The limestone tower at 220 Central Park South, the most costly residential constructing in New York City, and arguably the world’s most worthwhile, has had its first resale.
A 3-bedroom aerie encompassing half the 55th ground closed on the full asking worth of $33 million, which was 23 p.c greater than the almost $26.eight million the unknown vendor had paid in late 2019. The purchaser was Igor Tulchinsky, who runs a hedge fund based mostly in Greenwich, Conn.
The deal — town’s greatest in the month of May — may function a bellwether for figuring out whether or not different residences in the almost sold-out condominium complicated will maintain their worth. Right now, there may be one other beforehand owned half-floor unit, on the 36th ground, below contract, based on StreetSimple, and one accessible for lease.
The metropolis’s largest co-op sale befell at 300 Central Park West, a.ok.a. the Eldorado.Credit…Todd Heisler/The New York Times
The month’s runner-up sale, at $18 million, and the biggest co-op transaction, was a duplex at 300 Central Park West, a.ok.a. the Eldorado, that was bought by Kenneth Lerer, a media govt who was a founding father of the HuffPost, and his spouse Katherine Sailer, an inside designer.
In different notable closings, Courtney S. Ross, a spouse of Steven J. Ross, who ran Time Warner, bought a penthouse in TriBeCa, whereas the property of Charlene Nederlander, who was married to James M. Nederlander, a Broadway producer and theater proprietor, bought her Fifth Avenue condominium. Steve Eisman, the financier who made a fortune betting towards subprime mortgages, and his spouse, Valerie Feigen, a contract author, bought their Park Avenue co-op.
Also, the composer Jeff Beal and his spouse, Joan Beal, purchased an Upper West Side townhouse. Ara Hovnanian, the house builder, and his spouse Rachel Lee Hovnanian, an artist, acquired a penthouse in SoHo.
The Central Park South condominium that bought for $33 million extends three,211 sq. ft and provides panoramic views of close by Central Park and the encircling cityscape. Its month-to-month carrying prices complete round $14,000.
In addition to the three bedrooms, there are three and a half bogs, a mixed dwelling and eating space with a hearth, a big eat-in kitchen, and a separate laundry room, based on the itemizing with NestSeekers International, which included a uncommon video tour of the area. There are herringbone oak flooring, marble finishes and 11-foot ceilings all through the house.
The NestSeekers agent Jessica C. Campbell represented the vendor, who used the restricted legal responsibility firm 220 March and had signed a contract for the unit again in 2015, whereas the constructing was nonetheless below building.
Ryan Serhant, who runs his personal brokerage agency, represented Mr. Tulchinsky, the customer. He mentioned his shopper noticed the condominium as “a great investment.”
A sponsor unit additionally closed in the constructing: A two-bedroom, two-and-a-half condominium on the 29th ground bought for nearly $16.1 million.
The complicated, close to Columbus Circle in Midtown Manhattan, was the most costly condominium in 2020, with a median worth per sq. foot of $7,039, based on CityRealty, and mixture closed gross sales surpassing $1 billion. In early 2019, the nation’s highest-priced single residence was bought there, with the almost $240 million buy of 4 full flooring by the hedge fund supervisor Kenneth C. Griffin.
The duplex on the Eldorado that bought for $18 million is on the 15th and 16th flooring of the co-op constructing, between 90th and 91st Streets going through Central Park. It options 4 bedrooms and 5 full and two half bogs, together with beautiful views of the Jacqueline Kennedy Onassis Reservoir from a 49-by-9-foot terrace on the higher stage.
The most important bed room suite, on the decrease stage, accommodates two marble bogs and an abundance of closet area. Each of the opposite bedrooms additionally has an en-suite rest room, and there’s a separate laundry room.
The residence had been on and off the market since final June with an asking worth of almost $20 million. The consumers had been recognized in property information as Richard Friesner and Aimee Telsey.
Mr. Lerer, the vendor, at present runs a enterprise capital fund. He was the chairman and one in every of 4 founders of the HuffPost information web site, which debuted in 2005. He additionally served as chairman of BuzzFeed and is a minority proprietor of the New York Mets.
A sprawling penthouse at 7 Hubert Street in TriBeCa was bought by Courtney Ross, a philanthropist and a spouse of Steven J. Ross, who ran Time Warner.Credit…Frances Roberts for The New York Times
Ms. Ross’s penthouse, at 7 Hubert Street, was bought by a belief for $15 million. The unit had been in the marketplace for as a lot as $18.5 million final August.
