The Wall Street Journal once said of Jeffrey Aronson‘s Centerbridge Partners that its investment strategy“might well be termed one of extreme restraint.” The same cannot be said for his new Manhattan home, a massive co-op overlooking Central Park.
Mr. Aronson is known for his skill in investing in distressed assets, and he has frequently plays a waiting game, rather than get caught up in a bidding war or a bad investment. Too bad he did not pounce on this ninth-floor co-op at 101 Central Park West when it came on the market for two weeks in April of 2009. At the time it was asking $11.5 million, but Mr. Aronson and his wife Shari wound up paying $13.075 million instead, according to city records.
One reason to drop $6.25 million on this Upper West Side co-op? The views. Not just of Central Park, but of the Central Park reservoir as well. We’re guessing this Central Park West pad is the Manhattan equivalent of having an oceanfront property in the Hamptons (on a much less grander scale). The apartment itself isn’t anything spectacular, but it doesn’t need to be considering its location. The kitchen, though, is a bit of a mystery; the counters on either side of the oven look like temporary carts.
The square footage is a mystery, too, but the apartment has three bedrooms and the building features a gym and a children’s playroom (like they’ll need it with the park outside their front door). The listing says there is also “abundant closet space,” which we love.
Emily Senay and Avery Seavy must be Tolkien fans, as they have traded a three-bedroom in the Majestic for a four-bedroom in the El Dorado, those well-known two-towered co-ops 20 blocks apart on Central Park West. Not only has the couple upgraded their space but their views, as well, moving from the back of the Read More
Thirty years ago, John Lennon was gunned down outside his Central Park West home, so it stands to reason the Dakota would have decent security.
Apparently not, as Yoko Ono bumped into a Korean tourist who had snuck into the building to snap pictures on the roof. (It is pretty picturesque up there.) Read More
Red Carpet Real Estate
Tomorrow marks the 30th Anniversary of John Lennon’s death, and kicking off an undoubtedly suffocating media blitz, The Times has a nifty real estate story on what it was like living in John Lennon’s Dakota.
The article is full of reminiscence from the likes of Paul Goldberger (nobody liked Yoko), Roberta Flack (the love Read More
This week’s Observer profiles Nicholas S.G. Stern, son of the legendary Robert A.M., dean of Yale’s architecture school and the hand behind such recent cityscape notables as 15 Central Park West and the Brompton on East 85th Street. Mr. Stern the Younger has stepped out on his own in dramatic fashion, starting an architecture Read More
A Central Park West address conjures images of glamorous apartments that seem as if they were made solely for the purpose of watching the Macy’s Thanksgiving Day Parade. This weekend The Observer decided to check out what Central Park West had to offer, but we forwent the parade route and looked upward of 96th Street. Read More
Community Board 7 voted on Tuesday night to recommend a liquor license for a proposed bar at The Century at 25 Central Park West, at West 63rd Street, despite opposition from residents of the area.
The move comes with the stipulation that the bar and its managing partner, Greg Hunt, adhere to a list of 14 Read More
Last month, with wounds still fresh from the Leno-Conan carnage, the Post reported that despite Conan O’Brien‘s $45 million NBC buyout, the martyred Tonight Show host was quietly listing his duplex penthouse at the Majestic for $35 million, hoping, apparently, for a second buyout.
There hasn’t been much real-estate-related O’Brien banter since Read More
When the domed duplex penthouse at 285 Central Park West came on the market 15 months ago, the asking price was $16.5 million. Less than three weeks later the tag was down to $14.5 million, according to the listings Web site StreetEasy, which became $12,999,000 in September, $11.7 million in October, and then Read More