311 West 102nd Street

This townhouse’s unique challenge:

This townhouse on West 102nd Street had been gut renovated in the 1960s. While it boasted a stunning garden and a suitable owner’s unit, it also had five, low-paying rental units. Typically, this house would have sold for a modest price to an investor, rather than an end-user (that is, someone who would make their home in the house).

Our team’s innovative solution:

Dexter understood the up-side in this offering and found an appreciative buyer — one he’d assisted twice before in Upper West Side transactions and who was not intimidated by the rent-stabilized units. With more than he ever expected to pocket from the transaction, the owner happily relocated to warmer climates. As a footnote, the new buyer successfully relocated all the tenants and created a beautiful single-family home.