buyers-sellers

Bronfman Sells Amagansett Manse at a Loss

cityfile · 11/11/08 08:01AM

Edgar Bronfman Jr. has closed on the sale of his 8,000-square-foot home in Amagansett, which he originally purchased for $12.5 million in 2005 and listed for $15.8 million in 2006. The final sale price was just $12.67 million, which means after adjusting for taxes and inflation, Bronfman actually took a $1 million loss on the property. Photos of the home are here. [Page Six]
Albert Hammond Jr. has reportedly gone into contract to sell his 1,200-square-foot co-op at 141 East 3rd Street, which he picked up for $770,000 in 2005 and put on the market for $1.199 million back in August. [NYM]
♦ Lisa Kerkorian, a former tennis pro and the ex-wife of billionaire Kirk Kerkorian, has lowered the price of her Bridgehampton home. After more than a year on the market, it's been reduced from $12.7 million down to $7.995 million. [Newsday]

Hedge Funders Sell, Rosie O'Donnell Closes

cityfile · 11/10/08 08:44AM

♦ Hedge funder James Torrey and his wife Podie Lynch have put their duplex at 131 East 66th on the market for $14.5 million. The Obama fundraiser (and father of New York PR queen Serena Torrey) says the couple is now planning to downsize to a smaller apartment. [NYT, Corcoran]
♦ Exis Capital founder Adam Sender has listed his three units at 15 Broad Street for $10.995 million, after picking them up for a total of $8 million in June 2007. [NYT, PDE]
♦ More than a year after going into contract on a condo at 247 West 46th Street, Rosie O'Donnell has closed on the two-bedroom apartment for $1.97 million. [Real Deal]
♦ German film director Werner Herzog paid $630,000 for a one-bedroom pied-à-terre at 7 East 14th Street. [Real Deal]

Another Price Cut at Palazzo Chupi

cityfile · 11/07/08 08:28AM

♦ Now that Julian Schnabel has reduced the price of his penthouse triplex at Palazzo Chupi, it only makes sense that the price of the two-floor duplex right below has been cut as well. Once on the market for as much as $32 million, it can now be yours for the bargain basement price of $23 million. [Curbed, Corcoran]
♦ Golfer Greg Norman's ex-wife Laura Andrassy collected $103 million in a divorce settlement earlier this year. Now it looks like she's spending some of it. Andrassy is reportedly paying $7.55 million for a 0.92-acre property in Southampton where she plans to tear down the 3,500-square-foot home to make room for a bigger one. [WSJ]
♦ Steven Gidumal, co-chief investment officer at Resurgence Asset Management, has paid $4.1 million for a three-bedroom condo at 1 River Terrace in Battery Park City. [Cityfile]

Erin Callan Buys, Tommy Hilfiger Rents

cityfile · 11/06/08 08:50AM

♦ Former Lehman CFO Erin Callan has gone into contract on an apartment at 40 East 66th Street, one month after cashing out at 15 CPW. The Credit Suisse exec is reportedly paying between $7.5 and $8 million for the three-bedroom condo. [NYP]
Tommy Hilfiger has found a new apartment to rent. (His Plaza apartment remains on the market for $50 million.) The fashion mogul is reportedly paying $50,000 a month for a five-bedroom spread at 807 Park Avenue, inside the converted townhouse that was owned by Diddy until 2004. [NYP]
♦ A week ago, we reported Bella Sapir had closed on a new penthouse at 250 East 53rd Street for $8.895 million. Now the Post reports she's already trying to flip the place for a profit. She's relisted the 4,500-square-foot spread for $13.5 million with Corcoran's Angela Rapoport. [NYP, Corcoran]

15 CPW's $75 Million Listing

cityfile · 11/05/08 08:09AM

♦ Pharma mogul Richard Ullman is reportedly the man behind the new $75 million listing at 15 CPW. Ullman paid just $23.5 million for the 18th-floor duplex penthouse back when he bought it in March. [NYO]
♦ Jewelry exec Leonard Littman and his wife Barbara have sold their 44th-floor apartment at the Museum Tower on West 53rd Street for $5.5 million. The couple originally listed the two-bedroom condo for $6.45 million back in July. [Cityfile]
♦ UBS exec Ramesh Singh is having a hard time unloading the two Park Avenue apartments he has on the market. His co-op at 860 Park was first listed for $13.4 million; it's now down to $9.5 million. Meanwhile, his 15-room duplex at 823 Park, which was originally listed $24.75 million, is now $19.95 million, less than what he paid for it four months ago. [NYO, Corcoran, BHS]

Bella Sapir Buys on East 53rd

cityfile · 11/04/08 09:01AM

♦ Bella Sapir, the ex-wife of billionaire Tamir Sapir (pictured with the couple's son, Alex), paid $8.895 million for a penthouse apartment at the Veneto at 250 East 53rd Street. [Cityfile]
♦ Andrew Madoff, managing director of Madoff Investment Securities, paid $4.38 million for a five-bedroom spread at 433 East 74th Street. [Cityfile]
♦ Rumi Contractor, a senior exec at HSBC, picked up a two-bedroom pied-à-terre at 14 East 33rd Street for $1.67 million. [Cityfile]

