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Beresford Apartment Avoids Foreclosure, Sells at Discount

Some long-time Beresford residents who found their finances derailed by the 2008 credit crisis had no choice but to let their place fall into foreclosure in late 2012. An auction was scheduled, delayed, and delayed again, though, giving the residents just enough time to find buyers in the traditional way. The apartment has sold for $6.6 million, The Real Deal reports; the apartment was asking $7.35 million. It just narrowly avoided joining the fewer than 10 NYC co-ops that have entered foreclosure since World War II. Well done!

· Beresford co-op once on the foreclosure block instead sells for $6.6M [Real Deal]
· Foreclosure Auction Still Planned at UWS Power Building [Curbed]
· The Beresford archive [Curbed]

The Beresford

211 central park west, New York, NY