The estate of Kay Jeffords, the maverick owner of the star-chaser Lonesome Glory, just went to contract on Jeffords’ regal residence at 4 East 66th Street for close to the $15 million asking price, real-estate sources close to the property said. Cornelia Zagat Eland, with Stribling and Associates, who had the exclusive listing on the 16-room co-op, did not return calls for comment.
The Jeffords estate and the apartment both have a storied history. Ms. Jeffords passed away in July at age 80. The family’s horse, Lonesome Glory, won 24 of 44 starts and earned more than $1.3 million, according to Racing Post . In 1992, Lonesome Glory won a leg of the prestigious English race, the Sport of King’s Challenge, at Cheltenham under the jockey Blythe Miller, and became the only horse trained in the U.S. to win a race in Britain.
With their polished racing pedigree, the Jeffords family owned one of the finest co-ops on the Upper East Side. Microsoft co-founder Paul Allen, Sid and Mercedes Bass, Ace Greenberg and Veronica Hearst have all owned apartments in the building, which dates to 1946. The fourth-floor apartment was the former home of Bernard Baruch, the famed statesman and financier who accompanied President Woodrow Wilson to the Paris peace conference following World War I, and who also addressed the United Nations in June 1946 on the perils of the Cold War nuclear-arms race.
The six-bedroom apartment has six bathrooms, a 36-foot-long wood-paneled library, a formal dining room, five wood-burning fireplaces, two elevators and a hefty $12,213 monthly maintenance charge.
“There’s horse-racing memorabilia all around,” said one source close to the property. “There must be more than 500 trophies on display.”
The contract on the Jeffords estate at 4 East 66th Street is the latest transaction at the exclusive Upper East Side address, on the corner of Fifth Avenue and 66th Street. In January, the former home of British Consul General Sir Thomas Harris and his wife went to contract for close to its $14 million asking price (a steep discount from its original lofty offering at $22 million). The brisk sales may give another of the building’s high-profile tenants encouragement. The seventh floor apartment, belonging to Leonard and Wendy Goldberg, has been quietly shopped around since May 2001 with a whopping $25 million price tag. Mr. Goldberg, 70, a highly successful television and movie producer, has brought such Hollywood hits as Charlie’s Angels (2000) and Sleeping with the Enemy (1991) to the screen, as well as a string of popular television series, including Fantasy Island . The Goldbergs’ broker, Mara Gardner of Brown Harris Stevens, didn’t return calls for comment about the 7,000-square-foot spread.
Jeff Blau, president of the Related Companies, the real-estate development juggernaut that spawned the sprawling Time Warner Center at Columbus Circle, has expanded his own real-estate portfolio with a $7.625 million home in Bridgehampton. Township records show that Mr. Blau, 35, recently purchased a property at 313 Dune Road in Bridgehampton.
Mr. Blau declined to comment on his East End beachfront grab. Dana Trotter, with N.R.T.-controlled Sotheby’s International Realty, represented Mr. Blau on the deal and was unavailable for comment. Laura Nigro, of Prudential Douglas Elliman, represented the seller.
“The views are truly outstanding,” Ms. Nigro said, speaking of the five-bedroom home, which sits on one and a half acres with 225 feet of frontage abutting the ocean.
The clapboard house, built in 1987, includes such Hamptons niceties as a heated pool and an all-weather tennis court. And the neighbors won’t be able to build a monstrosity next-door: One side of the lot borders wild land owned by the Nature Conservancy. The two-story house offers a unique layout, with the bedrooms on the first floor and upstairs living rooms, which provide for open ocean views.
Before rising to the top of one of the country’s most prominent real-estate firms, Mr. Blau was a Wharton School M.B.A. Many of his classmates there would no doubt regard the seven-figure Bridgehampton purchase as a small-change transaction-and it is, compared to some of the deals that Mr. Blau has struck for Related. The Madison Avenue–based firm has a portfolio that includes more than $11 billion in real-estate assets across 47 states, including the $1.7 billion Time Warner Center, which opened on Feb. 5. Related chairman and chief executive Stephen Ross founded the company in 1972 and, most recently, made a high-flying purchase of his own-a penthouse at the Time Warner Center for a reported $40 million.
