By Matt Chaban 7/27/11 2:45pm

with interest

Samuel Kress, five-and-dime-and-million man.

Was 1020 Fifth a Good Investment 86 Years Ago?

Yesterday, The Observer reported that the gilded penthouse atop 1020 Fifth Avenue had finally sold. Finally for a number of reasons: It had sat on the market for four years, first asking $5o million before selling for nearly half-off—but also because the home had not seen the light of the real estate listings since the Jazz Age. When Samuel Kress originally bought the place, it cost $150,000, at once a staggering and tiny amount. This newspaper could not help wondering: Just how good of a deal was it? Read More

By Elise Knutsen 7/26/11 4:58pm

Manhattan Transfers

7 Photos

SLOOTS7

Last Traded for $150K in Jazz Age, 1020 Fifth Spread Sells for $26.75 M.

Making Lehman-ade, indeed. Stephen Cyrus Freidheim, the chief investment officer at Cyrus Capital Partners, has bought an apartment at 1020 Fifth Avenue for $26.75 million. Mr. Freidheim is the son of Cyrus Foster Freidheim, the former CEO of the Sun-Times Media Group. His brother was the global head of strategy at Lehman Brothers until, of course, that sad day in September 2008 (he’s now an executive VP at Sears).

The 1020 Fifth apartment went on the market for $46.5 million on Sept. 14, 2008—the day before Lehman collapsed. Read More

By Max Abelson 7/15/09 3:19pm

’08′s Biggest Apartment Offerings: Where Are They Now?

Late last month, the $51 million duplex penthouse at Trump Park Avenue quietly came off the market, a year after the Elliman broker Victoria Shtainer listed the 6,200-square-foot sprawl, and seven years since Mr. Trump bought the building. “We haven’t sold it,” Ms. Shtainer said this week. “The timing was not good, so I Read More