Lifestyles of the Rich and Famous
For a lot of people, $455,352 is the kind of money that buys a nice house in the suburbs or a one-bedroom apartment in New York. But for some, it’s just the cost of annual maintenance fees on an apartment at one of the city’s hotel co-ops.
Paramount Pictures chairman Brad Grey drops a half-a-million dollars a year for the maintenance fees on his 3,000-square foot apartment at the Carlyle, The New York Times reports, which charges the city’s highest monthly maintenance fees of $10.23 per square foot. And he had to shell out $15 million to buy the apartment in the first place.
Sitting on the board of N.Y.U.’s Stern Business School, hedge funder Peter Schoenfeld knows a thing or two about economics: buy low, sell high.
Back in 2007, Mr. Schoenfeld and his wife Charlotte bought the the entire 26th floor of the storied Carlyle Hotel for $6.4 million from Allbritton Communications, the publisher of Politico. It was the height of the real estate boom, so you would think Mr. Schoendfeld had overpaid. Not so! According to city records, he has just flipped the property to none other than Hollywood power broker Brad Grey.
It might not be Eloise’s choice, but the Carlyle does have its perks beyond the mere cachet, including access to the hotel’s health center and spa, room service and laundry.
Perhaps that’s why Cuban-born, Florida-based businessman (and one-time Clinton pal) Paul Cejas, who recently sold his fifth-floor abode at peerless 834 Fifth Avenue to Read More
Leslie Uggams has been around, but at 67 the mileage doesn’t show. At the Carlyle, where she is tearing up the upholstery through April 17 in a new show called Uptown Downtown, she proves that if you take care of yourself, don’t smoke or sip even one drop of chardonnay, eat right, vocalize daily and Read More