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	<title>Observer &#187; $45 M. Deal at 834?</title>
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		<title>Observer &#187; $45 M. Deal at 834?</title>
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		<title>$45 M. Deal at 834?</title>

		<comments>http://observer.com/2007/01/45-m-deal-at-834/#comments</comments>
		<pubDate>Mon, 15 Jan 2007 00:00:00 -0400</pubDate>
					<link>http://observer.com/2007/01/45-m-deal-at-834/</link>
			<dc:creator>Max Abelson</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/011507_article_transfers.jpg?w=200&h=300" />Watch out, Rupert Murdoch! If philanthropist Loida Lewis gets what she&rsquo;s asking for her ninth- and 10th-floor duplex at 834 Fifth Avenue, Mr. Murdoch&rsquo;s record-breaking purchase (right upstairs in the same building!) will be relegated to the celestial dustbin of Manhattan real estate.</p>
<p>Ms. Lewis, widow of the late billionaire C.E.O. of Beatrice Foods, wants $45 million for her 15-room apartment, with a master bedroom and 640-square-foot living room overlooking Central Park; that&rsquo;s a million more than Mr. Murdoch paid in 2005 for the triplex penthouse upstairs.</p>
<p>If the asking price is only just inches above the Murdoch deal, consider that this apartment is one floor shorter and four floors lower than Mr. Murdoch&rsquo;s 2005 purchase.</p>
<p>Considering how ambitious that sounds, could the duplex break Mr. Murdoch&rsquo;s co-op record?</p>
<p>&ldquo;Sure,&rdquo; said Jonathan Miller, president of the real-estate appraisal firm Miller Samuel. &ldquo;It&rsquo;s not out in left field.&rdquo;</p>
<p>That&rsquo;s because listings are rare at 834 Fifth, one of the first three super-luxury buildings designed by super-luxurious Rosario Candela.</p>
<p>Ms. Lewis&rsquo; apartment has seven and a half bathrooms, four wood-burning fireplaces, a &ldquo;restaurant kitchen&rdquo; and &ldquo;breakfast room&rdquo; and even a one-bedroom &ldquo;mezzanine&rdquo; apartment between the ninth and 10th floors.</p>
<p>Exclusive broker A. Larry Kaiser IV, president of Key-Ventures, declined to comment for this story. But he was willing to describe his history with the duplex:</p>
<p>&ldquo;Years ago, it was the apartment of Melissa Bingham&mdash;Mrs. Harry Payne Bingham. I sold it from Mrs. Bingham to Horrace Dodge Jr.&rsquo;s widow, Gregg Dodge Moran. John DeLorean purchased it from Gregg, and then I sold it from John DeLorean to Mr. and Mrs. Lewis in 1992.&rdquo;</p>
<p>According to Steven Gaines&rsquo; 2005 book <i>The Sky&rsquo;s the Limit</i>, the African-American mogul and his Filipino-born wife were two of &ldquo;the few people of color to own an apartment in a &lsquo;Good Building&rsquo; on Fifth Avenue.&rdquo;</p>
<p><a name="Allen"> </a></p>
<p>Queer Eye for the Brooklyn Brownstone!</p>
<p>A Brooklyn brownstone is about to get a makeover &agrave; la <i>Queer Eye for the Straight Guy</i>.</p>
<p><i> </i></p>
<p>Swishy television foodie Ted Allen, who tells heterosexuals what to eat on the hit Bravo program, has sold his $2.75 million five-room loft at the chic Chelsea Atelier to go renovate a brownstone in Brooklyn.</p>
<p>He would not disclose his new Brooklyn neighborhood, but said he&rsquo;s found &ldquo;plenty of nice places to eat in Cobble Hill and Carroll Gardens,&rdquo; and that he also likes Fort Greene/Clinton Hill.</p>
<p>In any case, the brownstone is not in shiny-new-condo condition. &ldquo;The kitchen is going to need a little <i>Barry</i> treatment.&rdquo;</p>
<p>And what will that amount to?</p>
<p>&ldquo;Coke-palace 70&rsquo;s d&eacute;cor&mdash;in this ancient period space,&rdquo; said interior designer Barry Rice, Mr. Allen&rsquo;s partner.</p>
