Rejoice all ye house hunters looking in the $50 million and above range!
For a while, it seemed that all hope was lost, what with the disappearance of the Courtney Sale Ross mammoth at 740 Park, the Teddy Forstmann whopper at 2 East 70th Street and the $77.5 million Ritz-Carlton throne. But praise be, there’s a new $50 million co-op apartment on the market.
The owners of a floor-through apartment at the hoity-toity 944 Fifth Avenue (the staff members actually wear white gloves, reports The New York Times, who first wrote about the listing), have listed their six-bedroom apartment. The apartment is located on a high floor above the tree line. The listing doesn’t actually mention which high floor—how discreet!—but a little sleuthing reveals that the apartment is almost certainly on the eleventh floor.
It looks like casino king Steve Wynn‘s unlucky streak with New York real estate has finally come to an end. After selling his pad at the Plaza a few years back, Mr. Wynn has reportedly scooped up a penthouse at another famed New York hotel, the Ritz-Carlton.
According to the Post, Mr. Wynn has put in a winning $70 million bid for Millenium Partners’ founding partner Christopher M. Jeffries’ $77.5 million pad.
While some residences linger on the market for years, changing prices and waiting in vain for a buyer to come along and love them, others are pounced on almost immediately. The penthouse that once belonged to billionaire Teddy Forstmann is one such case. Not only was the Upper East Side co-op apartment at the center of a bidding war, but it wasn’t even listed publicly!
Trust a defense honcho to quietly conquer a palatial triplex apartment.
Former Bush assistant secretary of defense, James Shinn, and his wife, Masako, an artist, have bought a ninth-to-11th-floor unit at 2 East 70th Street originally listed for $19.5 million last February. But even a coveted address overlooking the Frick on Fifth Avenue couldn’t prevent the price from parachuting Read More