Making a first purchase in the West Village
Matthew searches for and secures a charming pre-war cooperative on Charles Street.
Matthew moved to NYC from Tokyo to begin a new position at a downtown tech company. He was keen on the West Village, and we speedily helped find him a suitable rental on Bank Street upon arrival. Over Matthew's first year here, we consulted with him to accumulate liquid assets in preparation to purchase upon expiry of his lease. Once Matthew was ready to purchase, we began his co-op search in earnest, focused on one-bedrooms under $1M within walking distance to his office.
We had our eye on a rare trinity of "must-haves" - West Village, pre-war, in-unit washer/dryer - that made our search exciting, our options elusive and our bidding environment competitive.
We considered a dozen West Village co-ops, all of which would hit several requirements on Matthew's list but fall short in one important category: condition, charm, W/D, etc. We choose to stick it out for something perfect, and after a lengthy search, a home came on the market that checked every box. It was a pre-war one-bed co-op on bucolic Charles Street, and featured original ornate moldings and trim, tree-top views, pre-war proportions, and, a new washer-dryer.
As with many of the options we were considering, this property saw 100+ visitors in its first two weeks on the market. This traffic yielded multiple offers, so we put together a compelling asking-price offer which emphasized Matthew's strong financial position and impressive professional accomplishments. We also lined up our attorney for expedient due diligence, which reflected our seriousness and commitment to the seller.
We succeeded in securing the property for Matthew, and then helped him navigate a complex lending process (given his shorter US-based credit history) and a lengthy board package review. Matthew closed in time to line up with his moving date.