<p>A little bit of Chelsea right in brownstone Brooklyn!</p>
<p>According to broker Ed Hickey&rsquo;s listing at Meisel Real Estate, the 2,258-square-foot apartment Mr. Allen just sold, designed by Mr. Rice, is square-shaped. The kitchen, which sits in the center of the square, is perhaps unsurprisingly Mr. Allen&rsquo;s favorite part of the apartment.</p>
<p>&ldquo;Barry designed a kitchen that was at once really sleek and gorgeous and well-equipped. It&rsquo;s kind of a Viking-<i>palooza</i>.&rdquo;</p>
<p>The center of the box is the &ldquo;truly miraculous dream kitchen,&rdquo; according to Mr. Allen, &ldquo;that you&rsquo;d be happy to have in Des Moines, let alone in Manhattan.&rdquo;</p>
<p>But Iowans don&rsquo;t have 150-bottle-capacity wine coolers. And sadly, they often lack twin dishwashers. &ldquo;It&rsquo;s a fantastic thing to have both&mdash;if you&rsquo;re ridiculous enough to have two,&rdquo; Mr. Allen said.</p>
<p>His partner designed the space so that a large foyer separates the master bedroom from the suite for guests. &ldquo;It&rsquo;s really private for them.&rdquo; Mr. Allen said, &ldquo;They can stay out of our hair.&rdquo;</p>
<p>According to Mr. Hickey, the apartment sale has closed. Why did the couple feel like leaving? &ldquo;We wanted to have a yard, and a little single-family house, and a place to barbecue and grow plants.&rdquo;</p>
<p>So, naturally, he and Mr. Rice bought a brownstone. &ldquo;At this stage in the game, the stuff I want to do has less to do with 24-hour craziness and nightclubs than having a great private space.&rdquo;</p>
<p><a name="Niro"> </a></p>
<p>You Outbidding <i>Me</i>?</p>
<p>For some people over at 88 Central Park West, one apartment just isn&rsquo;t enough.</p>
<p>Last October, Robert De Niro paid $20.9 million for a fourth- and fifth-floor duplex in the building; more recently, he bid on another apartment in the building, which was put on the market by society broker Kirk Henckels and his wife Fernanda Kellogg.</p>
<p>Turns out Mr. De Niro lost to N.J. Nicholas Jr., a director of medical behemoth Boston Scientific who in the early 1990&rsquo;s was ousted as the co-chief of Time Warner<i>. </i>(The<i> New York Post</i> reported on Mr. Henckels&rsquo; sale but didn&rsquo;t name the buyer&mdash;or the losing bidder.)</p>
<p>And like Mr. De Niro, Mr. Nicholas already had a place in the 69th Street co-op building. According to a source familiar with the deal, his original apartment is a duplex on floors eight and nine.</p>
<p>So unlike Mr. De Niro, Mr. Nicholas will be able to knock down the wall and combine the apartment he already had with the one he just bought.</p>
<p>Mr. Henckels, who is the director of Stribling Private Brokerage, would not discuss the deal. But he described his old apartment as &ldquo;just one of those wonderful, architectural, voluminous spaces that 88 Central Park West is famous for. And bright and open!&rdquo;</p>
<p>&ldquo;In spite of all the celebrities,&rdquo; he said, &ldquo;it has the best karma of any building I&rsquo;ve ever been in. Everybody gets along&mdash;there&rsquo;s a very egalitarian sentiment in there.&rdquo;</p>
<p><a name="Penthouse"> </a></p>
<p>The Highest Penthouse in Soho, for $26.5 M.</p>
<p>Soho has long been the dead zone for hipsters and artists and other tourist-hating types.</p>
<p>But the era of extravagantly high-end real estate is far from over.</p>
<p>The duplex penthouse at the New Museum Building on Mercer Street, all 7,437 square feet of it, was scheduled to hit the market on Jan. 10 for $26.5 million.</p>