Brady Gives Up on Time Warner Condo

cityfile · 11/03/08 08:36AM

♦ Tom Brady has taken his condo at the Time Warner Center off the market for the second time this year, reportedly because his tenant, a new mom, "refuses to let brokers inside." The 65th-floor unit was most recently listed at $17.75 million. [P6]
♦ The price of Brooke Astor's duplex at 778 Park Avenue was cut down a bit more than originally anticipated a week ago. It now can be yours for $34 million. [NYT, Corcoran]
♦ Prisma Capital founder Girish Reddy paid $8.35 million for a ninth-floor spread at 101 Central Park West, where his new neighbors will include Robert A.M. Stern and financier Peter Briger. [Cityfile]
♦ Social staple Carol McFadden, whose husband George was killed in a plane crash earlier this year, has put her penthouse apartment at the Metropolitan building up for sale. It's on the market for $8.9 million. [NYT, BHS]

Mystery Solved: $60 Million Gin Lane Buyer Revealed

cityfile · 10/31/08 07:59AM

♦ Hedge fund manager Chris Shumway is the mystery buyer behind 104 Gin Lane—the mammoth-sized Southampton mansion that sold for $60 million last March—not Tiger Woods, as was previously reported. Chumway can afford it: He was reported to have made $400 million last year. A larger photo of the home is after the jump. [Newsday]
♦ The owners of a four-bedroom apartment at the Dakota have lowered the price of the spread by 19 percent after four months on the market. The sixth-floor residence, which is owned by an unknown "Wall Street executive," is now available for the bargain price of $19.5 million. [WSJ, Curbed, Brown Harris Stevens]
♦ Diandra De Morrell Douglas, the ex-wife of Michael Douglas, has gone into contract to sell her East 71st Street townhouse for $9.25 million, or $3.3 million more than what she paid for it three years ago. [WSJ]

A-Rod Gets Desperate

cityfile · 10/30/08 07:46AM

Alex Rodriguez has already lowered the price of his Trump Park Avenue condo by $1.5 million, just a month after first putting it on the market. It's now listed for $12.5 million, although A-Rod is also willing to rent it out instead, assuming there's anyone willing to pay $50,000 a month for an unfurnished apartment. [NYP, Modlin Group]
♦ Divorce attorney Zoltan Hankovszky has sold his townhouse at 88 Remsen Street in Brooklyn Heights for $10.8 million. That makes it the most expensive sale ever recorded in the neighborhood. [Brownstoner]
♦ The West 9th Street townhouse once occupied by Elizabeth Jagger—she rented one of the five apartments in the building until recently—is now on the market for $7.95 million. [NYP, Corcoran]

Price Cut at 895 Park

cityfile · 10/29/08 07:52AM

♦ Late fashion mogul (and Showgirls producer) Charles Evans' triplex apartment at 895 Park, which had already been cut from $29.5 million to $25 million in May, has been lowered once again. It's now $20 million. [NYO, Stribling]
♦ Morgan Stanley managing director Guy Metcalfe has paid $9.35 million for a five-bedroom, second-floor apartment at 15 Central Park West. [Real Deal]
♦ TV legend Dick Cavett sold 77 acres of waterfront property in Montauk to the Town of East Hampton, Suffolk County and New York State for $18 mil. The land will be used as part of a wetland conservation site. [Hamptons.com]

Private Equity Exec Gets a Discount at 941 Park

cityfile · 10/28/08 02:02PM

It looks like private equity exec Leigh Abramson is holding up just fine amid the global financial crisis. The former Morgan Stanley Capital Partners honcho and managing director of Metalmark Capital picked up a duplex at 941 Park Avenue for $12.5 million, $2 million less than what the apartment was originally listed for back in April. (Abramson's timing also worked out in his favor: Metalmark was acquired by Citigroup in late 2007, back when the bank was still overpaying for acquisitions.) According to the listing, the five-bedroom apartment was the longtime home of the late pianist Arthur Rubinstein; now Abramson will get to chat about the unraveling economy with fellow resident Stan O'Neal, the disgraced former CEO of Merrill Lynch. Click through for a few photos and a floorplan of the spread.

