The limestone tower at 220 Central Park South, New York’s most expensive residential building and arguably the most profitable in the world, has had its first resale.
A three bedroom area encompassing half of the 55th floor closed at the full asking price of $ 33 million, which is 23% more than the nearly $ 26.8 million the unknown seller paid in late 2019. The buyer was Igor Tulchinsky, who runs a hedge fund based in Greenwich, Connecticut.
The deal – the city’s largest in May – could serve as a pointer to whether the remaining apartments in the near-depleted condominium complex will retain their value. Currently, there is another previously owned half-story unit, on the 36th floor, under contract, according to StreetEasy, and one available for rent.
The second sale of the month, at $ 18 million, and the largest cooperative transaction, was a duplex at 300 Central Park West, aka Eldorado, which was sold by Kenneth Lerer, a founding media executive of HuffPost, and his wife Katherine Sailer, an interior designer.
In other notable closings, Courtney S. Ross, a wife of Steven J. Ross, who ran Time Warner, sold a penthouse to TriBeCa, while the estate of Charlene Nederlander, who was married to James M. Nederlander, a producer and owner Broadway theater, sold his Fifth Avenue apartment. Steve Eisman, the financier who made his fortune betting against subprime mortgages, and his wife, Valerie Feigen, a freelance writer, have sold their Park Avenue co-op.
Additionally, composer Jeff Beal and his wife, Joan Beal, have purchased a townhouse on the Upper West Side. Ara Hovnanian, the homebuilder, and his wife Rachel Lee Hovnanian, an artist, have purchased a penthouse in SoHo.
South central park The apartment sold for $ 33 million spans 3,211 square feet and offers panoramic views of Central Park and the surrounding cityscape. Her monthly shipping costs are around $ 14,000.
In addition to the three bedrooms, there are three and a half bathrooms, a combined living and dining room with a fireplace, a large dining kitchen and a separate utility room, depending on the SEO with NestSeekers International, which included a rare video tour of the space. There are herringbone oak floors, marble finishes, and 11 foot ceilings throughout the house.
NestSeekers agent Jessica C. Campbell represented the seller, who used the 220 March limited liability company and signed a contract for the unit 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 considered the apartment “a great investment”.
A sponsorship unit has also closed in the building: A two bedroom, two and a half apartment on the 29th floor sold near $ 16.1 million.
The complex, near Columbus Circle in Midtown Manhattan, was the most expensive condominium in 2020, with an average price per square foot of $ 7,039, according to CityRealty, and total closed sales exceeding $ 1 billion. In early 2019, the most expensive single-family home in the country was sold there, with the purchase of nearly $ 240 million of four complete floors by hedge fund manager Kenneth C. Griffin.
The duplex at El Dorado which sold for $ 18 million is on the 15th and 16th floors of the co-op building, between 90th and 91st streets facing Central Park. It includes four bedrooms and five full bathrooms and two bathrooms, as well as a breathtaking view of the Jacqueline Kennedy Onassis reservoir from a 49ft by 9ft terrace on the upper level.
The master suite, on the lower level, contains two marble bathrooms and an abundance of closet space. Each of the other bedrooms also has a private bathroom and a separate laundry room.
The house had been on and off the market since last June with an asking price of almost $ 20 million. The buyers have been identified in the property records as Richard Friesner and Aimee Telsey.
Mr. Lerer, the seller, currently operates a venture capital fund. He was president and one of the four founders of news site HuffPost, which debuted in 2005. He also served as president of BuzzFeed and is a minority owner of the New York Mets.
Mrs. Ross’s penthouse, at 7, rue Hubert, was sold in trust for $ 15 million. The unit had been on the market for no less than $ 18.5 million last August.
The 4,262 square foot apartment is configured with two bedrooms, including a huge master suite with a bathroom, a walk-in closet and two walk-in closets. A double-sided gas fireplace is located between the bedroom and the 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 The Ross School, a private day school 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 SARL 712 Hubert.
The single storey residence covers 4,522 square feet and has three bedrooms and three and a half bathrooms, as well as a wood-paneled library, a large coffered room, a laundry room and three fireplaces. The sale included a one bedroom and one bathroom staff apartment on the first floor and a storage room in the basement.
The purchase was made through Hillcrest Fifth Limited Liability Company of Sherman Oaks, California.
Ms. Nederlander deceased almost two years ago. Mr. Nederlander died in 2016; he was president of the Nederlander Organization, an entertainment company that presented concerts in arenas and theatrical performances.
Mr. Eisman and Mrs. Feigen received $ 11 million for their duplex at 1120 Park Avenue at 90th Street – just below the most recent asking price of $ 11.75 million, although a steep drop from the nearly $ 15 million they had asked for Last year.
Still, they made a nice profit, having bought the place in 2009, for $ 7.4 million, it seems.
The expansive co-op home features five landscaped decks, offering picturesque views of the Central Park Reservoir, the East River, and the surrounding cityscape. There are four main bedrooms, each with an en-suite bathroom and a walk-in closet or walk-in closet, plus a bedroom and staff bathroom next to the kitchen, utility room and home office.
The new owners were listed as Andrew J. and Sarah Anne Washkowitz.
Mr. Eisman is currently Managing Director and Senior Portfolio Manager of the investment management firm Neuberger Berman. He became one of the few stars of the housing crisis by selling short or betting against subprime mortgages. He was featured in the bestselling 2007-08 financial crisis book “The Big Short”.
Among the other major 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 approximately 8,000 square feet, with six bedrooms and six and a half bathrooms, as well as a planted roof terrace. The seller was Jane Corbett Flusser.
Mr. Beal, composer for film and television, has won five Emmy Awards, including one for the original score of the dramatic music for Netflix’s âHouse of Cardsâ.
Hovnanians have paid $ 8 million for a duplex penthouse at 420 West Broadway. The 3,593 square foot co-op unit has two bedrooms, two full bathrooms and a powder room. But the main attraction are the terraces: there is one next to the living room and the kitchen on the lower level; two from the master bedroom, one with a whirlpool; 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 house building company based in Matawan, NJ
And right before the Memorial Day long weekend: British director Nicholas Stoller (“Forget Sarah Marshall”) and his wife, Francesca Delbanco, novelist and screenwriter (Netflix’s “Friends of College”) paid just under $ 7 million for an apartment at 30 Park Place in TriBeCa.
The federal government sold an apartment for $ 16.8 million at 15 West 63rd Street that it had confiscated from Riza Aziz, stepson of former Malaysian Prime Minister Najib Razak, and producer of “The Wolf of Wall Street “, in exchange for a referral of money. laundering charges.
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