Nederlander Buys at 838 For $13.47 Million


838 Fifth.

Speaking of 838 Fifth Avenue, another ritzy apartment in that building–one floor above Thomas Sandell’s–is now changing hands.

Investor Michael Price recently sold his 4,500-square-foot apartment to Broadway producer James Nederlander (senior!) for $13.47 million, according to deed-transfer records.

It’s a nice chunk of change for Price, who already owns Read More

Face-Lift for Versace! (Not Donatella …)


5 East 64th Street.

In 2005, six Manhattan townhouses sold for over $20 million, with one of the most notable being the former home of the late Gianni Versace, at 5 East 64th Street.

Last September, The Observer reported that investor Thomas Sandell had purchased the five-story mansion for $30 million, through a Read More

Lily Safra’s Apartment Being Flipped by Investor for $6 M. Profit; Plus, Ex-Mr. Griscom Gives $6.8 M. Botswana Mission a Face-Li

For a luxury residence that is still being “delivered new,” the ninth-floor condo apartment at 838 Fifth Avenue has certainly been around the block—and now it’s back on the market for $19.75 million.

In 2002, billionaire widow Lily Safra was trying to sell a couple of her tony properties: an 18-room co-op at 820 Fifth Read More

In This Week’s Observer

Matthew Schuerman finds that Goldman Sachs is close to getting an agreement to receive a penalty fee if they’re not satisfied with security measures at the new World Trade Center site: “According to two officials involved in the negotiations with the investment bank Goldman Sachs to build a new $2 billion headquarters adjacent to Read More