Motivated sellers from $379K: Listings include a London Terrace roost and a renovated West Village townhouse 32% off

By CityRealty Staff | From Get To Know Tuesday, July 23, 2024

London Terrace Towers, #17B (BHS)

A motivated seller in real estate is an owner eager to sell their property quickly, often at a reduced price or offering favorable terms such as more lenient financing options, and concessions such as paying common charges or parking fees. Understanding the reasons behind a seller's motivation is crucial for buyers to make informed offers. These sellers may be motivated by the need to relocate urgently, financial distress, unexpected higher costs, or situations like job loss and bankruptcy.

Common reasons for a seller to become "motivated" include homes in poor condition or requiring significant repairs that the owner cannot afford, changes in family status like divorce or inheritance, and rental properties not generating enough income. Additionally, sellers might struggle with deferred maintenance costs or delinquent taxes, often seen with inherited properties. Financially distressed property owners may even risk foreclosure, prompting them to sell at below-market value.

Motivated sellers often prefer quick transactions, which can be advantageous for buyers ready to move swiftly. In short, the benefits for buyers include the opportunity to purchase below market value, the potential for a quick closing, and possible concessions from the seller.

Below, we rounded up active listings around the city listed by motivated sellers.

The Carlton East, #3A
$379,000 (-5%)

Midtown East | Cooperative | Studio, 1 Bath | 400 ft²

The Carlton East, #3A (Douglas Elliman Real Estate)

From the Listing: Motivated sellers! Introducing a large and beautiful studio residence nestled in the heart of Sutton Place on "Billionaires Row." Enhancing the ambiance, are cherry wood closet doors and hardwood floors. Southern exposure provides wonderful natural light, offering serenity amidst the bustling cityscape. The kitchen features granite countertops, and updated appliances. The bathroom is tiled with earth-toned finishes, a granite vanity, and a sophisticated Toto toilet. See floor plan and full details here.

166 East 61st Street, #16J
$439,000 (-6.4%)

Lenox Hill | Cooperative | Studio, 1 Bath

166 East 61st Street, #16J (Compass)

From the Listing: Motivated seller! Bring your offers! This sunlit, south-facing Upper East Side studio offers sweeping city views and is move-in ready. With a dedicated sleeping area, a sleek kitchen featuring white cabinetry and granite countertops, a renovated bathroom with marble tiles, hardwood floors, a separate dressing space, and generous closet storage, this apartment is both practical and elegant. See floor plan and full details here.

The Frost House, #3D
$510,000 (-7.1%)

Lenox Hill | Cooperative | 1 Bedroom, 1 Bath

The Frost House, #3D (Compass)

From the Listing: Motivated seller -- deal fell through. One-bedroom home in the heart of Lenox Hill includes ample storage space, stainless steel appliances, and large built-out closets. Upon entry to the north is the dining area and open kitchen. Further on is the vast living room. Through the living room is the primary bedroom and bathroom with soaking tub. See floor plan and full details here.

155 East 91st Street, #7B
$595,000

Carnegie Hill | Cooperative | 1 Bedroom, 1 Bath | 750 ft²

155 East 91st Street, #7B (Douglas Elliman Real Estate)

From the Listing: Spacious, bright, elegant and chic prewar 1-bedroom, 1-bathroom home is located on a prime tree-lined block off Lexington Avenue. Features include an oversized living and dining expanse with an open-concept chef's kitchen and double exposure. Additional perks include a grand and sunny bedroom, windowed spa-like marble bathroom, multiple closets and built-ins throughout, hardwood floors, and high-beamed ceilings. Motivated seller! See floor plan and full details here.

