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	<title>Observer &#187; Big, Nice Broker Browne Buys in 15 CPW For $2.65 M.; Rents Spread to Friends</title>
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		<title>Observer &#187; Big, Nice Broker Browne Buys in 15 CPW For $2.65 M.; Rents Spread to Friends</title>
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		<title>Big, Nice Broker Browne Buys in 15 CPW For $2.65 M.; Rents Spread to Friends</title>

		<comments>http://observer.com/2007/12/big-nice-broker-browne-buys-in-15-cpw-for-265-m-rents-spread-to-friends/#comments</comments>
		<pubDate>Wed, 19 Dec 2007 00:10:37 -0400</pubDate>
					<link>http://observer.com/2007/12/big-nice-broker-browne-buys-in-15-cpw-for-265-m-rents-spread-to-friends/</link>
			<dc:creator>Max Abelson</dc:creator>
				
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		<description><![CDATA[<p>Top Manhattan real estate brokers are a vicious lot. For an <em>Observer</em> feature earlier this year, for example, one big female agent called another an “animal” (off the record).
<p class="text">But <strong><span style="font-family: 'Exchange Text Bold'">Robby Browne</span></strong> is non-brutal. He rides his bicycle to listings, even though he has massive $26 million clients like Jon Bon Jovi; speaks in an avuncular Louisville accent; uses khaki or flannel to dress up; and takes up philanthropic gay and lesbian causes. </p>
<p class="text">Now the nicest top broker is a very nice landlord. He closed last month on a two-bedroom apartment at Robert A.M. Stern’s new <strong><span style="font-family: 'Exchange Text Bold'">Fifteen Central Park West</span></strong>, the limestone condo near Columbus Circle. According to city records, he paid <strong><span style="font-family: 'Exchange Text Bold'">$2.65 million</span></strong>. </p>
<p class="text">Mr. Browne says he was the first to sign a c<span style="letter-spacing: 0.1pt">ontract at the building, back in September 2005. Yet he already lived in a small apartment with a terrace elsewhere on Central Park West, bought for $550,000 last decade. He didn’t want to give up any outdoor space, yet he couldn’t afford Mr. Stern’s park-facing terraced condos. </span></p>
<p class="text">So he compromised with a terraced sixth-floor unit, right above Best Buy, on the Broadway side of the building. The $2.65 million condo is cheaper than all but three of the 18 apartments he has listed for sale through the Corcoran Group; big brokers, in other words, don’t live like their clients.</p>
<p class="text">But he’s not moving in to 15 CPW: “I’m going to rent it to some friends,” he said. The monthly price is somewhere between $10,000 and $15,000—very fair for the building. “Well, I don’t want to call it a deal, but they’re people that I trust. These are people that have good taste and will take care of my apartment.”</p>
<p class="text">Does having a spread in the condo make it easier to sell other units there? “To my way of thinking, if I were willing to commit, then certainly that would be a stamp of approval. Well, I believe I took about 20 purchasers there, and two committed. That’s not very many.”</p>
]]></description>
		<content:encoded><![CDATA[<p>Top Manhattan real estate brokers are a vicious lot. For an <em>Observer</em> feature earlier this year, for example, one big female agent called another an “animal” (off the record).
<p class="text">But <strong><span style="font-family: 'Exchange Text Bold'">Robby Browne</span></strong> is non-brutal. He rides his bicycle to listings, even though he has massive $26 million clients like Jon Bon Jovi; speaks in an avuncular Louisville accent; uses khaki or flannel to dress up; and takes up philanthropic gay and lesbian causes. </p>
<p class="text">Now the nicest top broker is a very nice landlord. He closed last month on a two-bedroom apartment at Robert A.M. Stern’s new <strong><span style="font-family: 'Exchange Text Bold'">Fifteen Central Park West</span></strong>, the limestone condo near Columbus Circle. According to city records, he paid <strong><span style="font-family: 'Exchange Text Bold'">$2.65 million</span></strong>. </p>
<p class="text">Mr. Browne says he was the first to sign a c<span style="letter-spacing: 0.1pt">ontract at the building, back in September 2005. Yet he already lived in a small apartment with a terrace elsewhere on Central Park West, bought for $550,000 last decade. He didn’t want to give up any outdoor space, yet he couldn’t afford Mr. Stern’s park-facing terraced condos. </span></p>
<p class="text">So he compromised with a terraced sixth-floor unit, right above Best Buy, on the Broadway side of the building. The $2.65 million condo is cheaper than all but three of the 18 apartments he has listed for sale through the Corcoran Group; big brokers, in other words, don’t live like their clients.</p>
<p class="text">But he’s not moving in to 15 CPW: “I’m going to rent it to some friends,” he said. The monthly price is somewhere between $10,000 and $15,000—very fair for the building. “Well, I don’t want to call it a deal, but they’re people that I trust. These are people that have good taste and will take care of my apartment.”</p>
<p class="text">Does having a spread in the condo make it easier to sell other units there? “To my way of thinking, if I were willing to commit, then certainly that would be a stamp of approval. Well, I believe I took about 20 purchasers there, and two committed. That’s not very many.”</p>
]]></content:encoded>
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