Yawn … a $21 M. Sale at 15CPW

And 15CPW does it again! Continuing the post-Weill binge, another sizable sale just closed at the heavenly development. A 3,174-square-foot home, located on the building’s 28th floor, just sold for $21 million, city records show.

The home was purchased anonymously through an entity based in the British Virgin Islands. What the condo lacks in beachfront, it makes up in park views and 11-foot ceilings. According to a listing from Corcoran agents Carrie Chiang and Janet Wang, the apartment includes a library, a corner living room and a formal dining room, the stock and trade features of 15CPW’s stateliest apartments.

Cardiologist Kock-Yen Tsang and his wife, June, purchased the apartment in January 2008 for a mere $8.9 million. They put it back on the market last March, hoping to practically triple their investment with a $25 million asking price. Falling a few million short of their goal, the Tsangs still made a full made 136 percent profit on the property—a not altogether uncommon phenomenon in the suspended-reality that has come to characterize 15CPW resales. The Tsangs list a Toms River, New Jersey home on the deed.

This is, of course, just the latest in a series of mind-boggling sales at 15CPW. Dmitry Rvbolovlev’s storied purchase of the penthouse for $88 million seemed to set off a cycle of scale-tipping listings and closures in the building. Another property closed for $24 million on the 31st floor while one well below it was just listed for $34 million.


Yawn … a $21 M. Sale at 15CPW