Gracie Gardens, #3H
$639,000 (-1.7%)

Yorkville | Cooperative | 1 Bedroom, 1 Bath | 897 ft²

Gracie Gardens, #3H (Douglas Elliman Real Estate)

From the Listing: Highly motivated seller...bring offers! This spacious corner co-op exemplifies classic Yorkville living. Oversized windows let in plenty of natural light, setting beautiful hardwood floors aglow. Window A/C is pre-installed in each room. The kitchen and bathroom have been remodeled and feature contemporary surfaces and sleek fixtures. The home begins with a central dining area that leads into a formal living room saturated with natural light. See floor plan and full details here.

170 East 92nd Street, #4C
$675,000 (-9.9%)

Carnegie Hill | Cooperative | 1 Bedroom, 1 Bath | 900 ft²

170 East 92nd Street, #4C (Corcoran Group)

From the Listing: With nearly 900 square feet of space, this Carnegie Hill home offers endless possibilities for your artistic endeavors. Hardwood floors, ample closet space, and a renovated kitchen add to the charm and convenience of this residence. The open kitchen seamlessly flows into the expansive dining and living area, creating the perfect space for entertaining. The oversized bedroom can easily be transformed into a den/office or even another bedroom. Two wood-burning fireplaces provide a cozy ambiance during the cooler months, while newer split unit air conditioners keep you cool in the summer. Maintenance fee includes cable, internet, and telephone services. Motivated sellers! See floor plan and full details here.

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Concord Village, #3A
$675,000 (-8.7%)

Downtown Brooklyn | Cooperative | 2 Bedrooms, 1 Bath | 834 ft²

Concord Village, #3A (Douglas Elliman Real Estate)

From the Listing: Two-bedroom priced below market rate, seller very motivated! This generously sized two-bedroom apartment in the urban oasis, Concord Village, Downtown Brooklyn is ready for your design. A large space, with good light, knock-out garden views, and co-op rules that allow for renovations including the installation of an in-unit washer/dryer, and even an open kitchen is a renovator's dream. This fabulous unit is full of natural light with a western exposure and views of the beautiful set back garden in front of the building. See floor plan and full details here.

The Brevard, #22M
$720,000 (-7.1%)

Midtown East | Cooperative | 1 Bedroom, 1 Bath | 850 ft²

The Brevard, #22M (Douglas Elliman Real Estate)

From the Listing: New price and motivated seller! This gorgeous high-floor corner 1-bedroom is bright and spacious with a great layout. Beautiful natural light streams in all day in every room, including the windowed kitchen and bath. The oversized 32' living room gives you room to stretch out and a dedicated dining area - perfect for entertaining! The large bedroom easily fits a king-size bed and a complete suite of furniture. The extra-large kitchen is renovated with full-size stainless steel appliances and a great eat-in breakfast bar that takes advantage of the beautiful eastern exposures. Garage next door offers reduced rate to residents. See floor plan and full details here.

Aurum, #PH9
$799,000 (-11.1%)

Harlem | Condominium | 1 Bedroom, 1 Bath | 865 ft²

Aurum, #PH9 (Platinum Properties)

From the Listing: Revel in your 765-square-foot terrace with a stunning panoramic view of vibrant Central Harlem. This spacious luxury penthouse apartment is flooded with natural light and features an open floor plan with plenty of living and dining space. Storage is abundant with 4 spacious closets. The open kitchen features lacquered cabinets and high end stainless steel appliances. Behind closed doors there is a exterior vented stacked washer/dryer. The all-white bathroom has natural glazed porcelain tile and a soaking tub. 25-year 421A tax abatement in place until 2040, offering long-term financial advantages. Motivated seller has just dropped the price accordingly. See floor plan and full details here.

Carnegie Plaza, #1102
$830,000 (-5.1%)

Midtown West | Condominium | 1 Bedroom, 1 Bath | 750 ft²

Carnegie Plaza, #1102 (Red Jacket Residential LLC)

From the Listing: Motivated seller! Gracious one-bedroom, high floor condo offers prewar charm, 3 exposures, tall ceilings, hardwood floors throughout, a renovated open windowed kitchen with granite counters, renovated windowed bath and generous closets. The bedroom has two large windows with opposite exposures and can easily handle a king size bed and more. See floor plan and full details here.

