Report: Dakota Apartments Are Becoming Harder to Sell The Historic Co-op Building Faces Competition With New Condo Developments

The Dakota (by Elisa Rolle, via Wikimedia Commons)

Apparently the reputation of the legendary Dakota isn't even enough to attract buyers these days.

According to the New York Post, two apartments at the Upper West Side pre-war co-op building belonging to singer Roberta Flack and the late socialite Jacqueline Bikoff respectively were finally sold to an unidentified buyer. Both units had been on the market for a long time and undergone significant price reductions.

In Flack's case, her unit went from an original asking price of $9.5 million down to $6.99 million, while Bikoff's apartment had been discounted from $16.75 million to $10 million. If the deal closes for both residences, it would mark the first sale at the Dakota since 2016, said the Post citing CityRealty.

Still, other available apartments at the Dakota have languished on the market that resulted in price reductions before they were either entered into contract or taken off sale.

For instance, a four-bedroom apartment is available $13.99 million, after it was reduced for the third time from the original asking price of $17.5 million in 2015.

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