314 West 98th Street

This townhouse’s unique challenge:

This 19-foot wide townhouse on Manhattan’s West 98th Street was built 68-feet deep, with a 3-story extension. While filled with beautiful details, its vacant floor-through on the parlor level provided limited space for a buyer to move into. Its six additional rent-stabilized (RS) apartments produced modest income. As a result, this house supported very limited bank financing.

Our team’s innovative strategy:

Representing the out-of-state sellers, Dexter suggested that they provide mortgage financing to complete the transaction. A solution the sellers had not considered or even known possible, they crunched the numbers with Dexter, received approval on all ends, and happily accepted a top market price.