The 155 Condominium, #15B
$885,000 (-11.1%)

Murray Hill | Condominium | 1 Bedroom, 1 Bath | 746 ft²

The 155 Condominium, #15B (Elegran LLC)

From the Listing: Motivated owner says sell! Anyone who appreciates contemporary style and elegance will adore the renovated and open kitchen while the bathroom has also been beautifully updated with flawless attention to detail. The spacious layout is centered around the open-concept living room with a generous dining alcove and a ceiling fan. Quality appliances, ample cabinetry and sweeping countertops are yours to enjoy in the kitchen, plus there’s tons of closet space throughout. See floor plan and full details here.

The Sofia, #12A
$950,000 (-9.5%)

Lincoln Center | Condominium | 1 Bedroom, 1 Bath

The Sofia, #12A (Brown Harris Stevens Residential Sales LLC)

From the Listing: High-floor apartment in a prime Upper West Side location is in excellent condition with new floors, freshly painted, large living room, and three walk in closets. The building has a laundry room on each floor but does not allow washer/dryers in apartments. The seller is motivated! See floor plan and full details here.

325 Fifth Avenue, #10D
$1,250,000

Murray Hill | Condominium | 1 Bedroom, 1.5 Baths | 899 ft²

325 Fifth Avenue, #10D (Corcoran Group)

From the Listing: Motivated seller! Residence #10D offers expansive living space with 10-foot ceilings and floor-to-ceiling windows that flood the interior with abundant natural light. The open living concept accommodates separate living and dining areas, while the windowed chef's kitchen features top-of-the-line stainless steel appliances, black honed granite countertops with glass tile backsplash, and a pantry closet. With an inviting island and additional seating, the kitchen seamlessly integrates with the living room space. See floor plan and full details here.

The Lafayette, #2NN
$1,495,000

Greenwich Village | Cooperative | 2 Bedrooms, 1 Bath

The Lafayette, #2NN (Christies International Real Estate Group LLC)

From the Listing: Welcome to this south-facing, spacious, recently renovated and refined apartment on the corner of University Place and East 9th Street. South and east-facing windows fill the home with abundant natural sunlight, while the trees outside provide a touch of greenery. The kitchen has been upgraded with a marble backsplash, and several custom closets offer ample storage space. Motivated seller who is ready to sell. See floor plan and full details here.

Bryant Park Tower, #39F
$1,514,700 (-10%)

Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,261 ft²

Bryant Park Tower, #39F (Douglas Elliman Real Estate)

From the Listing: Stunning panoramic views to the south and east grace this two-bedroom, two-bathroom apartment in close proximity to Bryant Park. The expansive main bedroom boasts a southerly aspect, and the generously-sized kitchen features a convenient breakfast area. Bathrooms have deep soaking bathtubs. Washer/eryer hook-up in kitchen. The building provides access to a free laundry room and gym facilities. Enjoy the convenience of being near Whole Foods, Bryant Park, Broadway theaters, restaurants, Equinox and subway stations. Owner is motivated to sell! See floor plan and full details here.

Edith Apartments, #1D/2D
$1,850,000 (-7.3%)

Central Park West | Cooperative | 3 Bedrooms, 2 Baths | 1,700 ft²

Edith Apartments, #1D/2D (Douglas Elliman Real Estate)

From the Listing: Bring all offers! Motivated sellers! With a charming townhouse feel, this beautifully combined duplex apartment sits just off Central Park in an elegant prewar doorman building. The large entrance gallery leads up a proper staircase to the immense entertaining area, with a seamless flow from living to dining to kitchen. The 17'x24' double living room boasts extra-high beamed ceilings, custom lighting, and elegant wood floors. The incredible 21' chef's kitchen includes a custom breakfast bar and adjacent built-in windowed dining nook. The downstairs bedroom wing features two generous bedrooms, plus bonus third bedroom/office. See floor plan and full details here.

