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Price is Finally Right on $8.875 Million Upper West Sider

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Our previous coverage on West 63rd Street's Park Laurel indicates that the 40-story condo tower is no stranger to epic spreads with matching price tags. No shocker, because buildings with pyramids on top tend to feature interesting stuff. But here's one Park Laurel pad that took its sweet time getting things right. When it sold in 2005, #25B?a 3BR/4.5BA apartment with just over 2,900 square feet?went for $5.365 million. In January '09, those buyers put the place back on the market for $9.8 million. They added flashy touches like a marble gallery and custom built-ins, but by the time the listing took a break from the market nearly one year later, the price had fallen to $8.25 million. Time for a twist!

The listing traded hands from Sotheby's to Brown Harris Stevens, which put the condo on the market in January for $8.875 million, a pretty penny more than the previous asking price. Talk about newfound confidence in the market! It worked. The apartment went into contract in February, and the sale recently closed for the full asking price of $8.875 million. Had the buyers seen the place earlier, maybe they could have gotten it cheaper, but dem's da breaks. The buyers are listed as Mark Brodsky and Valerie Cooke, who, based on some intense Google-based research, are apparently on the board of the New York Philharmonic. The Park Laurel's proximity to Lincoln Center was clearly a draw, but all that saved cab fare will be probably go right to the hefty maintenance and tax fees.

The pictures in the gallery come from the old Sotheby's listing, and here's the floorplan:

· 15 West 63rd Street #25B [StreetEasy]

The Park Laurel

15 West 63rd Street, New York, New York