UPPER WEST SIDE
46 W. 71st St.

One-bedroom co-op
Asking price: $150,000
Selling price: $145,000
Time on market: 4 weeks

Don’t get your eyes checked just yet. This apartment really did sell for $145,000. And it really is less than a block from Central Park. How did this happen? A rent-stabilized tenant has lived in the unit for 20 years, and has the legal right to stay as long as he wants. His rent is only slightly higher than the $665 maintenance fee. Deals like this are rare, but they do exist, a Halstead broker, Danica Cordell-Reeh, told The New York Sun. Since she found this 30-by-15-foot studio, word of the deal has spread. She now has about 30 clients searching for similar properties. Demand, understandably, exceeds supply. “I can’t find ’em. I have a lot of people who are looking for them,” Ms. Cordell-Reeh said, adding that “it’s a very desirable price range.”

UPPER WEST SIDE
142 West End Ave.

Studio co-op
Asking price: $435,000
Selling price: $430,000
Time on market: 3 months

This Lincoln Towers studio was so nice, the seller didn’t want to give it up. But she had been living in Jersey City and subletting it for two years, so she had to move back or sell. “It’s a fabulous, fabulous apartment,” the exclusive broker on the transaction, Marcia Gershon of Bellmarc, said. “It’s almost the size of a one-bedroom everywhere else in the city.” In fact, she said, it could easily be converted. A wall of windows faces north, overlooking the Lincoln Towers park.

The buyer, a clinical psychologist, had been living in Long Beach, but he wanted to take advantage of Manhattan. “Being out in Long Beach was not exactly giving him the cultural feel he was looking for,” Ms. Gershon said.

UPPER EAST SIDE
401 E. 86th St.

2-bedroom co-op
Asking price: $1,250,000
Selling price: $1,250,000
Time on market: 5 months

With exposures on three sides and an almost top-floor location, this unit has a “spectacular” view, a City Connections broker who represented the buyers, Doug Hochlerin, said. His clients weren’t interested in a co-op, however, because they didn’t like the idea of facing a board’s judgment. “I had condo people, people who were specifically condominium [buyers] because they didn’t want to go through board approval,” Mr. Hochlerin said.

Luckily, this apartment was a “sponsor unit,” which meant approval wasn’t necessary. His clients submitted an offer in early August, when the price was still $1.2 million. Mr. Hochlerin called every day for a week, sometimes twice, to check on the offer’s status.

But the unit was undergoing a complete renovation, and the seller, Goodstein Management,decided to raise the price. The management company offered it first to Mr. Hochlerin’s clients, who accepted it the same day.”My people saw it and realized it was a great invesment,” Mr. Hochlerin said.