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	<title>Observer &#187; 1 central park west</title>
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		<title>Observer &#187; 1 central park west</title>
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		<title>Real Estate Dilettante Libet Johnson Lists Trump International Condo</title>

		<comments>http://observer.com/2013/04/real-estate-dilettante-libet-johnson-lists-trump-international-condo/#comments</comments>
		<pubDate>Wed, 24 Apr 2013 10:05:37 -0400</pubDate>
					<link>http://observer.com/2013/04/real-estate-dilettante-libet-johnson-lists-trump-international-condo/</link>
			<dc:creator>Stephen Jacob Smith</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=297431</guid>
		<description><![CDATA[<p><div id="attachment_297482" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-297482" alt="Virtual staging is usually a bad sign." src="http://nyoobserver.files.wordpress.com/2013/04/trump.jpg?w=300" width="300" height="200" /><p class="wp-caption-text">Virtual staging is usually a bad sign.</p></div></p>
<p><strong>Libet Johnson</strong>, heiress to the Johnson &amp; Johnson fortune, appears to be in the mood for tying up loose ends. Two months ago she <a href="http://www.nypost.com/p/pagesix/johnson_reconciliation_ulxFDOZtmNQpd1r8IGqIZO">reconciled with her ex-boyfriend</a>, celebrity weight loss-through-pregnancy-hormones guru Lionel Bissoon, reaching a joint custody agreement over a 9-year-old child that they "found" in Cambodia and brought back to the U.S. on a humanitarian visa.</p>
<p>Now comes the shedding of the real estate: Ms. Johnson has just listed her 30th-floor condo at the <strong>Trump International Hotel and Tower</strong>. She's asking <strong>$4 million</strong> for the two-bedroom, 2.5-bathroom spread, or exactly double what she paid for it back in 2004.<!--more--></p>
<p>We assume it was used as either a staff apartment or one for distant visiting relations, given that it lacks park views and sits more than 20 floors below her old penthouse at <strong>1 Central Park West</strong>, supposedly the largest in the building, which she sold <a href="http://observer.com/2007/01/then-there-were-none/">back in 2007</a> for $18.5 million. In any case, the apartment clearly hasn't been lived in recently: it's almost totally devoid of furniture or personal touches—the first listing photo is digitally staged—and what is in the apartment looks like castaways for the help.</p>
<p>It also looks like Ms. Johnson has had some difficulty selling the unit. It was previously listed with Brown Harris Stevens for nearly $3.9 million, but after being taken off the market for two years, it's now listed with Stribling's <strong>Pamela D'Arc</strong>.</p>
<p>And it's not the only home that Ms. Johnson has had a hard time selling. She picked up the old Vanderbilt Mansion at 16 East 69th Street from fellow heiress Sloan Lindemann Barnett and her husband for $48 million—Ms. Johnson got "screwed" in the deal, said one broker—and it's been sitting empty for <a href="http://observer.com/2012/08/the-many-whims-of-libet-johnson-heiress-looking-sell-the-vanderbilt-mansion-lusting-after-huguette-clark-spread/">want of a mid-$5o million buyer</a>.</p>
<p>And then there was 85 Perry Street, her 200-year-old West Village townhouse that lost over $3.4 million in value between her 2008 purchase and her sale last year.</p>
<p>"She hasn't been very lucky in her real estate endeavors," said one broker. Though given her trust fund, she probably hasn't lost any sleep over it.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_297482" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-297482" alt="Virtual staging is usually a bad sign." src="http://nyoobserver.files.wordpress.com/2013/04/trump.jpg?w=300" width="300" height="200" /><p class="wp-caption-text">Virtual staging is usually a bad sign.</p></div></p>
<p><strong>Libet Johnson</strong>, heiress to the Johnson &amp; Johnson fortune, appears to be in the mood for tying up loose ends. Two months ago she <a href="http://www.nypost.com/p/pagesix/johnson_reconciliation_ulxFDOZtmNQpd1r8IGqIZO">reconciled with her ex-boyfriend</a>, celebrity weight loss-through-pregnancy-hormones guru Lionel Bissoon, reaching a joint custody agreement over a 9-year-old child that they "found" in Cambodia and brought back to the U.S. on a humanitarian visa.</p>
