Stratospheric Sales

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Full-Floor on Fifth

Just As We Were Running Out, Another $50 M. Listing Hits the Market

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. Read More

Stratospheric Sales

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Wynn Wins at the Ritz

Steve Wynn Gambles on Ritz-Carlton Penthouse, Wins for $70 M.

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. Read More

Manhattan Transfers

Stealth Maneuver! Bush Defense Honcho Buys $12 M. Triplex on East 70th

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