By Elise Knutsen 10:43am

Stratospheric Sales

Scott and Donya Bommer (Photo from Patrick McMullan)

Zeckendorf Sells to Hedgie Scott Bommer, Makes Even More than We Thought

Back in July, The Observer learned that William Lie Zeckendorf had found a buyer for his half of the old Wasserstein pad at 927 Fifth Avenue, which he had purchased for $29.1 million only seven months earlier. The purchase price was rumored to be as high as $34 million, well above the $31.5 million ask and a good explanation for why Mr. Zecekendorf might ever think of selling, given the quick turnaround. It turns out, the sale was even higher than that. Read More

By Max Abelson 9/02/08 11:14pm

Inside New York’s Biggest Co-op Deal!

Even though Tom Wolfe didn’t include 1060 Fifth Avenue in his canonical 1985 list of the most high-heeled, high-nosed, high-fenced Manhattan buildings, it’s the kind of co-op where the very proper, philanthropic financiers who are allowed to buy the most massively expensive apartments are, by silent decree, supposed to stay for at least a few Read More