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	<title>Observer &#187; Never Mind the $100 M.: Doc Gets $75K in Rent for 15 CPW Duplex</title>
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		<title>Observer &#187; Never Mind the $100 M.: Doc Gets $75K in Rent for 15 CPW Duplex</title>
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		<title>Never Mind the $100 M.: Doc Gets $75K in Rent for 15 CPW Duplex</title>

		<comments>http://observer.com/2009/04/never-mind-the-100-m-doc-gets-75k-in-rent-for-15-cpw-duplex/#comments</comments>
		<pubDate>Tue, 14 Apr 2009 23:19:34 -0400</pubDate>
					<link>http://observer.com/2009/04/never-mind-the-100-m-doc-gets-75k-in-rent-for-15-cpw-duplex/</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/l_transfers15-central-park.jpg?w=225&h=300" />One year and six days ago, a biotechnology venture capitalist and major Republican donor named <strong><span>Dr. Lindsay Rosenwald</span></strong><span style="letter-spacing: -0.1pt"> paid $30 million for an 18th-floor duplex at </span><strong><span>15 Central Park West</span></strong><span style="letter-spacing: -0.1pt">, the third most expensive apartment sold in the hugely buttoned-up new condo.
<p class="text">But before the next month was over, he had already told <em>The</em> <em>Times</em> that he had turned down offers for &ldquo;as much as $100 million,&rdquo; which didn&rsquo;t make much sense once his brokers sent out a memo just a few days later saying the apartment was available for $90 million.</p>
<p class="text"><span style="letter-spacing: 0.1pt">But Dr. Rosenwald won&rsquo;t anytime soon be making $100 million, $90 million or $30 million on the four-bedroom, 5,870-square-foot apartment. According to two sources, the apartment, which was widely assumed to be the most expensive listing in New York City, has now been rented for </span><strong><span>$75,000</span></strong><span style="letter-spacing: 0.1pt"> per month. </span></p>
<p class="text"><span style="letter-spacing: -0.1pt">On the one hand, that&rsquo;s a pittance if you consider it would take exactly a century of renting the place at $75,000 for Dr. Rosenwald to make the $90 million he once wanted. And when his giant terrace space is included in the tally, he&rsquo;s getting around $10.8 per square foot on the apartment, well below what Alex Rodriguez is paying for a much smaller rental in the building.</span></p>
<p class="text">Still, the fact that he found someone willing to pay more than twice A-Rod&rsquo;s monthly rent during such a disgustingly slow time is awfully impressive. &ldquo;I think that&rsquo;s a good price, I do,&rdquo; Margaret H.  Bay said this week. &ldquo;It sounds good to me.&rdquo; She&rsquo;s in charge of the massively expensive rentals at the Waldorf Towers, where a $75,000 suite was cut to $50,000 in January&mdash;and three listings between $90,000 and $140,000 have not been rented out for anything longer than the short term, she said. (Donald Trump is asking $200,000 for a Trump Park Avenue duplex penthouse.)</p>
<p class="text">Three <strong><span>Brown Harris Stevens</span></strong> brokers associated with Dr. Rosenwald&rsquo;s listing did not respond to interview requests. But <strong><span>Richard Cantor</span></strong> of <strong><span>Cantor Pecorella</span></strong>, who represented the renter, said his client is a single man in the film business. &ldquo;All I can tell you is that he&rsquo;s involved in Hollywood&mdash;but that he&rsquo;s not an actor.&rdquo;</p>
<p class="text" style="text-align: left" align="left"><em>mabelson@observer.com</em></p>
<p>&nbsp;</p>
<p></span></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/l_transfers15-central-park.jpg?w=225&h=300" />One year and six days ago, a biotechnology venture capitalist and major Republican donor named <strong><span>Dr. Lindsay Rosenwald</span></strong><span style="letter-spacing: -0.1pt"> paid $30 million for an 18th-floor duplex at </span><strong><span>15 Central Park West</span></strong><span style="letter-spacing: -0.1pt">, the third most expensive apartment sold in the hugely buttoned-up new condo.
<p class="text">But before the next month was over, he had already told <em>The</em> <em>Times</em> that he had turned down offers for &ldquo;as much as $100 million,&rdquo; which didn&rsquo;t make much sense once his brokers sent out a memo just a few days later saying the apartment was available for $90 million.</p>
<p class="text"><span style="letter-spacing: 0.1pt">But Dr. Rosenwald won&rsquo;t anytime soon be making $100 million, $90 million or $30 million on the four-bedroom, 5,870-square-foot apartment. According to two sources, the apartment, which was widely assumed to be the most expensive listing in New York City, has now been rented for </span><strong><span>$75,000</span></strong><span style="letter-spacing: 0.1pt"> per month. </span></p>
<p class="text"><span style="letter-spacing: -0.1pt">On the one hand, that&rsquo;s a pittance if you consider it would take exactly a century of renting the place at $75,000 for Dr. Rosenwald to make the $90 million he once wanted. And when his giant terrace space is included in the tally, he&rsquo;s getting around $10.8 per square foot on the apartment, well below what Alex Rodriguez is paying for a much smaller rental in the building.</span></p>
<p class="text">Still, the fact that he found someone willing to pay more than twice A-Rod&rsquo;s monthly rent during such a disgustingly slow time is awfully impressive. &ldquo;I think that&rsquo;s a good price, I do,&rdquo; Margaret H.  Bay said this week. &ldquo;It sounds good to me.&rdquo; She&rsquo;s in charge of the massively expensive rentals at the Waldorf Towers, where a $75,000 suite was cut to $50,000 in January&mdash;and three listings between $90,000 and $140,000 have not been rented out for anything longer than the short term, she said. (Donald Trump is asking $200,000 for a Trump Park Avenue duplex penthouse.)</p>
<p class="text">Three <strong><span>Brown Harris Stevens</span></strong> brokers associated with Dr. Rosenwald&rsquo;s listing did not respond to interview requests. But <strong><span>Richard Cantor</span></strong> of <strong><span>Cantor Pecorella</span></strong>, who represented the renter, said his client is a single man in the film business. &ldquo;All I can tell you is that he&rsquo;s involved in Hollywood&mdash;but that he&rsquo;s not an actor.&rdquo;</p>
<p class="text" style="text-align: left" align="left"><em>mabelson@observer.com</em></p>
<p>&nbsp;</p>
<p></span></p>
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