Manhattan Transfers

9 Photos

A grand gallery, among many features.

Real Estate Scion Buys Gallerist Nathan Bernstein’s 998 Fifth Duplex

Jordan Pantzer has handled more than $8 billion in real estate transactions since joining his family’s Jersey-based development firm, Pantzer Properties. So while $16 million might seem like a lot to pay for a home, to Mr. Pantzer, it’s peanuts.

That is what he and wife Marcie paid for a 14-room duplex at stately limestone beauty 998 Fifth Avenue, according to city records. Proving his real estate chops, Mr. Pantzer got a deal on the place, which came on the market way back in September 2007 for $25 million. The price finally came down in April of last year to $19 million, though that was still too much. Read More

Manhattan Transfers

Terrace topped 101 CPW. (Flickr

Centerbridge Bridge Boss Jeff Aronson Buys Stress-Free Central Park West Roost

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. Read More

Manhattan Transfers

Owen Laster

Lit Agent’s Tome-Heavy Home Sells At Sutton Place

Named by The New York Times as “one of the most powerful literary agents of his generation,” Owen Laster was an old-guard bookworm who spent his entire career at William Morris. Having worked with such literary luminaries as James A. Michener and Gore Vidal, Laster was a fixture in the book world for decades until he retired in 2006. Not surprisingly, the New Jersey native lived in a book-crammed co-op on Sutton Place, which his estate just sold. Read More

Manhattan Transfers

The Sherry Netherland at 781 Fifth Avenue

Fitness King Power Lifts $7 M. On Fifth

Roy F. Zurkowski was one of the lucky few in the world who was able to make millions off precisely what made him most happy: fitness. In the ’80s, Mr. Zurkowski became one of the original iron-pumping kingpins, cashing in on the wave of Regan-era health consciousness sweeping the nation. By 1983 all his clubs were purchased by Bally Manufacturing Corp, thus beginning the Bally empire.

Mr. Zurkowski passed away in November 2010, leaving behind a gym-sized home at the Sherry Netherland. That co-op has just sold for $7.1 million, city records show. Read More

Manhattan Transfers

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frick-house3

The Frick’s Sick $6 M. Penthouse

In terms of real estate, the Frick Collection occupies one of New York’s most enviable residences. The museum, housed in Henry Clay Frick’s former mansion at 1 East 70th Street, represents a largely bygone era when New York’s industry titans lived like kings in lordly city estates. Unbeknownst to most, however, the Frick Collection was, until very recently, in possession of another abode: a Park Avenue penthouse.

While the apartment cannot be compared to the Frick’s primary homestead, it is a substantial home nonetheless. The two-bedroom, two-bath penthouse sits atop 1112 Park Avenue, a pre-war co-op at the corner of 90th Street—making it just two blocks from The Guggenheim, it so happens. Read More

Manhattan Transfers

Victoria and Jon Patricof

Filmic Finance Scion Buys on Park

While his father, Alan Patricof, may be one of the world’s most renowned investors, Jon Patricof chose a different professional path from the patrician patriarch. As the COO of Tribeca Films, the younger Mr. Patricof spends his days crunching cinematic figures and yucking it up with Robert De Niro.

Still, he has managed not to stray too terribly far from his ilk. Mr. Patricof and his wife, Victoria, have just purchased a seven-figure apartment at 755 Park Avenue, just four block from his mother and father’s longtime New York digs. Perhaps they could not find a Tribeca loft to their liking. Read More

Manhattan Transfers

Paul Tagliabue

Former NFL Commissioner Paul Tagliabue Punts on Park Ave. Penthouse

Former NFL commissioner Paul Tagliabue, one of the sport’s most beloved besuited figures, is doubtless gearing up for playoff season as we speak: stocking cabinets with game-day snacks, filling the fridge with the requisite suds and handpicking the perfect avocados for his signature homemade guac.

By the looks of it, none of these pregame preparations will be taking place at his Manhattan apartment. According to city records, the gridiron honcho has sold his Park Avenue penthouse. Read More

Manhattan Transfers

Clarissa and Edgar Bronfman

Edgar Bronfman Jr. Loves His Wife to the Tune of $16 M.

Edgar Bronfman Jr. announced yesterday that he was stepping down from his position as the chairman of Warner Music Group, effective January 31. Turns out he is stepping down from his perch at 812 Park Avenue, as well.

According to city records, Mr. Bronfman has transferred sole control of the triplex penthouse to his wife Clarissa Bronfman, with whom he bought the home in May for $16 million. Read More