The secret to buying an apartment at The Apthorp is to bid 30% to 40% off the asking price, and the buyer of #2A?a massive 4,252-square-foot spread in the perpetually chaotic Upper West Side landmark?did just that. In late December, the buyer closed on the $8.875 million apartment for just over $5.3 million, or 40% off. That may not be the best deal in the building, but $1,247/foot for one of these pre-war gems ain't bad. The ink on the deal is barely dry, but the 5BR/4.5BA apartment is already back on the market. It's not the first flip attempt at The Apthorp, but it's the loudest.
The new asking price is $10,630,000, twice the amount of the initial sale. Power broker Ilan Bracha has the listing, which for now lives on StreetEasy because Bracha's new Keller Williams operation isn't quite up-and-running yet. According to property records, the buyer/owner/seller is Murray Huberfeld, who?if you believe everything that you read?is an investor with a slightly sordid past, including an involvement with Scott Rothstein, South Florida's answer to Bernie Madoff. No floorplan on the listing yet, but check out those deliciously historic photos. Do they have any deep-pocketed buyers seeing double?
· Listing: 390 West End Avenue #2A [StreetEasy]
· Apthorp coverage [Curbed]