March 30th 2014
The New York Times
A seven-room condominium at 15 Central Park West, the limestone fortress renowned for its sybaritic amenities, prewar grace notes and boldface clientele, sold for $24 million and was the most expensive sale of the week, according to city records.
The three-bedroom, three-and-a-half-bath unit, No. 27C, spent barely a month on the market at $25 million; the monthly carrying costs are $7,666.
Its 2,761 square feet of space offer park views from the library and the living and dining rooms, along with 11-foot ceilings, marble baths and a 16-by-18-foot master suite tucked in the back. Bought as an investment, the apartment previously earned its keep as a $38,000-a-month rental.
The seller, represented by Susan Barkin of Barkin & Associates, used a limited-liability company, P & N Holdings 27C. Richard J. Steinberg and Matthew W. Slosar of Warburg Realty negotiated for the buyer, the philanthropist Deborah J. Simon, whose family company is the Simon Property Group. Already an owner in the building, she traded up for this residence with glamorous park vistas, after putting her two-bedroom, two-and-a-half-bath apartment, No. 12L, on the market for $9.9 million. That 1,920-square-foot unit, with open city views, is in contract.
15 Central Park West
The week’s runners-up were on Park Avenue, one a new condo, the other a co-op in a classic James E.R. Carpenter and Mott B. Schmidt building.
A 3,845-square-foot sponsor unit at 737 Park Avenue, a 1940 Art Deco building at East 71st Street repurposed as condominiums, sold for $17,361,309.37. The four-bedroom, five-and-a-half-bath residence, No. 16E, has a Varenna kitchen with a marble floor, countertops and backsplash; a terrace; and heated marble floors in the bathrooms. The monthly carrying costs are $7,583. Jarrett White, a sales director at Macklowe Properties, handled the transaction for the sponsors; the buyers, Stephen and Samantha Finkelstein, did not use a broker.
Three blocks south at 655 Park Avenue, No. 6/7F, an ornate 12-room duplex with 24-carat gold-leaf moldings, sold for $16 million; configured in 1924 by a Rockefeller relative, the residence has five bedrooms, four full baths and two powder rooms. The monthly maintenance is $10,950. The seller, Karen Karp, was represented by Kirk Henckels of Stribling & Associates and Howard Margolis and Pat Slochower of Douglas Elliman. Arlene Reed of Warburg was the broker for the buyer, Lacey Tisch.