Manhattan Listings That Have Lingered

Manhattan Listings That Have Lingered

The unit has 27 windows, four exposures, and original moldings, but with lemon-yellow walls, curved curtains, and antique dark-wood tables and chairs, the apartment has a retro look that may not appeal to everyone.

According to tax records, the seller of the apartment is Judith F. Hernstadt, a former television manager whose husband William H. Hernstadt was a former Nevada senator who grew up in Manhattan. The listing marketing team decided instead to highlight a long-dead owner, jeweler Harry Winston, who died in the 1970s. Winston "was known for having priceless jewels in his pockets" and "therefore valued the highest level of security and privacy that this lovely apartment offers," according to the ad from Louise Beit, a Sotheby's agent representing the listing. who refused to comment.

But even the current celebrity seal of approval is no guarantee of a quick sale. Since 2017, Jennifer Lopez, the superstar singer and actress, has not found a buyer for her penthouse co-op on 21 East 26th Street. Ms. Lopez could be in a good position to wait for a buyer for the unit, which came in at around $ 27 million and was only reduced to $ 25 million once in 2019. She paid about $ 20 million for the apartment in 2014. Adam Modlin, Ms. Lopez's agent, made no comment.

Some apartments do not find buyers even after significant price reductions.

A duplex penthouse at 245 Seventh Avenue in coveted Chelsea with nearly 12-foot ceilings and 1,100 square feet of terraces has been waiting for an admirer since 2016, although the price has fallen sharply from about $ 11.6 million to $ 6 million . However, the home's nearly $ 12,000 monthly home spending on taxes and building maintenance can be an obstacle. Ronald Lense, the Elliman broker who managed the listing, had no comment.


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