<p>Now comes the shedding of the real estate: Ms. Johnson has just listed her 30th-floor condo at the <strong>Trump International Hotel and Tower</strong>. She's asking <strong>$4 million</strong> for the two-bedroom, 2.5-bathroom spread, or exactly double what she paid for it back in 2004.<!--more--></p>
<p>We assume it was used as either a staff apartment or one for distant visiting relations, given that it lacks park views and sits more than 20 floors below her old penthouse at <strong>1 Central Park West</strong>, supposedly the largest in the building, which she sold <a href="http://observer.com/2007/01/then-there-were-none/">back in 2007</a> for $18.5 million. In any case, the apartment clearly hasn't been lived in recently: it's almost totally devoid of furniture or personal touches—the first listing photo is digitally staged—and what is in the apartment looks like castaways for the help.</p>
<p>It also looks like Ms. Johnson has had some difficulty selling the unit. It was previously listed with Brown Harris Stevens for nearly $3.9 million, but after being taken off the market for two years, it's now listed with Stribling's <strong>Pamela D'Arc</strong>.</p>
<p>And it's not the only home that Ms. Johnson has had a hard time selling. She picked up the old Vanderbilt Mansion at 16 East 69th Street from fellow heiress Sloan Lindemann Barnett and her husband for $48 million—Ms. Johnson got "screwed" in the deal, said one broker—and it's been sitting empty for <a href="http://observer.com/2012/08/the-many-whims-of-libet-johnson-heiress-looking-sell-the-vanderbilt-mansion-lusting-after-huguette-clark-spread/">want of a mid-$5o million buyer</a>.</p>
<p>And then there was 85 Perry Street, her 200-year-old West Village townhouse that lost over $3.4 million in value between her 2008 purchase and her sale last year.</p>
<p>"She hasn't been very lucky in her real estate endeavors," said one broker. Though given her trust fund, she probably hasn't lost any sleep over it.</p>
]]></content:encoded>
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			<media:title type="html">ssmithobserver</media:title>
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			<media:title type="html">Virtual staging is usually a bad sign.</media:title>
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		<title>Former Esquire Publisher Really, Really Likes Trump Tower</title>

		<comments>http://observer.com/2012/04/former-esquire-publisher-really-really-likes-trump-tower/#comments</comments>
		<pubDate>Fri, 06 Apr 2012 10:14:05 -0400</pubDate>
					<link>http://observer.com/2012/04/former-esquire-publisher-really-really-likes-trump-tower/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=231626</guid>
		<description><![CDATA[<p><div id="attachment_231628" class="wp-caption alignleft" style="width: 193px"><img class="size-full wp-image-231628" title="If it's not broken..." src="http://nyoobserver.files.wordpress.com/2012/04/tru.jpg" alt="" width="183" height="275" /><p class="wp-caption-text">If it&#039;s not broken...</p></div></p>
<p>Is <strong>1 Central Park West</strong> the sexiest residential tower alive? Not in our opinion, but former <em>Esquire</em> publisher <strong>Alan Greenberg, </strong>who's now the president of Avenues: the World School, a for-profit school set to open this fall in Chelsea, certainly seems to think so.</p>
<p>Mr. Greenberg and his wife Joy have traded their 2-bedroom, 2-bathroom condo on the 25 floor of Trump International Hotel and Tower for a 3-bedroom, 3 1/2-bath on the 30th floor.<!--more--></p>
<p>The Greenbergs bought their new place (which is nearly twice the size as the old one) for <strong>$10.6 million, </strong>according to city records, less than a month after the apartment was listed for $11 million <strong>with Sotheby's</strong> broker <strong>Roger Erikson. </strong>(News of the planned swap was <a href="http://therealdeal.com/blog/2012/03/15/former-esquire-publisher-trades-up-at-trump-international/">first reported</a> by <em>The Real Deal</em> earlier this month, but not the details of the sale).<strong><br />
</strong></p>
