48 West 87th Street

This townhouse’s unique story:

This 20’-wide townhouse on West 87th Street offered a picturesque façade and a Park-block location, but was saddled with three regulated rental units. When the owner first came to us in 2005, he insisted on getting no less than $5 million.

Dexter Guerrieri’s innovative solution:

This listing dropped off the radar for most agents, but the Vandenberg team keeps track of every house for sale at all times. When the market finally caught up with the seller’s price – seven years later! – our Buyer Specialist was ready, bringing a buyer who was ready to bid. Once the offer was accepted, we worked quickly to close this sale before the potential 2013 capital gains tax increase. This saved the owner even more money and the sale closed for his long-desired price at $5,150,000.