RENOVATED CO-OPS AT CONTINENTAL PARK ARE NEARLY SOLD OUT
After hitting the market in October, the renovated co-op units at Elmhurst’s Continental Park are nearly sold out. More than 90 percent of the units officially sold, while all remaining have contracts out and closings have begun. Myles Horn, ABC Properties and Fisher Associates purchased 79 of the 153 co-op units and initially listed 61 for sale. The interiors were totally renovated (check out a building tour here) as well as the building common areas. There are also added amenities like a new playground, fitness center, and residents’ lounge.
The first weekend the sales center opened, around 1,000 people came to tour the units, and by December over 60 percent of the apartments sold. Units were entering contract at ask, with studios starting from $185,000, one bedrooms from $229,500, two bedrooms from $347,500 and three bedrooms from $509,500. “Apartments flew off the shelves,” said Yael Goldman, sales director for The Continental Park. “The interest, from start to finish, has been remarkable. There aren’t enough homes for interested buyers.”