The Rental Market

Get a condo at a discount with this Long Island City FSBO

By Virginia K. Smith | December 10, 2015 - 3:59PM

There aren't a lot of ways to get a discount in New York's overheated condo market, but finding a seller who'd like to get the deal wrapped up ASAP will always work in your favor. Such is the case with this two-bedroom FSBO in Long Island City whose owner has put it on the market sans broker and writes in the listing, "I am willing to sell for below market value in order to have a quick sale, avoid paying the brokers fee and pass the savings to the buyer." (Full disclosure: One of our contributors knows the seller.)

The asking price is $1.165 million, and the building has nine years left of a 15-year tax abatement. (Note: An apartment of the same layout two floors down is in contract and sold for $35,000 more).

The current owners have also made a few upgrades to the apartment since buying it in the pre-construction phase in 2007 (the building was built in 2008), according to the listing, including "redoing the floors with top grade wide plank Duchateau floors," and swapping in the original PTAC air conditioner with higher-end heating and cool units. Also, based on the photo of the living room, it looks like there's a small deck for outdoor space.

The finishes are all a bit bland in the bedroom and bathroom, but we particularly like the tiling in the galley kitchen (though it looks like it'd be a squeeze for more than one person):

The doorman building is pet-friendly as well as pied-a-terre friendly, and has a gym as well as a roof deck, and is located right on top of the 7 train station, making it a five-minute commute to Grand Central.


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