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	<title>Observer &#187; Finance Bigwig Becomes First to Close in Schnabel’s Village Palazzo—Pays $15.5 M.</title>
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		<title>Observer &#187; Finance Bigwig Becomes First to Close in Schnabel’s Village Palazzo—Pays $15.5 M.</title>
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		<title>Finance Bigwig Becomes First to Close in Schnabel’s Village Palazzo—Pays $15.5 M.</title>

		<comments>http://observer.com/2007/10/finance-bigwig-becomes-first-to-close-in-schnabels-village-palazzopays-155-m/#comments</comments>
		<pubDate>Tue, 02 Oct 2007 23:18:32 -0400</pubDate>
					<link>http://observer.com/2007/10/finance-bigwig-becomes-first-to-close-in-schnabels-village-palazzopays-155-m/</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/transfers-744greenwich2h.jpg?w=300&h=161" />Sure, heartland American real estate is continuing to tank, but onyx-gilded New York apartments are floating up higher and higher into the eight-digit stratosphere.</p>
<p class="text">Take the just-completed <strong><span style="font-family: 'Exchange Text Bold'">$33.6 million</span></strong> deal for a three-unit duplex penthouse at <strong><span style="font-family: 'Exchange Text Bold'">Trump World Tower</span></strong>, the shiny monolith&rsquo;s last sponsor units to sell. As reported on our Web site Monday, sources told <em>The Observer</em> that the Asian-American buyer will gut that 34-room spread.</p>
<p class="text">But the story of <strong><span style="font-family: 'Exchange Text Bold'">William J. B. Brady</span></strong>, co-chairman of global technology for Credit Suisse, is somehow more spectacular.</p>
<p class="text">Late last month, according to city records, he became the first buyer to close in <strong><span style="font-family: 'Exchange Text Bold'">Julian Schnabel</span></strong>&rsquo;s new <strong><span style="font-family: 'Exchange Text Bold'">Palazzo Chupi</span></strong>. That 17-story pink-and-white palace at <strong><span style="font-family: 'Exchange Text Bold'">360 West 11th Street</span></strong> is a former stable where the artist-filmmaker will live with reportedly just four other buyers. Bono may be one of them, according to reports.</p>
<p class="text">The fact that Mr. Brady paid <strong><span style="font-family: 'Exchange Text Bold'">$15.5 million</span></strong> for &ldquo;Unit 1&rdquo; isn&rsquo;t necessarily a shock. After all, city records from this past week alone show that the philanthropist <strong><span style="font-family: 'Exchange Text Bold'">Joanna S. Rose</span></strong> just paid <strong><span style="font-family: 'Exchange Text Bold'">$10.5 million</span></strong> for an unlisted estate co-op at <strong><span style="font-family: 'Exchange Text Bold'">895 Park Avenue.</span></strong> Plus, <strong><span style="font-family: 'Exchange Text Bold'">the Plaza</span></strong>&rsquo;s seventh $10 million-plus apartment deal was filed with the city on Monday.<span> </span></p>
<p class="text">But Mr. Brady&rsquo;s purchase is particularly decadent, considering that he paid $6.95 million for a four-bedroom duplex penthouse at 744 Greenwich Street only three months and 11 days before signing his contract for the Schnabel apartment in August.</p>
<p class="text">And, what&rsquo;s more, city records put his billing address at a penthouse in the Millennium Tower.</p>
<p class="text">But the Palazzo&mdash;described this week in <em>New York</em> as a fairyland of 12-foot doors, seven-foot fireplaces, antique Moroccan window dressings, giant claw-foot tubs and a shared pool&mdash;has more cachet than just about any other building in Manhattan. So Mr. Brady has put his Greenwich Street duplex, pictured here, on the market with <strong><span style="font-family: 'Exchange Text Bold'">Stribling</span></strong>.</p>
<p class="text">The listing price is $12 million, which means the 48-foot great room and the master suite&rsquo;s 23-foot balcony (and the bathroom&rsquo;s towel warmer) will now cost almost twice what Mr. Brady paid in May&mdash;though, to be fair, his contract was first signed last year.</p>
<p class="text">Mr. Brady did not return a call to his offi<span style="letter-spacing: -0.1pt">ce.</span></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/transfers-744greenwich2h.jpg?w=300&h=161" />Sure, heartland American real estate is continuing to tank, but onyx-gilded New York apartments are floating up higher and higher into the eight-digit stratosphere.</p>
<p class="text">Take the just-completed <strong><span style="font-family: 'Exchange Text Bold'">$33.6 million</span></strong> deal for a three-unit duplex penthouse at <strong><span style="font-family: 'Exchange Text Bold'">Trump World Tower</span></strong>, the shiny monolith&rsquo;s last sponsor units to sell. As reported on our Web site Monday, sources told <em>The Observer</em> that the Asian-American buyer will gut that 34-room spread.</p>
<p class="text">But the story of <strong><span style="font-family: 'Exchange Text Bold'">William J. B. Brady</span></strong>, co-chairman of global technology for Credit Suisse, is somehow more spectacular.</p>
<p class="text">Late last month, according to city records, he became the first buyer to close in <strong><span style="font-family: 'Exchange Text Bold'">Julian Schnabel</span></strong>&rsquo;s new <strong><span style="font-family: 'Exchange Text Bold'">Palazzo Chupi</span></strong>. That 17-story pink-and-white palace at <strong><span style="font-family: 'Exchange Text Bold'">360 West 11th Street</span></strong> is a former stable where the artist-filmmaker will live with reportedly just four other buyers. Bono may be one of them, according to reports.</p>
<p class="text">The fact that Mr. Brady paid <strong><span style="font-family: 'Exchange Text Bold'">$15.5 million</span></strong> for &ldquo;Unit 1&rdquo; isn&rsquo;t necessarily a shock. After all, city records from this past week alone show that the philanthropist <strong><span style="font-family: 'Exchange Text Bold'">Joanna S. Rose</span></strong> just paid <strong><span style="font-family: 'Exchange Text Bold'">$10.5 million</span></strong> for an unlisted estate co-op at <strong><span style="font-family: 'Exchange Text Bold'">895 Park Avenue.</span></strong> Plus, <strong><span style="font-family: 'Exchange Text Bold'">the Plaza</span></strong>&rsquo;s seventh $10 million-plus apartment deal was filed with the city on Monday.<span> </span></p>
<p class="text">But Mr. Brady&rsquo;s purchase is particularly decadent, considering that he paid $6.95 million for a four-bedroom duplex penthouse at 744 Greenwich Street only three months and 11 days before signing his contract for the Schnabel apartment in August.</p>
<p class="text">And, what&rsquo;s more, city records put his billing address at a penthouse in the Millennium Tower.</p>
<p class="text">But the Palazzo&mdash;described this week in <em>New York</em> as a fairyland of 12-foot doors, seven-foot fireplaces, antique Moroccan window dressings, giant claw-foot tubs and a shared pool&mdash;has more cachet than just about any other building in Manhattan. So Mr. Brady has put his Greenwich Street duplex, pictured here, on the market with <strong><span style="font-family: 'Exchange Text Bold'">Stribling</span></strong>.</p>
<p class="text">The listing price is $12 million, which means the 48-foot great room and the master suite&rsquo;s 23-foot balcony (and the bathroom&rsquo;s towel warmer) will now cost almost twice what Mr. Brady paid in May&mdash;though, to be fair, his contract was first signed last year.</p>
<p class="text">Mr. Brady did not return a call to his offi<span style="letter-spacing: -0.1pt">ce.</span></p>
]]></content:encoded>
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