<p>Is the penthouse more magnificent than the upcoming Trump Soho tower?</p>
<p>&ldquo;Trump&rsquo;s is a condo hotel,&rdquo; said Prudential Douglas Elliman executive vice president Leonard Steinberg, who shares the listing with Sotheby&rsquo;s broker Stephen McRae. &ldquo;This is not about having your breakfast delivered to you. It&rsquo;s about having full-time help, more than likely.&rdquo;</p>
<p>According to public records, William Kriegel owns the penthouse (as the sole member of the limited-liability corporation BKM Associates). Mr. Steinberg said the owner&rsquo;s children have flown the penthouse coop; so it&rsquo;s time to sell.</p>
<p>Mr. Kriegel has deep ties to the New Museum Building.</p>
<p>&ldquo;He bought the whole building to get the penthouse, and developed the whole building as well,&rdquo; Mr. Steinberg said. &ldquo;He&rsquo;s not a developer by trade, he just wanted this penthouse so badly.&rdquo;</p>
<p>His purchase year isn&rsquo;t clear from city records, but Mr. Steinberg said it was 1996. Back then, the 1895 Beaux-Arts building was empty, with the exception of Marcia Tucker&rsquo;s New Museum of Contemporary Art on the bottom floor.</p>
<p>Considering his history, Mr. Kriegel will probably move on in style.</p>
<p>&ldquo;The owner of this apartment developed the penthouse that Rupert Murdoch recently sold on Prince Street,&rdquo; said Mr. Steinberg, referring to the $24.675 million apartment that the media mogul sold to fashion designer Elie Tahari in December 2005.</p>
<p>At its current listing price, the New Museum penthouse costs nearly $2 million more.</p>
<p>Why?</p>
<p>&ldquo;It&rsquo;s really magnificent,&rdquo; Mr. Steinberg said earlier, &ldquo;like in the world-class realm of magnificence.&rdquo; As evidence, he pointed to the 12-foot ceilings, which are minute compared to the 2,500 square feet of outdoor terraces (not including planting space).</p>
<p>There are six bedrooms, too, plus two elevator landings.</p>
<p>And:</p>
<p>&ldquo;This imposing duplex,&rdquo; says the listing, &ldquo;is located on the highest floor in Soho.&rdquo;</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/011507_article_transfers.jpg?w=200&h=300" />Watch out, Rupert Murdoch! If philanthropist Loida Lewis gets what she&rsquo;s asking for her ninth- and 10th-floor duplex at 834 Fifth Avenue, Mr. Murdoch&rsquo;s record-breaking purchase (right upstairs in the same building!) will be relegated to the celestial dustbin of Manhattan real estate.</p>
<p>Ms. Lewis, widow of the late billionaire C.E.O. of Beatrice Foods, wants $45 million for her 15-room apartment, with a master bedroom and 640-square-foot living room overlooking Central Park; that&rsquo;s a million more than Mr. Murdoch paid in 2005 for the triplex penthouse upstairs.</p>
<p>If the asking price is only just inches above the Murdoch deal, consider that this apartment is one floor shorter and four floors lower than Mr. Murdoch&rsquo;s 2005 purchase.</p>
<p>Considering how ambitious that sounds, could the duplex break Mr. Murdoch&rsquo;s co-op record?</p>
<p>&ldquo;Sure,&rdquo; said Jonathan Miller, president of the real-estate appraisal firm Miller Samuel. &ldquo;It&rsquo;s not out in left field.&rdquo;</p>
<p>That&rsquo;s because listings are rare at 834 Fifth, one of the first three super-luxury buildings designed by super-luxurious Rosario Candela.</p>
<p>Ms. Lewis&rsquo; apartment has seven and a half bathrooms, four wood-burning fireplaces, a &ldquo;restaurant kitchen&rdquo; and &ldquo;breakfast room&rdquo; and even a one-bedroom &ldquo;mezzanine&rdquo; apartment between the ninth and 10th floors.</p>
