By Kim Velsey 11/26/12 8:45am

Manhattan Transfers

Sold! The board has accepted Iseman's $22.5 bid to become the next owner of 8W.

Frederick Iseman Closes on Huguette Clark Spread for $22.5 M.

Looking to wow the board of 907 Fifth Avenue? A high-paying job in finance seems to be just the ticket.

The board has accepted Frederick Iseman’s $22.5 million bid to buy the park-facing eighth-floor apartment that belonged to late copper heiress Huguette Clark—one of the three in the building. Mr. Iseman made the bid in mid-summer, after the board reportedly blocked Qatari Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani’s move to snap up both of Clark’s eighth-floor apartments to create one the largest floor-throughs on Fifth Avenue. Read More

By Kim Velsey 8/22/12 1:35pm

Red Carpet Real Estate

The Sheik's next home? We'll know for sure when the moving trucks arrive.

Did the Qatari Prime Minister Buy Aby Rosen’s Townhouse?

Has the Prime Minister of Qatar finally found a home in Manhattan? The New York Post is reporting that after a seemingly endless search and several heartbreaking rejections Sheikh Hamad bin Jassim bin Jaber Al Thani has purchased Aby Rosen’s townhouse at 22 East 71st Street.

In some ways, it seems like a match made in heaven—the townhouse has been languishing on the market since 2008, when Mr. Rosen listed it for $75 million (the most expensive listing on the market back then, now it practically seems like a bargain)—and Mr. Hamad has been on a seemingly endless hunt for a Manhattan home. A sale would mean a happy ending for these two seekers. Read More

By Kim Velsey 8/02/12 7:20pm

Manhattan Transfers

clark

CI Capital Partners Private Equity Chief Frederick Iseman Bids On Huguette Clark Apartment

Huguette Clark’s eighth floor apartments at 907 Fifth Avenue, despite sitting empty for years while the late copper heiress took up residence in a hospital suite, may not be empty forever.

Frederick Iseman, the CEO and chairman of CI Capital Partners, has put in a bid of $22.5 million for one of the eighth-floor apartments belonging to Clark, The Observer has learned from sources familiar with the deal. The deal is awaiting co-op board approval. Read More

By Kim Velsey 7/02/12 10:49am

Stratospheric Sales

The Rebound.

Is the Qatari Prime Minister the Buyer of $90 M. Penthouse At One57?

You can’t always get what you want, but it seems that Qatari prime minister, Sheikh Hamad bin Jassim bin Jaber Al Thani finally got what he needed (and if anyone can be said to need a massive apartment, it’s a man with two wives and 15 children). After courting co-op board after co-op board, Mr. Hamad has finally found a home, according to the New York Post. And not just any home, but the $90 penthouse at One57, which is poised to set the record for most expensive condo ever sold. Read More

By Kim Velsey 5/23/12 3:15pm

Burdensome bequests

Only the dolls know the real story, and they're not talking (Sherry's Rose Cottage, flickr)

Huguette Clark Estate Goes After $44 Million In Gifts Given By Late Heiress

Let the battle begin! The cash has yet to come in on the sale of late copper heiress Huguette Clark’s Fifth Avenue 12th-floor apartment (in contract since April), but the fight over her fortune is already underway.

The executor of Clark’s estate has filed a legal petition asking the court to order Clark’s staff to repay the $44 million in gifts that she gave them on top of salaries, according to a story on msnbc.com.

Clark, who died at the age of 104 with a fortune of $400 million and no direct heirs, authorized many gifts from her vast estate over the years. After her death, distant relatives sued, claiming that her fortune had been mismanaged. Read More

By Kim Velsey 5/08/12 11:37am

Rejections

Too much of a hassle?

What Was the Co-op Board Rejection of Huguette Clark Bid Really About?

Did the co-op board at 907 Fifth Avenue  really hate the idea of making a full-floor apartment out of Huguette Clark’s two 8th-floor residences? Or do they just hate children?

Following our report yesterday that Clark’s mega-apartment sale fell through, reportedly because the board didn’t like the bidder’s plans to combine the units, the New York Post IDs the reason as too many kids. That’s a new one. Read More

By Kim Velsey 5/07/12 3:09pm

Manhattan Transfers

The deal that almost was

Huguette Clark Apartment Sale Falls Through After Board Rejects Combo Plan

The two apartments spanning the eighth floor of 907 Fifth Avenue will retain their lost-in-time, Butterfield 8 style for a little while longer. A bid on reclusive copper heiress Huguette Clark’s neighboring co-ops was rejected by the board.

A single buyer had planned to combine 8W and 8E, creating a massive full-floor apartment that would have been one of largest floor-through homes on the park, a source familiar with the deal said, but the co-op board nixed the plan to combine the units. Read More

By Kim Velsey 4/03/12 10:10am

Manhattan Transfers

Who could complain about all this space? (BHS)

Buyer Strikes Copper Vein: Huguette Clark’s 907 Fifth Penthouse In Contract

Despite its many reported anachronisms, the penthouse of reclusive heiress Huguette Clark did not stay on the market for long. Unit 12w of 907 Fifth Avenue has entered into contract in less than a month, according to the Brown Harris Stevens listing held by Mary Rutherfurd and Leslie Coleman.

The list price for the massive apartment that stretches the full length of Fifth Avenue and faces the park was $24 million, much less than many similar listings. The likely reason was that despite Clark’s careful maintenance of her many properties, the place definitely needed some work. Read More