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The Deals and Duds of Westchester's Real Estate
The Speculator

February 2009

02/05/09

Co-operative (High-End) Living

A 3 BR, 2-bath property with almost 2,500 square feet near the tony downtown of Bronxville selling for $1.59 million sounds like a nice house, right?

Wrong.

It’s a co-op, and in one of the most high-end buildings in the county.

Located in the Southgate, a stone and stucco grande dame of a pre-war building, Unit 5C has oak floors throughout, high ceilings, French doors leading to a terrace, a fireplace, a library, and two-minute walk to the Metro-North.

The listing was reduced from $1,650,000 shortly after being put on the market September 2008. But still no takers.

“November and December were tough,” says agent Carol Young of Houlihan Lawrence in Bronxville. “It’s picked up a bit this new year...

Posted at 02:39 PM | Permalink | Comments: 0

About This Blog

John B. Turiano

John B. Turiano
White Plains, NY

Ever since purchasing a condo at 10 Stewart Place in White Plains in 1999 (and seeing an approximately 300% rise in value over the subsequent years), John Bruno Turiano has been in love with real estate. His idea of an exciting Saturday night is watching a marathon of Flip this House.

He also sleeps with the New York Times Real Estate section under his pillow.

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