<p>We're guessing that the Greenbergs may have had their eye on the larger unit for quite some time. And while such activities could put the couple in danger of breaking a commandment—thou shalt not covet thy neighbor's house—we hardly think the neighbors minded. The selling price was a smidgen less than the ask, but it was still a pretty penny more than the $6.4 million the sellers (the Beverly Hills-based <strong>Aloha Lane Investors</strong>—whoever they are) paid for the property back in 2004.</p>
<p>And for the Greenbergs, at least, the building has proven to be something of a cash cow. The couple's current apartment, which they put on the market a day before closing on the larger space, looks like it may yield more than double the $2.25 million they spent when they bought it in 2000. Last listed for <strong>$5.75 million</strong>, it's already in contract. Things move fast at Trump Tower.</p>
<p>When Mr. Greenberg listed the couple's apartment this March, he told <em>The Real Deal</em> that he and his wife were looking for more space so that their recently-born grandson could visit frequently.</p>
<p>Besides space, the new place also offers lacquered walls, "dramatic lighting" and a "stunning powder room," according to the listing. Also, while it's hardly a change of scenery, we'd also guess five stories up may offer slightly better views.</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_231628" class="wp-caption alignleft" style="width: 193px"><img class="size-full wp-image-231628" title="If it's not broken..." src="http://nyoobserver.files.wordpress.com/2012/04/tru.jpg" alt="" width="183" height="275" /><p class="wp-caption-text">If it&#039;s not broken...</p></div></p>
<p>Is <strong>1 Central Park West</strong> the sexiest residential tower alive? Not in our opinion, but former <em>Esquire</em> publisher <strong>Alan Greenberg, </strong>who's now the president of Avenues: the World School, a for-profit school set to open this fall in Chelsea, certainly seems to think so.</p>
<p>Mr. Greenberg and his wife Joy have traded their 2-bedroom, 2-bathroom condo on the 25 floor of Trump International Hotel and Tower for a 3-bedroom, 3 1/2-bath on the 30th floor.<!--more--></p>
<p>The Greenbergs bought their new place (which is nearly twice the size as the old one) for <strong>$10.6 million, </strong>according to city records, less than a month after the apartment was listed for $11 million <strong>with Sotheby's</strong> broker <strong>Roger Erikson. </strong>(News of the planned swap was <a href="http://therealdeal.com/blog/2012/03/15/former-esquire-publisher-trades-up-at-trump-international/">first reported</a> by <em>The Real Deal</em> earlier this month, but not the details of the sale).<strong><br />
</strong></p>
<p>We're guessing that the Greenbergs may have had their eye on the larger unit for quite some time. And while such activities could put the couple in danger of breaking a commandment—thou shalt not covet thy neighbor's house—we hardly think the neighbors minded. The selling price was a smidgen less than the ask, but it was still a pretty penny more than the $6.4 million the sellers (the Beverly Hills-based <strong>Aloha Lane Investors</strong>—whoever they are) paid for the property back in 2004.</p>
<p>And for the Greenbergs, at least, the building has proven to be something of a cash cow. The couple's current apartment, which they put on the market a day before closing on the larger space, looks like it may yield more than double the $2.25 million they spent when they bought it in 2000. Last listed for <strong>$5.75 million</strong>, it's already in contract. Things move fast at Trump Tower.</p>
<p>When Mr. Greenberg listed the couple's apartment this March, he told <em>The Real Deal</em> that he and his wife were looking for more space so that their recently-born grandson could visit frequently.</p>
<p>Besides space, the new place also offers lacquered walls, "dramatic lighting" and a "stunning powder room," according to the listing. Also, while it's hardly a change of scenery, we'd also guess five stories up may offer slightly better views.</p>
<p><em>kvelsey@observer.com</em></p>
]]></content:encoded>
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			<media:title type="html">If it&#039;s not broken...</media:title>
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