Armen & Armen Successfully Represent Colonial Court in Record Sale

Armen & Armen exclusively represented Colonial Court, a.k.a. 76th Street Owners Corp, in the sale of Coop-owned unit #429. Being one of the smallest one bedroom layouts in the building, the sale was expected to gross between $250,000 to $265,000. It ultimately closed this past month, April 16th 2014 at $280,000 exceeding expectations by over 10%.

Review by a board member on said it all:

Greg   Helped me sell a property

Armen and Armen were fantastic to work with. I am on the Board of our Coop, which bought, renovated and resold an apartment on behalf of our shareholders. “The Armens” had excellent knowledge, brilliant marketing skills (and a great photographer), plus a trove of interested buyers (mostly from Manhattan) they were eager to sell a home to. In the end, we raised our conservative asking price, and still sold the unit $15K over the higher ask. In all, the Armens were attentive, friendly and extremely diligent. One more thing: because word has gotten out in our building about how good the Armens are, a majority of shareholders have decided to use them. The big side benefit is this: In part because of them, the comps in our building have risen appreciably, which has created a virtuous circle. Armens > Good results > Word Spreads > Higher Prices > Armens > Even better results.

Tue, Apr 22, 2014


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