<p>Exclusive broker A. Larry Kaiser IV, president of Key-Ventures, declined to comment for this story. But he was willing to describe his history with the duplex:</p>
<p>&ldquo;Years ago, it was the apartment of Melissa Bingham&mdash;Mrs. Harry Payne Bingham. I sold it from Mrs. Bingham to Horrace Dodge Jr.&rsquo;s widow, Gregg Dodge Moran. John DeLorean purchased it from Gregg, and then I sold it from John DeLorean to Mr. and Mrs. Lewis in 1992.&rdquo;</p>
<p>According to Steven Gaines&rsquo; 2005 book <i>The Sky&rsquo;s the Limit</i>, the African-American mogul and his Filipino-born wife were two of &ldquo;the few people of color to own an apartment in a &lsquo;Good Building&rsquo; on Fifth Avenue.&rdquo;</p>
<p><a name="Allen"> </a></p>
<p>Queer Eye for the Brooklyn Brownstone!</p>
<p>A Brooklyn brownstone is about to get a makeover &agrave; la <i>Queer Eye for the Straight Guy</i>.</p>
<p><i> </i></p>
<p>Swishy television foodie Ted Allen, who tells heterosexuals what to eat on the hit Bravo program, has sold his $2.75 million five-room loft at the chic Chelsea Atelier to go renovate a brownstone in Brooklyn.</p>
<p>He would not disclose his new Brooklyn neighborhood, but said he&rsquo;s found &ldquo;plenty of nice places to eat in Cobble Hill and Carroll Gardens,&rdquo; and that he also likes Fort Greene/Clinton Hill.</p>
<p>In any case, the brownstone is not in shiny-new-condo condition. &ldquo;The kitchen is going to need a little <i>Barry</i> treatment.&rdquo;</p>
<p>And what will that amount to?</p>
<p>&ldquo;Coke-palace 70&rsquo;s d&eacute;cor&mdash;in this ancient period space,&rdquo; said interior designer Barry Rice, Mr. Allen&rsquo;s partner.</p>
<p>A little bit of Chelsea right in brownstone Brooklyn!</p>
<p>According to broker Ed Hickey&rsquo;s listing at Meisel Real Estate, the 2,258-square-foot apartment Mr. Allen just sold, designed by Mr. Rice, is square-shaped. The kitchen, which sits in the center of the square, is perhaps unsurprisingly Mr. Allen&rsquo;s favorite part of the apartment.</p>
<p>&ldquo;Barry designed a kitchen that was at once really sleek and gorgeous and well-equipped. It&rsquo;s kind of a Viking-<i>palooza</i>.&rdquo;</p>
<p>The center of the box is the &ldquo;truly miraculous dream kitchen,&rdquo; according to Mr. Allen, &ldquo;that you&rsquo;d be happy to have in Des Moines, let alone in Manhattan.&rdquo;</p>
<p>But Iowans don&rsquo;t have 150-bottle-capacity wine coolers. And sadly, they often lack twin dishwashers. &ldquo;It&rsquo;s a fantastic thing to have both&mdash;if you&rsquo;re ridiculous enough to have two,&rdquo; Mr. Allen said.</p>
<p>His partner designed the space so that a large foyer separates the master bedroom from the suite for guests. &ldquo;It&rsquo;s really private for them.&rdquo; Mr. Allen said, &ldquo;They can stay out of our hair.&rdquo;</p>
<p>According to Mr. Hickey, the apartment sale has closed. Why did the couple feel like leaving? &ldquo;We wanted to have a yard, and a little single-family house, and a place to barbecue and grow plants.&rdquo;</p>
<p>So, naturally, he and Mr. Rice bought a brownstone. &ldquo;At this stage in the game, the stuff I want to do has less to do with 24-hour craziness and nightclubs than having a great private space.&rdquo;</p>
<p><a name="Niro"> </a></p>
<p>You Outbidding <i>Me</i>?</p>
<p>For some people over at 88 Central Park West, one apartment just isn&rsquo;t enough.</p>
<p>Last October, Robert De Niro paid $20.9 million for a fourth- and fifth-floor duplex in the building; more recently, he bid on another apartment in the building, which was put on the market by society broker Kirk Henckels and his wife Fernanda Kellogg.</p>
