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	<title>Observer &#187; Zeckendorf Closes on $29 M. Buy at 927 Fifth </title>
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		<title>Observer &#187; Zeckendorf Closes on $29 M. Buy at 927 Fifth </title>
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		<title>Zeckendorf Closes on $29 M. Buy at 927 Fifth</title>

		<comments>http://observer.com/2011/01/zeckendorf-closes-on-29-m-buy-at-927-fifth/#comments</comments>
		<pubDate>Mon, 03 Jan 2011 17:39:12 -0400</pubDate>
					<link>http://observer.com/2011/01/zeckendorf-closes-on-29-m-buy-at-927-fifth/</link>
			<dc:creator>Laura Kusisto</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/927fifth.jpg?w=300&h=200" />When you've just sold your condo for <a href="/2010/real-estate/zeckendorfs-15-cpw-penthouse-did-not-break-10000-square-foot-horror">a record-setting&nbsp;$9,940 per square foot</a>,&nbsp;you can afford to throw down a few extra million on&nbsp;a pre-war pad.</p>
<p>Yes, that's right, we're talking about none other than <strong>William Lie Zeckendorf</strong>. The vaunted developer who&nbsp;just <a href="/2010/real-estate/deed-40-m-contract-15-cpw-tv-director-nbc-exec-antiques-collectors-extraordinaire">sold&nbsp;his&nbsp;41st-floor condo&nbsp;at 15 Central Park West </a>for $40 million, <a href="/2010/real-estate/biggest-deals-2010">the second-highest sale this year </a>and the highest ever per square foot, has now&nbsp;bought a spread at <strong>927 Fifth Avenue </strong>for $3 million above the asking price.&nbsp;</p>
<p>The <em>Post</em>&nbsp;previously reported that <a href="http://www.nypost.com/p/news/business/realestate/residential/zeckendorf_in_deal_to_buy_wasserstein_CctRjcjetWyZBVs7RF8anK?CMP=OTC-rss&amp;FEEDNAME=">Mr. Zeckendorf had purchased Bruce Wasserstein's 14-room spread</a>, which was up for auction for $26 million. He was rumored to have put down $27 million, but it&nbsp;turns out even that was a conservative estimate.</p>
<p>Public records now show that he's paid <strong>$29.1 million and some change</strong>. That nudges the price slightly above the $4,200 a square foot he was said to have paid, but like every other sale in the city, a bargain compared to his recent successes.</p>
<p>The Wasserstein place is much bigger than Mr. Zeckendorf's&nbsp;self-developed modern digs. Of course, the co-op&nbsp;also has the Mary Tyler Moore glam factor, as well as&nbsp;the legendary chutzpah of having rejected Barbra Streisand.<span style="background-color: #edf5fa"> But is it&nbsp;worth giving up one of the city's&nbsp;best views? We're not&nbsp;totally convinced. </span></p>
<p><em><a href="mailto:lkusisto@observer.com">lkusisto@observer.com</a> </em></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/927fifth.jpg?w=300&h=200" />When you've just sold your condo for <a href="/2010/real-estate/zeckendorfs-15-cpw-penthouse-did-not-break-10000-square-foot-horror">a record-setting&nbsp;$9,940 per square foot</a>,&nbsp;you can afford to throw down a few extra million on&nbsp;a pre-war pad.</p>
<p>Yes, that's right, we're talking about none other than <strong>William Lie Zeckendorf</strong>. The vaunted developer who&nbsp;just <a href="/2010/real-estate/deed-40-m-contract-15-cpw-tv-director-nbc-exec-antiques-collectors-extraordinaire">sold&nbsp;his&nbsp;41st-floor condo&nbsp;at 15 Central Park West </a>for $40 million, <a href="/2010/real-estate/biggest-deals-2010">the second-highest sale this year </a>and the highest ever per square foot, has now&nbsp;bought a spread at <strong>927 Fifth Avenue </strong>for $3 million above the asking price.&nbsp;</p>
<p>The <em>Post</em>&nbsp;previously reported that <a href="http://www.nypost.com/p/news/business/realestate/residential/zeckendorf_in_deal_to_buy_wasserstein_CctRjcjetWyZBVs7RF8anK?CMP=OTC-rss&amp;FEEDNAME=">Mr. Zeckendorf had purchased Bruce Wasserstein's 14-room spread</a>, which was up for auction for $26 million. He was rumored to have put down $27 million, but it&nbsp;turns out even that was a conservative estimate.</p>
<p>Public records now show that he's paid <strong>$29.1 million and some change</strong>. That nudges the price slightly above the $4,200 a square foot he was said to have paid, but like every other sale in the city, a bargain compared to his recent successes.</p>
<p>The Wasserstein place is much bigger than Mr. Zeckendorf's&nbsp;self-developed modern digs. Of course, the co-op&nbsp;also has the Mary Tyler Moore glam factor, as well as&nbsp;the legendary chutzpah of having rejected Barbra Streisand.<span style="background-color: #edf5fa"> But is it&nbsp;worth giving up one of the city's&nbsp;best views? We're not&nbsp;totally convinced. </span></p>
<p><em><a href="mailto:lkusisto@observer.com">lkusisto@observer.com</a> </em></p>
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