Long Island real estate scion Steven Klar was obviously not having much luck offloading his massive, octagonal condo at CitySpire Center with Douglas Elliman. The much-maligned “trophy” vanished from the market in January, when Mr. Klar dumped the brokerage—a win for Elliman?—and decided to lick his wounds for a few months and/or get fired up for another try.
At $100 million, more than any home in New York City has ever sold for, the price was widely mocked. Why, people asked, would Mr. Klar think he could best One57′s penthouses, which have reportedly entered into contract for more than $90 million, in a late ’80s building and a unit that he bought for only $4.5 million in the early ’90s (and hasn’t renovated since)? Read More