<p>Turns out Mr. De Niro lost to N.J. Nicholas Jr., a director of medical behemoth Boston Scientific who in the early 1990&rsquo;s was ousted as the co-chief of Time Warner<i>. </i>(The<i> New York Post</i> reported on Mr. Henckels&rsquo; sale but didn&rsquo;t name the buyer&mdash;or the losing bidder.)</p>
<p>And like Mr. De Niro, Mr. Nicholas already had a place in the 69th Street co-op building. According to a source familiar with the deal, his original apartment is a duplex on floors eight and nine.</p>
<p>So unlike Mr. De Niro, Mr. Nicholas will be able to knock down the wall and combine the apartment he already had with the one he just bought.</p>
<p>Mr. Henckels, who is the director of Stribling Private Brokerage, would not discuss the deal. But he described his old apartment as &ldquo;just one of those wonderful, architectural, voluminous spaces that 88 Central Park West is famous for. And bright and open!&rdquo;</p>
<p>&ldquo;In spite of all the celebrities,&rdquo; he said, &ldquo;it has the best karma of any building I&rsquo;ve ever been in. Everybody gets along&mdash;there&rsquo;s a very egalitarian sentiment in there.&rdquo;</p>
<p><a name="Penthouse"> </a></p>
<p>The Highest Penthouse in Soho, for $26.5 M.</p>
<p>Soho has long been the dead zone for hipsters and artists and other tourist-hating types.</p>
<p>But the era of extravagantly high-end real estate is far from over.</p>
<p>The duplex penthouse at the New Museum Building on Mercer Street, all 7,437 square feet of it, was scheduled to hit the market on Jan. 10 for $26.5 million.</p>
<p>Is the penthouse more magnificent than the upcoming Trump Soho tower?</p>
<p>&ldquo;Trump&rsquo;s is a condo hotel,&rdquo; said Prudential Douglas Elliman executive vice president Leonard Steinberg, who shares the listing with Sotheby&rsquo;s broker Stephen McRae. &ldquo;This is not about having your breakfast delivered to you. It&rsquo;s about having full-time help, more than likely.&rdquo;</p>
<p>According to public records, William Kriegel owns the penthouse (as the sole member of the limited-liability corporation BKM Associates). Mr. Steinberg said the owner&rsquo;s children have flown the penthouse coop; so it&rsquo;s time to sell.</p>
<p>Mr. Kriegel has deep ties to the New Museum Building.</p>
<p>&ldquo;He bought the whole building to get the penthouse, and developed the whole building as well,&rdquo; Mr. Steinberg said. &ldquo;He&rsquo;s not a developer by trade, he just wanted this penthouse so badly.&rdquo;</p>
<p>His purchase year isn&rsquo;t clear from city records, but Mr. Steinberg said it was 1996. Back then, the 1895 Beaux-Arts building was empty, with the exception of Marcia Tucker&rsquo;s New Museum of Contemporary Art on the bottom floor.</p>
<p>Considering his history, Mr. Kriegel will probably move on in style.</p>
<p>&ldquo;The owner of this apartment developed the penthouse that Rupert Murdoch recently sold on Prince Street,&rdquo; said Mr. Steinberg, referring to the $24.675 million apartment that the media mogul sold to fashion designer Elie Tahari in December 2005.</p>
<p>At its current listing price, the New Museum penthouse costs nearly $2 million more.</p>
<p>Why?</p>
<p>&ldquo;It&rsquo;s really magnificent,&rdquo; Mr. Steinberg said earlier, &ldquo;like in the world-class realm of magnificence.&rdquo; As evidence, he pointed to the 12-foot ceilings, which are minute compared to the 2,500 square feet of outdoor terraces (not including planting space).</p>
<p>There are six bedrooms, too, plus two elevator landings.</p>
<p>And:</p>
<p>&ldquo;This imposing duplex,&rdquo; says the listing, &ldquo;is located on the highest floor in Soho.&rdquo;</p>
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