Mitchell Modell's Bridgehampton Buy

cityfile · 10/28/08 07:25AM

♦ It looks like Modell's Sporting Goods CEO Mitchell Modell has picked up a bargain on the East End. He paid $6.95 million for a seven-bedroom spread in Bridgehampton, which is $1.545 million less than the home's original asking price. [Newsday]
♦ French author, columnist, and pundit Guy Sorman and his wife Marie-Dominique have paid $5.1 million for three-bedroom a penthouse apartment in the Metropolitan on East 90th Street. [Cityfile]
♦ Fashion designer Adrienne Vittadini has lowered the price of her five-bedroom home in Water Mill: After lingering on the market for a year, it's now down to $6.495 million from the original asking price of $7.6 million. [Newsday, Sotheby's]

LVMH, Goldman Execs Buy Uptown

cityfile · 10/27/08 07:31AM

♦ Philippe Pascal, the head of LVMH's watch and jewelry division (left), has paid $4.3 million for a two-bedroom apartment on the 14th floor of 955 Fifth. [Cityfile]
♦ Goldman Sachs managing director Lester Brafman paid $3.5 million for a three-bedroom apartment at 1165 Park Avenue. Presumably he'll combine it with the adjacent unit that he already owns. [Cityfile]
♦ Hedge funder Scott Bessent has listed his duplex at One Sutton Place South for $12.5 million, just $500,000 more than he paid for it 15 months ago. [NYT, Brown Harris Stevens]
Alex Rodriguez's 8,310-square-foot mansion in Coral Gables, Florida, is on the market for $14.876 million. [Access H'wood, Coldwell Banker]

Price Cut: Brooke Astor's Park Ave Duplex

cityfile · 10/24/08 03:26PM

Grim news for all those who were hoping that the upper-end of the Manhattan real estate market would prove immune to global financial crisis: Brooke Astor's former duplex at 778 Park Avenue is now on the market for $35 million, down from its previous asking price of $46 million, according to WWD. Corcoran broker Leighton Candler hasn't confirmed the reduction, nor has the official listing been updated to reflect the new price. In the meantime, you can look over a few photos of the newly-discounted spread after the jump. [WWD via NYO]

Hilary Swank In Contract at Superior Ink

cityfile · 10/24/08 08:32AM

♦ Hilary Swank is reportedly in contract to buy a two-bedroom condo at the Superior Ink building in the West Village for $3.5 million. [WSJ]
♦ Kenneth Siskind, a managing director at Allen & Co., paid $3.15 million for a 12th-floor, three-bedroom apartment at 322 Central Park West. [Cityfile]
♦ Christopher Sinclair, the CEO of Cambridge Solutions in Greenwich, has picked up a four-bedroom vacation home in Palm Beach for $9.68 million. [Palm Beach Daily via TRD]
♦ Real estate investor Adam Gordon has listed his recently-renovated six-floor mansion at 54 Bond Street (which includes retail space on the first floor) for $36 million, just one year after buying the property for $15 million. [Curbed, Corcoran]

A Sale at 15 CPW, A Price Cut at the Plaza

cityfile · 10/23/08 07:40AM

♦ Real estate exec Chuck Berman and his wife Melanie paid $6.7 million for a three-bedroom apartment at 15 Central Park West. [Cityfile]
♦ Oscar Schafer, the managing partner of OSS Capital, has lowered the price of his 17th-floor apartment at the Plaza for the second time since June. It's now $14.5 million (down from $18 million), which means he'll be taking a loss on the property if he sells it, since he purchased it for $14.94 million back in May. [NYP]
Rupert Murdoch and Wendi Deng have taken their 11-bedroom Centre Island home off the market. It recently had an asking price of $12.8 mil. [Newsday]

Most Expensive Apartment Sale Ever?

cityfile · 10/22/08 11:02AM

Real estate prices may be headed south, but that isn't stopping Courtney Sale Ross, the widow of late media mogul Steve Ross, from putting one of the most expensive apartments in Manhattan on the market. Max Abelson of the Observer reports that Edward Lee Cave is now "quietly taking offers" on Ross' 32-room duplex at 740 Park Avenue. The price? Over $60 million. [NYO]

Hugh Jackman In Contract at 176 Perry

cityfile · 10/22/08 07:18AM

♦ Hugh Jackman has reportedly gone into contract on a triplex apartment at 176 Perry Street for more than $25 million. The 11,032-square-foot spread, which was originally listed for $40 million and later dropped to $33 million in April, is owned by Sun Microsystems co-founder Bill Joy. [NYO]
♦ Tech exec/art collector Roy Judelson and his wife Mary paid $10.5 mil. for a four-bedroom spread at 33 East 70th Street. Their new neighbors will include Joan Didion and Marina Rust Connor. [Cityfile]
♦ Now that he's settling in at 15 CPW, Dan Loeb has put his carriage house at 7 MacDougal Alley on the market for $7 million. The 4,000-square-foot home features a roof deck, media room, and wine cellar. [Curbed]

Mariska Sells in the Flatiron, Banker Sells in Soho

cityfile · 10/21/08 08:12AM

♦ Mariska Hargitay has sold her Flatiron penthouse for $8.15 million. The buyers are real estate investors Ewa and Maurice Laboz. [NYO]
♦ Bank of America exec Ciaran O'Kelly, who paid $17 million for a 12,800-square-foot converted warehouse in the West Village this past July, has sold his previous apartment. The co-head of global equities for BoA unloaded the pad at 102 Wooster Street for $5.375 million. [Cityfile]