Stratospheric Sales

Another $95 million listing.

Another $95 M. Apartment in Manhattan? Yawn.

It’s a little embarrassing, really. A day after 15 Central Park West announced its $95 million listing, 50 Central Park South had to go and announce that it also had a $95 million listing. And they’re even on the same floor (the 35th). But we’re sure that the owner at the Ritz-Carlton had been totally planning to list the apartment for, like, months now, so like, whatever 15 Central Park West.

Anyway, the big takeaway  is that there are now two $95 million apartments on the market, in addition to a $100 million apartment at CitySpire, not to mention the One57 penthouse that sold for somewhere north of $90 million—maybe $95 million!

Because this is the new reality of the trophy property market in Manhattan, as The New York Times, who first reported the listing, claims. Or at least, it is the old reality of really rich people who want to be even richer people and are hoping that slapping a $95 million price tag on their apartment will make it a $95 million apartment. Read More

Stratospheric Sales

Howard Marks $50 M. apartment and the Ritz's big hope.

Putting On the Ritz-Carlton: Has Its Moment In the Sun Finally Come?

Let’s face it: prices at the Ritz-Carlton, while resplendent, pale in comparison to the blindingly spectacular sales at buildings like 15 Central Park West and the Plaza. But with the $70 million Steve Wynn buy behind it and a new $50 million listing, The Wall Street Journal asks: is the Ritz ready to rise again?

It’s not as if the building has been doing shabbily or anything, but it hasn’t been the brightest star in the sky, The Journal notes. Built in 1930 as the Hotel St. Moritz, it’s lost some of the luster it once had and its debut on the luxury market was less than stellar. The condo conversion finished shortly after Sept. 11, and then the building got kind of eclipsed by the Time Warner Center and 15 Central Park West. Read More

Lifestyles of the Rich and Famous

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Did Steve Wynn Buy His $70 M. Ritz-Carlton Duplex for a Hometown Advantage in Casino Competition?

It appears that casino kingpin Steve Wynn did indeed buy   Christopher Jeffries’ dazzling duplex at 50 Central Park South with more in mind than great closet space and Central Park Views.

It looks like he may be angling for a little resident respect when he vies for one of the state’s new casino licenses. And we thought he was still smarting over the loss of his old place at the Plaza! 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

Stratospheric Sales

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Puttin' on the Ritz

The Weill Deal! Millenium’s Christopher Jeffries Wants $77.5 M. for His Central Park West Duplex

The fallout—or is it fall-up?—from Sandy Weill’s $88 million penthouse sale at 15 Central Park West continues to reverberate through the upper echelons of Manhattan real estate. Gary Barnett decided to up the price of his penthouse at One57 into the nine-figure realm, sellers at 15 Central Park West are going gaga with their own homes and now an almost-as-rich-as-Weill’s apartment has come on the market on the south side of the park. Read More