West 77th Street

This townhouse’s unique story:

This West 77th Street townhouse had been a profitable bed-and-breakfast for many years. Period interiors and proximity to Riverside Park were strong selling points to tourists. Then in 2011, a new law made bed-and-breakfasts illegal. The owners had no choice but to sell.

Dexter Guerrieri’s innovative solution:

To maximize the sale price, Vandenberg strategically guided the owners and buyers to the property’s market value. A price adjustment brought two bids at the new asking price. Despite tenancy issues and a complicated signing, Dexter expertly guided negotiations. In the end, the owners were thrilled to sell for $3,700,000, a record price for an unrenovated townhouse on the Broadway/West End corridor.