Like the hands of a wristwatch, the price of Benny Shabtai‘s townhouse goes round and round. Circling from a $33 million high to a $17.5 million low, the townhouse is finally out the watch mogul’s hands.
Mr. Shabtai has transferred the ownership of his long-languishing home at 870 Park Avenue to his wife, Winick Realty Read More
Editor’s note: Cold Case is a new feature on the fates of New York’s oldest residential real estate listings.
It’s hard out there for luxury watch moguls with luxury Park Avenue townhouses. Benny Shabtai, the Raymond Weil executive, first put his 13-room townhouse at 870 Park Avenue on the market back in February 2004, Read More
Benny Shabtai, the president and owner of Raymond Weil U.S.A., the U.S. division of venerated Swiss luxury watch brand headquartered in Geneva, has decided to cash out of his opulent townhouse at 870 Park Avenue, which had been remodeled by the famed architect Robert A.M. Stern. On Feb. 25, Mr. Shabtai listed the 11,000-square-foot townhouse, Read More
HOUSE LEONARD STERN “BUILT” SNAGGED BY SWISS WATCH PREZ There’s really nothing Park Avenue about it: a four-story private house that started out as a stable, was modernized in 1976 by Robert A.M. Stern and John S. Hagmann and was rebuilt internally by the condominium king of architects, Costas Kondylis, after a fire in 1992. Read More
