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	<title>Observer &#187; In Deed! Scharf Attack; The Ultimate Soho Penthouse for Leonard Stern; Citi Guy Flies to Aerial West</title>
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		<title>Observer &#187; In Deed! Scharf Attack; The Ultimate Soho Penthouse for Leonard Stern; Citi Guy Flies to Aerial West</title>
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		<title>In Deed! Scharf Attack; The Ultimate Soho Penthouse for Leonard Stern; Citi Guy Flies to Aerial West</title>

		<comments>http://observer.com/2010/10/in-deed-scharf-attack-the-ultimate-soho-penthouse-for-leonard-stern-citi-guy-flies-to-aerial-west/#comments</comments>
		<pubDate>Wed, 20 Oct 2010 00:52:06 -0400</pubDate>
					<link>http://observer.com/2010/10/in-deed-scharf-attack-the-ultimate-soho-penthouse-for-leonard-stern-citi-guy-flies-to-aerial-west/</link>
			<dc:creator>Matt Chaban</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/sterns.jpg?w=300&h=224" />&nbsp;-- <strong>Edwin C. Cohen</strong>, son of Nixon Treasury Secretary Edwin S. Cohen, <a href="/2009/real-estate/hello-new-world-cpw-co-op-owner-asking-less-what-he-paid">snipped the price</a> on his Central Park West coop last year to $10.75 million, just below the $11 million he paid for his pad in 2006. Well, take another million off that, as the General Atlantic boss has sold his <strong>101 Central Park West</strong> coop for <strong>$9.75 million</strong>. The buyer is fellow banker <strong>Charles Scharf</strong>, Head of Retail Financial Services for JPMorgan Chase, and his wife <strong>Amy</strong>. The couple currently reside in Scarsdale and now have a a 3-bedroom, 4-bathroom home in the city.</p>
<p>&nbsp;-- As Curbed reported earlier today, <strong>Leonard Stern</strong> has landed <a href="http://ny.curbed.com/archives/2010/10/19/billionaire_leonard_stern_buys_ultimate_soho_penthouse.php">the ultimate Soho penthouse</a> at <strong>495 West Broadway</strong> for a whopping <strong>$14.25 million</strong>, down from $16.5 million. The billionaire, who among other things built the nearby Tibeca Grand and Soho Grand hotels and put the Stern in NYU's business school, has snagged the four-bedroom, four-and-a-half-bathroom duplex with a wraparound patio. If that weren't enough, this could just be <a href="http://ny.curbed.com/archives/2010/07/22/upper_east_siders_forced_to_crash_in_8_million_soho_penthouse.php">another crash pad</a>, as the septegarian is waiting out renovations on his Fifth Avenue mansion. The seller was recruiting maven <strong>Joseph Goldsmith</strong>.</p>
<p>&nbsp;-- <strong>Dickson Chu</strong> made his name in tech, working for the likes of Yahoo and PayPal, but now he is in charge of development and products for Citi. He and wife <strong>Kristin</strong> have landed at Extell's <a href="http://query.nytimes.com/gst/fullpage.html?res=9C02E1DD113FF932A35756C0A9609C8B63">notorious</a> <strong>Aerial West</strong> at 245 West 99th Street, paying <strong>$2.7 million</strong> for a unit near the bottom of the 31-story tower. For a San Franciscan, the pad must even seem big, with four bedrooms, three baths and 2,349-square-feet.</p>
<p><strong><a href="mailto:mchaban@observer.com">mchaban [at] observer.com</a> </strong>/<strong> <a href="http://twitter.com/MC_NYO">@mc_nyo</a></strong></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/sterns.jpg?w=300&h=224" />&nbsp;-- <strong>Edwin C. Cohen</strong>, son of Nixon Treasury Secretary Edwin S. Cohen, <a href="/2009/real-estate/hello-new-world-cpw-co-op-owner-asking-less-what-he-paid">snipped the price</a> on his Central Park West coop last year to $10.75 million, just below the $11 million he paid for his pad in 2006. Well, take another million off that, as the General Atlantic boss has sold his <strong>101 Central Park West</strong> coop for <strong>$9.75 million</strong>. The buyer is fellow banker <strong>Charles Scharf</strong>, Head of Retail Financial Services for JPMorgan Chase, and his wife <strong>Amy</strong>. The couple currently reside in Scarsdale and now have a a 3-bedroom, 4-bathroom home in the city.</p>
<p>&nbsp;-- As Curbed reported earlier today, <strong>Leonard Stern</strong> has landed <a href="http://ny.curbed.com/archives/2010/10/19/billionaire_leonard_stern_buys_ultimate_soho_penthouse.php">the ultimate Soho penthouse</a> at <strong>495 West Broadway</strong> for a whopping <strong>$14.25 million</strong>, down from $16.5 million. The billionaire, who among other things built the nearby Tibeca Grand and Soho Grand hotels and put the Stern in NYU's business school, has snagged the four-bedroom, four-and-a-half-bathroom duplex with a wraparound patio. If that weren't enough, this could just be <a href="http://ny.curbed.com/archives/2010/07/22/upper_east_siders_forced_to_crash_in_8_million_soho_penthouse.php">another crash pad</a>, as the septegarian is waiting out renovations on his Fifth Avenue mansion. The seller was recruiting maven <strong>Joseph Goldsmith</strong>.</p>
<p>&nbsp;-- <strong>Dickson Chu</strong> made his name in tech, working for the likes of Yahoo and PayPal, but now he is in charge of development and products for Citi. He and wife <strong>Kristin</strong> have landed at Extell's <a href="http://query.nytimes.com/gst/fullpage.html?res=9C02E1DD113FF932A35756C0A9609C8B63">notorious</a> <strong>Aerial West</strong> at 245 West 99th Street, paying <strong>$2.7 million</strong> for a unit near the bottom of the 31-story tower. For a San Franciscan, the pad must even seem big, with four bedrooms, three baths and 2,349-square-feet.</p>
<p><strong><a href="mailto:mchaban@observer.com">mchaban [at] observer.com</a> </strong>/<strong> <a href="http://twitter.com/MC_NYO">@mc_nyo</a></strong></p>
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