Walker Tower Unit Flips for $2.9M Profit
The Real DealFebruary 09, 2014Walker Tower just got its first successful flip, and at $2.9 million, the profit wasn’t bad.
In December, seller Burt Freiman purchased a unit in Walker Tower for just over $5 million. Within a week the 2,179-square-foot, two-bedroom, two-bathroom unit was back on the market. Now the unit has sold for $7.775 million, according to Curbed.
The apartment, which Freiman had never even set foot in, was on the market for a mere three weeks. In fact, the unit went into contract in early January, with the buyers approaching broker Reba Miller of CORE.
According to Curbed, Freiman, a retired businessman, previously purchased a sponsor unit in 15 Central Park West for $4.9 million that he later sold for $7.6 million.