The Office of the City Register lists as the recent seller of the $3.9 million 32nd-floor combination at 422 East 72nd Street one Stewart J. Rahr, the billionaire philanthropist who in 2010 sold Kinray Pharmaceuticals, which he’d grown from a small family business into the largest privately-held industry wholesaler in the country. But according to an October profile in Forbes, Mr. Rahr has since his May divorce from Carol Rahr—his wife of 43 years—been replaced with a hard-partying, fame-obsessed character by the name “Stewie Rah Rah Number One King of All Fun,” a figure clad habitually in bright yellow sunglasses who uses as a personal anthem Robin Thicke’s Blurred Lines and who owns a phone case that reads “I Love Ibiza.”
We imagine that the folks at city records might have been less than thrilled had Mr. Rahr requested that his lengthy new monicker be entered into their databases—though we suppose a Stewie Rah Rah LLC would have been acceptable—but it will most certainly be Ms. Rahr, anyway, who benefits from the sale, even if the condo can account only for a tiny portion of the Rahrs’ $250 million settlement.
What a sporting day, here in city records. Not only has former Padres and current Mets manager Sandy Alderson bought a new home, but fellow San Diegan Dean Spanos has sold his spread at the Trump Park Avenue. Mr. Spanos is the son of Alexander Spanos, a Greek-born real estate magnate who bought the Read More
This week’s Observer checked in on last year’s most lush listings: Of the 10 New York properties that were asking over $45 million in late 2008, only one has sold, and half have fallen off the market without a sale. “The timing was not good, so I didn’t get any offers,” said Victoria Shtainer, Read More
Late last month, the $51 million duplex penthouse at Trump Park Avenue quietly came off the market, a year after the Elliman broker Victoria Shtainer listed the 6,200-square-foot sprawl, and seven years since Mr. Trump bought the building. “We haven’t sold it,” Ms. Shtainer said this week. “The timing was not good, so I Read More
Until this week, when news broke that hedge fund manager John A. Griffin paid $32.25 million for a co-op at 1030 Fifth Avenue, New York’s 10 most expensive residential listings looked more or less doomed. The thinking went that none of the three townhouses and seven apartments, each asking (officially or quietly) over Read More
Three years ago, during a happier time in Alex Rodriguez’s marriage, the heavy-hitting Yankee third baseman bought a four-bedroom apartment (not counting the maid’s room) at Trump Park Avenue, that beautiful 79-year-old building at 59th Street and, well, Park Avenue.
But times have changed for Mr. Rodriguez, whose wife, Cynthia, accused him of "marital misconduct" Read More