Recent Transactions in the Real Estate Market
Upper East Side
222 East 71st Street
Three-bedroom, two-bathroom co-op.
Asking: $929,000. Selling: $905,000.
Maintenance: $1,353; 50 percent tax-deductible.
Time on the market: one month.
AT LEAST YOU SAVE ON TIPS AT CHRISTMAS Buyers are sometimes willing to make certain trade-offs to gratify particular needs: in this case, a spacious duplex on a tree-lined block between Second and Third avenues. This prewar building, built in 1925, has classic details, but lacked a major Upper East Side staple-a doorman. “This happens to be a non-doorman building; in that neighborhood, the preference is to have a doorman,” said Pamela Huson of Douglas Elliman, who shared the exclusive listing along with fellow Elliman broker Amy Jones. A former ad executive and his wife had used the apartment as a pied-à-terre for years, but decided to retreat to their Shelter Island weekend home. “They didn’t need the Manhattan home anymore, and it was the right time to cash out,” Ms. Huson said. The buyer, a finance executive, and his wife, who worked at an Upper East Side private school, fell for the 1,200-square-foot spread and paid a record-high price for an apartment in the building. And while there’s no doorman to greet them, they will enjoy such luxurious touches as hardwood floors, a wood-burning fireplace with carved mantle, an upstairs office with a skylight and a 325-square-foot planted terrace.
328 West 17th Street
One-bedroom, one-bathroom co-op.
Asking: $340,000. Selling: $360,000.
Maintenance: $486, 48 percent tax-deductible.
Time on the market: two weeks.
THIS OLD HOUSE-SELLER After an exhaustive search through an endless parade of open houses, where prospective buyers smile politely while fiercely eyeing their competition, this director of accessories at Mexx had nearly given up on her apartment hunt. But when she finally toured this 700-square-foot Chelsea one-bedroom, the prolonged search paid off. “She had seen all the one-bedrooms in Chelsea, but she walked into this place and fell in love with it,” said the buyer’s broker, Sarah Orlinsky of Coldwell Banker Hunt Kennedy. The seller, a single gentleman, had lived in the apartment, which is between Eighth and Ninth avenues, for 30 years. “He was there before Chelsea was Chelsea ,” Ms. Orlinsky said. When the 150-year-old building went co-op 12 years ago, he purchased the ground-floor apartment and renovated the space, which has exposed brick and hardwood floors. He’s now moved upstate to start an antique business, but before leaving the land of smoothie-sipping gym regulars behind, he installed antique fixtures to the spread, adding to its charm. Tim Cass of Citi Habitats represented the seller.
75 Henry Street
Two-bedroom, two-and-a-half bathroom co-op.
Asking: $625,000. Selling: $600,000.
Maintenance: $1,256; 55 percent tax-deductible.
Time on the market: six weeks.
WHOLE KITCHEN KABOODLE Brooklyn Heights has for some time now not been what people mean when they describe saving money by buying in the boroughs: Restored townhouses in the neighborhood’s quaint, leafy streets routinely trade for north of seven figures. But this apartment development near the Brooklyn Bridge, built in 1968, had 18 triplex apartments among its 370 units that, though lacking in prewar charm, offer ample space and townhouse-style living. After living in this 1,400-square-foot co-op for 35 years, the sellers, a retired couple, relocated to New Jersey, and the buyers-a chef of two Zagat -rated restaurants in Manhattan and Brooklyn and his wife, a photographer-pounced on the open listing. The mid-30′s couple now plan a renovation. “The owners had been there for 35 years, so the place needs work,” said Susan Levy of the Corcoran Group, who had the exclusive listing. “They’re opening up the space and, since he’s a chef, they’re installing a wonderful kitchen.” When not behind the burners and chopping veggies, the chef and his wife can enjoy the apartment’s walk-in closets, hardwood floors and a Brooklyn bonus-a private backyard.