217 West 70th Street
Sold … eventually … years after Dexter talked them into renovating and staying.
About the Property
This townhouse’s unique challenge:
Originally, the owners of this West 70th Street townhouse came to Dexter Guerrieri in 1995 with intentions of selling. This 15-foot wide bow-front property near Lincoln Center was, at the time, worth about $800,000.
Our team’s innovative solution:
Dexter recommended they NOT sell. Instead, he advised that they first create a deluxe garden duplex owner’s unit to maximize the value of the property and to achieve the price they sought. Post renovation, the owners liked the results so much that they decided to stay!
Six years later, in the spring of 2001, they hired Dexter as their exclusive agent. Even with three low-paying tenants, Dexter brought in $1.735 million – over twice the previous value, a rate of increase far in excess of the typical housing value increases during a slow economy.
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Vandenberg—The Townhouse Experts®
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