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.
When the storied Stanhope Hotel turned luxury condop in 2007, sales were sluggish, even in that pre-Lehman gilded age. After more than a year on the market, the grand duplex penthouse at the rebranded 995 Fifth Avenue did go into contract. Listed for $47.5 million, it sold to Claude Wasserstein (or Bruce, rather) Read More
The swanky Stanhope of yore has been cleanly reinvented as high-end residences, renamed 995 Fifth to further emphasize its Gold Coast address. Of the 26 condos in the conversion, all but one have sold: the full-floor, eight-bedroom, 8,300-square-foot-plus, 16th-floor spread listed for $28.5 million by Gumley Haft Kleier’s bi-generational triumvirate, Michelle Kleier and daughters Sabrina Read More