Absolute Return! Hedge Fund Founder Mitchell Julis Wants $26 M. for 15 CPW Pad, a 152 Percent Profit
With super high-end properties selling like hot cakes, Mitchell Julis and wife Linda clearly thought it was time to get into the action, putting their fourth-floor spread at 15 Central Park West on the market for $26 million.
And while their three-bedroom, 3.5-bath condo may not wow the broken-hearted buyers who missed out on the $52.5 million pad at 740 Park Avenue or the $40 million co-op at 2 East 70th Street, it could certainly be a nice consolation prize. Luxury buyers appear so desperate to fork over their cash these days, what won’t they buy?
And who would be a better judge of when to buy and when to sell than Mr. Julis, the co-founder of Los Angeles-based hedge fund Canyon Capital Advisors? Read More