NEW YORK, NY - Sales and marketing team Bracha New York at Keller Williams NYC, has completed an $8.35 million sale of a condominium in the Time Warner Center. Located at 25 Columbus Circle, Unit 74E, the apartment includes two bedrooms and two and-a-half bathrooms totaling 1,433 square feet. Ilan Bracha and Lawrence Lee of Bracha New York at Keller Williams NYC sold the property in an off-market transaction to an all-cash buyer.
With a number of luxury buyers seeking bigger apartments today, Bracha New York identified that the adjacent apartment was already on the market, and contacted the listing broker to see if any previous buyers had expressed interest in a bigger unit. Bracha New York’s strategy paid off and the purchase of Unit 74E was bought as part of a combination deal with the apartment next door for a two-unit transaction totaling more than $30 million.
"Since this was a two-unit combination deal, both condominiums needed to close simultaneously in order to make the transaction a success," said Lawrence Lee, team leader at Bracha New York. "This combination deal set a new price per-square-foot record for an E-line residence in the building."
Lawrence added, "The buyer plans a full-gut renovation to combine both units into one updated apartment. Once combined, the apartment will feature incredible north, south, east and west views."
Time Warner Center was designed by renowned architect David Childs of Skidmore, Owings & Merrill. Time Warner Center features a concierge, swimming pool, health club, spa, 24-hour doorman, laundry room, valet parking, room service, housekeeping and garage.
About Bracha New York: Ilan Bracha, the chairman of Keller Williams NYC and founder of Bracha New York, has long been considered one of Manhattan’s super real estate agents – completing well over $2 billion in transactions and established an impressive global network of clients with asset portfolios valued at well over $10 billion. Bracha New York’s mission is to realize results by establishing the strongest network of clients around the world, and to help those clients build upon their wealth. The team is firmly committed to excellence, valuing incomparable customer service, respect and integrity above all else. Bracha New York understands that a home - a client’s most valuable asset - should be used as a vehicle for wealth building. For more information on Bracha New York, please visit www.bracha.com