After two years and three near-sales, one of Park Avenue’s most tortuously unfair real estate stories might finally be over. According to Stribling‘s Web site, the penthouse triplex at 895 Park Avenue, where the tag fell from $29.5 million in October 2007 to $15.5 million, is in contract.
But history hasn’t been kind to the apartment, a place with 14 rooms, six bathrooms, four bedrooms, two bars and a petite internal elevator. Two years ago, a board-approved couple walked away from a contract because of a divorce, leaving their multimillion-dollar deposit behind. A second pair, the multibillion-dollar hedge fund manager Ricky Sandler and his wife, went to contract last year for just under $25 million, but were turned down by the building’s co-op board. They ended up buying another Park Avenue place for $19 million.
Last month, The Observer reported that the board spurned yet another buyer, this one a widowed mother who had been in contract for at least $14 million. The heads of other good buildings had written her letters of support.
On the bright side, this new contract is for more than that last one–“at least $15 million,” a source said. But is the buyer qualified? “The last two people were passable, too, but this person is definitely passing.”
The apartment belongs to the estate of Showgirls and Tootsie producer Charles Evans, who died two years ago at 81. He married his fourth wife, former model Bonnie Pfeifer, in January 2005. His will reportedly left her little. She told the Post after his death that she had a broker’s license, and was hoping to get a commission from the penthouse’s sale by representing its buyer.