Hedge Funder Sells at the Park Laurel
cityfile · 11/13/09 09:03AM
• Hedge funder Steve Stuart, who left Fortress Investment Group in 2007 to found his own firm, has finally found a buyer for his 35th floor apartment at the Park Laurel on West 63rd Street. The four-bedroom condo, which Stuart bought for $5.4 million in 2004 and put on the market for $10.8 million in October 2008, sold this week to an unidentified buyer for $7.4 million. [Cityfile, Corcoran]
• Prolific real estate investor Michael Hirtenstein is the mystery buyer who has agreed to purchase financier Armon Bar-Tur's townhouse at 92 Charles Street. Hirtenstein picked up the four-bedroom home, which was most recently listed for $14.95 million, for "about $13.5 million." [NYP]
• Longtime Dakota residents Connie Chung and Maury Povich are preparing to leave New York. The couple has gone into contract to buy a 12,500-square-foot home in Washington, DC for $8.98 million, although Chung says they're not planning on moving into the new home until 2010 or 2011. [WSJ]