The four,262-square-foot condominium is configured with two bedrooms, together with an unlimited major suite with a toilet, dressing room and two walk-in closets. A double-sided gasoline hearth sits between the bed room and loo.
There can be a landscaped, wraparound terrace with views of town skyline and Hudson River.
Ms. Ross, a philanthropist, is the founding father of the Ross School, a personal day and boarding college in East Hampton, N.Y. She was married to Steven J. Ross, the founding father of Warner Communications, now often known as WarnerMedia, who died in 1992.
The purchaser used the restricted legal responsibility firm 712 Hubert.
Charlene Nederlander’s unit at 838 Fifth Avenue was bought by her property.Credit…Chang W. Lee/The New York Times
The property of Ms. Nederlander bought her 10th-floor condominium at 838 Fifth Avenue, at 65th Street throughout from Central Park, by an public sale for just below $11.three million. This was a large low cost from the $27.5 million asking worth when it was initially listed in 2019.
The full-floor residence extends four,522 sq. ft and has three bedrooms and three and a half bogs, in addition to a wood-paneled library, an ideal room with coffered ceilings, a laundry room and three fireplaces. Included in the sale was a one-bedroom, one-bath employees condominium on the primary ground and a storage room in the basement.
The buy was made by the Sherman Oaks, Calif., restricted legal responsibility firm Hillcrest Fifth.
Ms. Nederlander died almost two years in the past. Mr. Nederlander died in 2016; he was the chairman of the Nederlander Organization, an leisure firm that offered area concert events and theatrical reveals.
A duplex at 1120 Park Avenue, with 5 landscaped terraces, was bought for $11 million.Credit…Guy Calaf for The New York TimesThe sellers had been the financier Steve Eisman and his spouse, Valerie Feigen.Credit…Timothy A. Clary/Agence France-Presse — Getty Images
Mr. Eisman and Ms. Feigen acquired $11 million for his or her duplex at 1120 Park Avenue, at 90th Street — just under the newest $11.75 million asking worth, although a giant drop from the almost $15 million that they had sought final 12 months.
Still, they made a tidy revenue, having purchased the place in 2009, reportedly for $7.four million.
The sprawling co-op residence options 5 landscaped terraces, offering picturesque vistas of the Central Park reservoir, the East River and surrounding cityscape. There are 4 most important bedrooms, every with an en-suite rest room and walk-in closet or dressing room, plus a employees bed room and loo off the kitchen, a laundry room, and a house workplace.
The new homeowners had been listed as Andrew J. and Sarah Anne Washkowitz.
Mr. Eisman is at present a managing director and senior portfolio supervisor on the funding administration agency Neuberger Berman. He emerged as one of many few stars of the housing disaster by shorting, or betting towards, subprime mortgages. He was featured in the best-selling ebook concerning the 2007-08 monetary disaster, “The Big Short.”
Among the month’s different noteworthy purchases, the Beals paid $10.three million for a limestone townhouse on West 80th Street, close to Riverside Drive. The home — 5 tales excessive and 24 ft extensive — has round eight,000 sq. ft, with six bedrooms and 6 and a half baths, plus a planted rooftop terrace. The vendor was Jane Corbett Flusser.
Mr. Beal, a composer for movie and TV, has received 5 Emmy Awards, together with one for authentic dramatic music rating for Netflix’s “House of Cards.”
The Hovnanians paid $eight million for a penthouse duplex at 420 West Broadway. The three,593-square-foot co-op unit has two bedrooms, two full bogs and a powder room. But the primary attraction are the terraces: There’s one off the lounge and kitchen on the decrease stage; two off the first bed room suite, one in every of which has a scorching tub; and a spacious rooftop terrace. Earlier this 12 months, the couple bought their Greenwich Village townhouse for $15.9 million.
Mr. Hovnanian is the chief govt of Hovnanian Enterprises, a home-building firm based mostly in Matawan, N.J.
And simply earlier than the lengthy Memorial Day weekend: The British director Nicholas Stoller (“Forgetting Sarah Marshall”) and his spouse, Francesca Delbanco, a novelist and screenwriter (Netflix’s “Friends from College”), paid just below $7 million for an condominium at 30 Park Place in TriBeCa.
The federal authorities bought an condominium for $16.eight million at 15 West 63rd Street that it had seized from Riza Aziz, stepson of the previous Malaysian prime minister Najib Razak, and the producer of “The Wolf of Wall Street,” in trade for dismissing money-laundering costs.
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