Real Estate Developer Seals the Deal at 515 Park
cityfile · 01/12/10 08:59AM
• Last month we reported that Westchester real estate developer Louis Cappelli had gone into contract to sell his 13-room duplex at 515 Park Avenue. The Post reports today that the deal has closed. The 6,500-square-foot, six-bedroom spread, which Cappelli and wife Kylie Travis bought for $15 million in 2002 and listed last year for $29.5 million, was sold to Swedish lingerie manufacturer Eric Ryd for $24 million. [NYP]
• Art dealer Christophe Van de Weghe has sold his loft at 77 Mercer Street for $2.8 million, or $1.2 million more than what he paid for it back in 2004. [NYO]
• There's a new record for the most expensive residential sale in Sag Harbor. An eight-bedroom, 8,200-square-foot "Nantucket-style cottage" at 25 Shaw Road sold for approximately $14 million yesterday, although the identities of both the buyer and seller remain unknown. [NYM, Real Deal]