Apartment 32C is situated in one of the towers of 15 Central Park West—a lofty, three-bedroom perch from which to view the city, although perhaps not so lofty as the asking price of $27.7 million.
Italian business bigwig Piofrancesco Borghetti, who serves as chairman of the board at Marbert Holding AG and a handful of other powerful companies, bought the spread for just $9.8 million in 2008, according to city records.
For a while there we were worried that living in Gilded Age splendor had gone the way of horse-drawn carriages and corsets, with everyone all agog over penthouse sky-mansions in shiny new buildings like One57. But it seems that some buyers can still appreciate a Fifth Avenue manse opening out onto the Park. After all, why have a floor-through when you can have seven floors?
The Observer has learned, through sources familiar with the deal, that the sprawling Gilded Age townhouse at 973 Fifth Avenue has closed for $42 million, setting the year’s townhouse record. (The all-time record still belongs to the $53 million Harkness Mansion, though Larry Gagosian bought it for a mere $36.5 million last year. The largest townhouse sale since was the $48 million deal for the Vanderbilt Mansion last May.)
The grand apartments at 15 Central Park West may appear to be the stars in the movie called New York City Real Estate, but really, the leading role is played by 15 CPW itself. At the limestone godhead, the normal rules of resale do not apply—this is the building where audacious asks are, apparently, always rewarded.
Take, for example, the latest triumph. Westside RE Properties LLC has purchased 37C, a three-bedroom tower apartment listed with Brown Harris Stevens broker Paula Del Nunzio for $23.35 million, not far below the $23.95 million ask.
Rivers of money continue to flow into the New York real estate market, swallowing up fabulous property after fabulous property in what seems to be a never ending flood.
The latest property to disappear from the market is the now under-contract townhouse at 26 East 73rd Street, listed with Brown Harris Stevens broker Paula Del Nunzio at $23 million.
In a flurry of house-swapping three years ago, at the height of the real estate mania, Edgar Bronfman Jr. traded a half-dozen properties with a total price tag exceeding $115 million, a spree that culminated in the fall of 2008 with his purchase of 117-119 East 69th Street for $28.5 million. The 40-foot-wide home Read More
Red Carpet Real Estate
If the mansions of Aby Rosen or J. Christopher Flowers do not offer the rich and fabulous enough of an opportunity to make a statement–they are asking $50 million and $40 million, respectively–how about a Gothic limestone castlette asking as much as both combined?
Brown Harris Stevens’ Paula Del Nunzio has just brought Read More
So much for West Village townhouses lagging behind their uptown neighbors. The 24-foot-wide converted carriage house at 40 West 10th Street has finally sold after nearly five years on the market for the stupendous price of $20 million. “It’s like you’re outside a little palazzo in Tuscany,” Brown Harris Steven super-broker Paula Del Nunzio Read More
On an August morning in 2008, to celebrate the 150th anniversary of Central Park, crowds lined up for hours to take a ride in a hot-air balloon 30 stories above the park’s southern end. Soaring above the trees, with a clear shot of the reservoir shimmering to the north and the midtown skyline to the Read More
It wouldn’t have been the biggest real estate deal of the year without at least a little drama.
When Tamir Sapir sold the majestic Duke-Semans Mansion across from the Met to Carlos Slim last summer, the brokers representing the seller, Brown Harris Stevens’ Paula Del Nunzio and Shirley Mueller, sued Sapir when the Read More
“Idealism is fine, but as it approaches reality, the costs become prohibitive,” saged conservative society scribe William F. Buckley Jr once said. True as that may be, something about the allure and glamour of Mr. Buckley’s former residence at 778 Park Avenue inspired idealistic expectations from real estate brokers and Mr. Buckley’s Obama-voting son, Christopher, Read More