London Terrace Towers, #17B
$2,350,000 (-5.8%)

Chelsea | Cooperative | 1 Bedroom, 1 Bath | 900 ft²

London Terrace Towers, #17B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Price drop and motivated seller! This exquisite apartment in the historic London Terrace Towers is on the market for the first time in 30 years and offers a rare opportunity to own a piece of New York City's architectural history while indulging in modern amenities and breathtaking views. The remarkable corner unit features a very large living room and oversized bedroom both alongside a sprawling terrace. Interiors boast a windowed kitchen, hardwood floors, high beamed ceilings, original steel-framed doorways, and central a/c (possible). The monthly maintenance includes the pool, steam, sauna and locker rooms, heat, hot water and gas, very low electric (sub-metered). See floor plan and full details here.

111 Central Park North, #4A
$2,375,000 (-8.5%)

Harlem | Condominium | 3 Bedrooms, 3 Baths | 1,955 ft²

111 Central Park North, #4A (Compass)

From the Listing: Motivated sellers! Immerse yourself in the epitome of Central Park living with this exquisite three-bedroom, three-bath home with full-on Central Park views. With a layout perfectly crafted for both living and entertaining, this highly coveted corner unit is perfect for those who seek an active lifestyle, with the park just outside your doorstep. The heart of this home is the open-concept living area, featuring a dining space with a gourmet kitchen. Just off the living room is your private balcony overlooking Central Park North and the surrounding city, the perfect place to sip your morning espresso or relax with your favorite beverage at sunset. Purchase price includes your very own deeded parking space. See floor plan and full details here.

130 Charles Street, #TH
$7,950,000 (-32.3%)

West Village | Townhouse | 3 Bedrooms, 3.5 Baths | 2,800 ft²

130 Charles Street, #TH (Compass)

From the Listing: Motivated seller, bring offers. Designed by the internationally renowned architecture and design firm Messana O'Rorke, 130 Charles Street is one of the most exceptionally crafted townhouses in all of the West Village. Originally constructed in 1853, its historically preserved 28-foot wide Greek Revival facade belies the decidedly contemporary interiors that lie behind. Enter via the parlor floor to a full-width living room adorned with many design features consistent throughout much of the home: wide-plank hardwood flooring, a wood-burning fireplace (one of four), and custom millwork. A custom oak and steel stair connecting all floors leads down to the garden level, flanked by the home’s minimalist kitchen with Calacatta marble surfaces and Miele appliances as well as a service area with laundry facilities. See floor plan and full details here.

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In this article:

"Motivated Seller" Listings

The Carlton East, #3A
$379,000 (-5%)

166 East 61st Street, #16J
$439,000 (-6.4%)

The Frost House, #3D
$510,000 (-7.1%)

155 East 91st Street, #7B
$595,000

Gracie Gardens, #3H
$639,000 (-1.7%)

170 East 92nd Street, #4C
$675,000 (-9.9%)

Select which properties are of interest to you:

Concord Village, #3A
$675,000 (-8.7%)

The Brevard, #22M
$720,000 (-7.1%)

Aurum, #PH9
$799,000 (-11.1%)

Carnegie Plaza, #1102
$830,000 (-5.1%)

The 155 Condominium, #15B
$885,000 (-11.1%)

The Sofia, #12A
$950,000 (-9.5%)

325 Fifth Avenue, #10D
$1,250,000

The Lafayette, #2NN
$1,495,000

Bryant Park Tower, #39F
$1,514,700 (-10%)

Edith Apartments, #1D/2D
$1,850,000 (-7.3%)

London Terrace Towers, #17B
$2,350,000 (-5.8%)

111 Central Park North, #4A
$2,375,000 (-8.5%)

130 Charles Street, #TH
$7,950,000 (-32.3%)

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"Motivated Seller" Listings

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Select which properties are of interest to you:

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