Big deals at the city’s most coveted addresses.
In the hot New York real estate market, France’s UN ambassador was able to sell his 18-room corner duplex at u?berposh 740 Park Avenue for $70 million, far above the $48 million asking price
It’s hard to remember a time when the real estate market was this hot, and it’s not just the foreign buyers pushing prices to the stratosphere. Yes, an Egyptian billionaire, Nassef Sawiris, paid a co-op record of $70 million for the late Edgar Bronfman’s penthouse at 960 Fifth Avenue. But then American billionaire hedge fund manager Israel “Izzy” Englander matched that price by buying the French government’s duplex co-op at u?berposh 740 Park Ave. for $70 million—far above its $48 million asking price, thanks to a three-way bidding war. He already owns the apartment above in the building and said that he wanted to have a crash pad for his kids.
Also for sale at 740 Park: the late childhood home of Jacqueline Kennedy Onassis. (Her grandfather, James T. Lee, was the building’s developer.) The sellers of the 12-room, 8,000-square-foot duplex are former SAC hedgie David Ganek and his novelist wife, Danielle. The asking price is $44 million. Built in 1929 by Rosario Candela, the 19-story limestone building has only 31 units and what many consider the toughest co-op board in town. This sweeping four-bedroom, six-bathroom home is situated on the building’s sixth and seventh floors. Among its many highlights: a marble entrance gallery, a chef’s kitchen, a master suite with two marble bathrooms, two dressing rooms, two offices, and a separate servants’ wing. Serena Boardman of Sotheby’s International Realty has the listing. 38 E. 61st St., 212-606-7611
The Puck Building, where hedge-fund exec David Ganek and his novelist wife, Danielle, recently downsized to a $28 million penthouse.
And where are the Ganeks heading? Downtown to a $28 million penthouse in the Puck Building. Sales here are handled by Douglas Elliman’s Raphael De Niro (774 Broadway, 212-350-8561), Dennis Mangone (575 Madison Ave., 212-418-2060), and Oren and Tal Alexander (485 Madison Ave., 212-350-8561).
While sprawling apartments in buildings like 740 Park offer maids’ rooms and staff wings, sometimes buyers decide to give the help a home of their own. It can end up as a good real estate investment. Take the case of ex-Citigroup honcho Sandy Weill. When he sold his trophy triplex at 15 Central Park West to Dmitry Rybolovlev, Russia’s “fertilizer king,” in 2011, for a staggering $88 million, it was the highest price anyone had ever paid for a New York City apartment. Weill recently sold his maid’s apartment at 15 CPW for $5.337 million, according to city property records. That will mean a tidy profit, since Weill bought the four-room apartment for $987,737 in October 2007
160 Central Park South, where ’90s rocker Liam Gallagher, of Oasis, has listed his renovated, two-bedroom bachelor pad.
While $5 million buys a maid’s quarters at 15 CPW, $4 million can buy you a ’90s rock star’s bachelor pad. Liam Gallagher, who was half of Oasis with his brother Noel, has just put his apartment at the Essex House, 160 Central Park South, on the market. The two-bedroom, two ½-bathroom, 1,575-square-foot condo is on the 17th-floor, was recently renovated, and comes with coffered ceilings, wide-plank herringbone floors, central air conditioning, and a chef’s kitchen with a 40-bottle wine cooler. The listing brokers are Douglas Elliman’s Oren and Tal Alexander.
photography by StaN hoNDa/aFp/getty ImageS (740 park aveNue); evaN JoSeph photography (160 CeNtral park South); aDrIaN gaut (puCk buIlDINg)