The limestone tower at 220 Central Park South, the most expensive residential building in New York City and arguably the most profitable in the world, has seen its first resale.
A three-bedroom after-school care center that spanned half of the 55th floor closed at the full price of $ 33 million, up 23 percent from the nearly $ 26.8 million the unknown seller paid in late 2019 would have. The buyer was Igor Tulchinsky, who operates a hedge fund based in Greenwich, Connecticut.
The deal – the city's largest in May – could serve as a guideline to see if other apartments in the near-sold-out condominium will retain their value. Currently, according to StreetEasy, another apartment on the 36th floor is owned by half a floor, which StreetEasy says is under contract, and one is available for rent.
The runner-up of the month for $ 18 million and the largest collaborative deal was a maisonette at 300 Central Park West, also known as Eldorado, that was sold by Kenneth Lerer, a media manager and founder of HuffPost. and his wife, Katherine Sailer, an interior designer.
In other notable closings, Courtney S. Ross, wife of Steven J. Ross, who ran Time Warner, sold a penthouse in TriBeCa while the estate of Charlene Nederlander, who was married to James M. Nederlander, a Broadway producer and theater owned and sold her apartment on Fifth Avenue. Steve Eisman, the financier who made a fortune betting against subprime mortgages, and his wife Valerie Feigen, a freelance writer, sold their Park Avenue cooperative.
In addition, the composer Jeff Beal and his wife Joan Beal bought a town house on the Upper West Side. Ara Hovnanian, the house builder, and his wife Rachel Lee Hovnanian, an artist, have bought a penthouse in SoHo.
Central Park South Apartment, which sold for $ 33 million, covers 3,211 square feet and offers panoramic views of nearby Central Park and the surrounding cityscape. Monthly transportation costs are around $ 14,000.
In addition to the three bedrooms, according to the listing on NestSeekers International, there are three and a half bathrooms, a combined living and dining area with a fireplace, a large eat-in kitchen and a separate laundry room, including a rare video tour of the room. There are herringbone oak floors, marble countertops, and 3.1 meter high ceilings throughout.
NestSeekers agent Jessica C. Campbell represented the seller, who used the GmbH 220 March and had signed a contract for the unit back in 2015 while the building was still under construction.
Ryan Serhant, who runs his own brokerage firm, represented Mr. Tulchinsky, the buyer. He said his client sees the apartment as "a great investment".
A sponsorship unit also closed in the building: a two-room, two-and-a-half apartment on the 29th floor was sold for just under $ 16.1 million.
The complex near Columbus Circle in Midtown Manhattan was the most expensive condominium in 2020, according to CityRealty, with an average price per square foot of $ 7,039 and total sales of over $ 1 billion. The most expensive single-family home in the country was sold there in early 2019, with hedge fund manager Kenneth C. Griffin buying four full floors for nearly $ 240 million.
The maisonette in the Eldorado that sold for $ 18 million is on the 15th and 16th floors of the Co-op building between 90th and 91st Streets overlooking Central Park. It has four bedrooms and five full and two half baths and breathtaking views of the Jacqueline Kennedy Onassis Reservoir from a 49 x 9 foot deck on the upper level.
The master bedroom suite on the lower level contains two marble bathrooms and plenty of storage space. Each of the other bedrooms also has its own bathroom and there is a separate laundry room.
The home had been on the market since last June and sold for an asking price of nearly $ 20 million. The buyers were identified on property records as Richard Friesner and Aimee Telsey.
The seller, Mr. Lerer, currently operates a venture capital fund. He was the chairman and one of four founders of the HuffPost news site, which debuted in 2005. He was also the chairman of BuzzFeed and is a minority owner of the New York Mets.
Penthouse by Mrs. Ross, at 7 Hubert Street, was sold through a trust for $ 15 million. The device was on the market last August for up to $ 18.5 million.
The 4,262 square meter apartment has two bedrooms, including a huge master suite with a bathroom, dressing room and two walk-in closets. There is a double-sided gas fireplace between the bedroom and bathroom.
There is also a landscaped wraparound deck with views of the city skyline and the Hudson River.
Ms. Ross, a philanthropist, is the founder of Ross School, a private day and boarding school in East Hampton, NY. She was married to Steven J. Ross, the founder of Warner Communications, now known as WarnerMedia, who died in 1992.
The buyer used the limited liability company 712 Hubert.
Mrs Nederlander's estate sold her 10th-floor apartment at 838 Fifth Avenue on 65th Street across from Central Park for just under $ 11.3 million. This was a sizable discount from the $ 27.5 million offering price when it first listed in 2019.
Spanning an entire floor, the residence is 4,522 square feet and has three bedrooms and three and a half bathrooms, plus a wood-paneled library, a large room with coffered ceilings, a laundry room, and three fireplaces. The sale included a staff apartment with one bedroom and one bathroom on the first floor and a storage room in the basement.
The purchase was made through Hillcrest Fifth, Sherman Oaks, California, Limited Liability Company.
Ms. Nederlander died almost two years ago. Mr Nederlander died in 2016; he was chairman of the Nederlander Organization, an entertainment company that presented arena concerts and theater performances.
Mr. Eisman and Mrs. Feigen Received $ 11 million for their duplex at 1120 Park Avenue on 90th Street – just below the last price of $ 11.75 million, though a big decrease from the nearly $ 15 million they last Year had been aiming for.
Even so, they made a decent profit after buying the store for $ 7.4 million in 2009.
The sprawling shared apartment building has five landscaped terraces that offer scenic views of Central Park Reservoir, the East River, and the surrounding cityscape. There are four master bedrooms, each with its own bathroom and walk-in closet or dressing room, as well as a staff bedroom and bathroom off the kitchen, a laundry room and a study.
The new owners were listed as Andrew J. and Sarah Anne Washkowitz.
Mr. Eisman is currently Managing Director and Senior Portfolio Manager at the investment company Neuberger Berman. He became one of the few stars of the real estate crisis by short selling or betting against subprime mortgages. It was featured in the bestselling book about the 2007-08 financial crisis, "The Big Short".
Among the other notable purchases of the month, the Beals paid $ 10.3 million for a limestone townhouse on West 80th Street near Riverside Drive. The house – five stories high and 24 feet wide – is roughly 8,000 square feet, with six bedrooms, six and a half baths, and a planted roof terrace. Jane Corbett Flusser was the seller.
Mr. Beal, a film and television composer, has won five Emmy Awards, including one for the original dramatic music for Netflix's House of Cards.
The Hovnanians paid $ 8 million for a penthouse duplex on 420 West Broadway. The 3,593 square meter cooperative unit has two bedrooms, two bathrooms and a guest toilet. But the main attraction are the terraces: one of them is in the lower area of the living room and the kitchen; two from the master bedroom suite, one of which has a hot tub; and a spacious roof terrace. Earlier this year, the couple sold their Greenwich Village townhouse for $ 15.9 million.
Mr. Hovnanian is the managing director of Hovnanian Enterprises, a home construction company based in Matawan, N.J.
And just before the long Memorial Day weekend: British director Nicholas Stoller ("Forgetting Sarah Marshall") and his wife Francesca Delbanco, a novelist and screenwriter (Netflix ’" Friends from College "), paid just under $ 7 million for an apartment at 30 Park Place in TriBeCa.
The federal government sold an apartment at 15 West 63rd Street for $ 16.8 million in exchange for Riza Aziz, stepson of former Malaysian Prime Minister Najib Razak and producer of The Wolf of Wall Street Had confiscated discharge of funds. Money laundering fees.
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