Agent hopes ‘ lucky 8’ lures a buyer
Knowing that numbers have always played an important role in China, a Manhattan townhouse is being listed at $28.888 million in hopes of attracting a Chinese buyer as the number 8 has long been considered the luckiest number in Chinese culture.
“We have already had inquiries,” said William Stafford, who with his colleague Ryan Serhant of Nest Seekers International, was recently hired as the listing agents for the Upper East Side townhouse on 64th Street between Park and Madison avenues. “Even numbers are very important to the Chinese and this has certainly grabbed attention,” added Stafford.
The 8,200-square-foot property has 12 bedrooms and was purchased in the 1990s by Yoram Koby, according to a Wall Street Journal report. The newspaper said the house has been on and off the market since 2005 when it was listed for $9.5 million. Koby has renovated the property, and occupies one of four apartments in the house that was built around 1904. He said he is selling because he wants to move to Florida, according to the Journal.
The house had been listed for $26 million. Stafford said the price was raised to $28.888 million because “we need some wiggle room in the negotiations.”
He said the Chinese have become very important participants in high-end residential real estate in New York City, particularly in Manhattan. “In 2015, 70 percent of all investments in Manhattan were made by the Chinese or buyers of Asian descent,” Stafford said.
He said he has worked with Chinese buyers: “They want south-facing buildings to get more sun. They also don’t want the property to be on a block that is close to a cemetery or church.”
This townhouse on East 64th Street in Manhattan is listed for $28.888 million in hopes of attracting a Chinese buyer.