for less than half the market price!
Two Bedroom Deal
Our magnificent two-bedroom featuring a bath and a half plus a 400-square-foot terrace was offered to the tenant who grabbed it for $200,000 cash.
Compare: Seven months later, a three bedroom, two bath apartment with no terrace and similar maintenance sold at 150 Burns St. just down the block for $720,000!
Bottom line: Our lucky buyer has a potential half-million-dollar jackpot on his hands!
Want a Deal Like This For Yourself?
Check out some of our just-released apartments!
Listed: Euro-Style Studio
Our Euro-style studio for $88,000 with almost 400 square feet plus an eat-in kitchen features five windows all facing west.
Compare: The same unit for sale one flight directly above is now listed for $139,000!
Bottom line: You don’t need to be a rocket scientist to see which is the better deal. Our apartment is offered at $50,000 less!
Listed: One Bedroom Deal
Our just-released one bedroom unit with beautiful bay window in the living room and also open south and west sun-drenched exposures is now on the market for $149,500.
Compare: On the very same floor a one-bedroom apartment with very small closets and a shared common balcony is being offered for $360,000 with a maintenance that is $200 more per month.
Bottom line: Check the values for yourself! These are real, current prices. Do a search for < #205 One Station Square, Forest Hills, NY> at Trulia.com or Google <One Station Square, Forest Hills, NY> to verify prices. Due to our wish to move these units immediately, you will see the extent of our discounts.
Listed: Artist’s Studio
Our Nighthawk’s Nest artist’s studio with Parisian-style windows and architectural flair is offered at only $95,000
Compare: A studio facing a construction site being offered at $140,000. Are we serious? Check out the high-priced unit #206 at Better Homes and Gardens Realty.
Bottom line: Our fire-sale is coming to an end in the next ten weeks.
The offers are already coming in and contracts going out. Please don’t call after the sale and tell us you’re ready to buy. And don’t tell us to let you know if another offer comes in. We sell to the buyer who is ready to close and who is qualified to make the purchase.
We have been brokers in Forest Hills Gardens for over thirty years and have never seen such bargains. But they will not last. You must act within the next few weeks or these units will be sold at far higher numbers.