960 Fifth Spread, Out to Stud, Nails $6.8 M. Sale

960 Fifth Avenue (Photo from StreetEasy)

The estate of prominent horse breeder and philanthropist Edward “Ned”  Evans has sold his Fifth Avenue apartment. According to an obituary by the New York Racing Association, Evans ranked seventh among the most successful American racehorse owners the year he died, 2010, raking in over $3 million in prize money. (At one time the C.E.O. of Macmillan publishers as well, Evans recently donated $50 million to the Yale School of Management. Boola Boola, indeed.) 

Evans’ apartment at 960 Fifth Avenue, however, sold for more than double that prize money. Although the two-bedroom, two-bath was put on the market in May for $9 million, city records show that the buyers, textile magnates Loic and Rebecca de Kertanguy, paid just $6.8 million for the apartment.

The de Kertanguys have much to look forward to in their new home. With 12-foot ceilings and 9-foot windows, the apartment features enviable views of the Central Park tree line and city beyond, according to a listing by Sotheby’s mega-agent Serena Boardman. “This truly unique and glamorous residence is the embodiment of refined elegance and sophistication,” the listing brags.

The de Kartanguys are no strangers to the neighborhood, however. In 2008, the couple sold their apartment at 1040 Fifth Avenue to Edgar Bronfman Jr., who famously put it back on the market a week after coughing up $19.5 million for the place. It appears that Mr. and Ms. de Kertanguy have been slumming it in an apartment at 3 East 77th Street since they left the palatial spread at 1040. City records show they just sold the interim home for a cool $4.85 million.


960 Fifth Spread, Out to Stud, Nails $6.8 M. Sale