Having sold their place at River House in December for a paltry $10 million—about $9 million less than they would have liked—the wildly successful British novelist and minor noble Barbara Taylor Bradford and her movie-making husband Robert were rumored to be shopping for something a touch less opulent. (Uma Thurman was the lucky buyer of their much-discounted apartment.) But their tastes had not, of course, become so modest as to preclude them from focusing their hunt on Manhattan’s ritziest boulevard. And the 1929 co-op building at 975 Park Avenue, where the couple has just purchased a three-bedroom corner unit for $4.9 million, shares some of their former home’s old-world fussiness.
Lou Reed manager, facilitator of albums by the Who and Eric Clapton and breeder of the champion racehorse Zenyatta, Eric Kronfeld, a tough-talking lawyer and record executive, died last spring after a battle with cancer. He passed his last years comfortably, though, in a regal home eminently suited to a man of his prowess in matters both commercial and equestrian.
Sources tells us that the new owner of Mr. Kronfeld’s townhouse at 38 East 68th Street, which just sold at ask for $12.49 million after less than three weeks on the market, is a man whose professional concerns center on shipping and real estate. But he certainly spends like he can afford a polo pony or two. And Francis O’Shea, who held the listing at Leslie J. Garfield & Co., told us with a chuckle that the buyer felt no need of a big mortgage.
Heart and Sole
“Mice, rats and cockroaches — that’s part of New York living.” Read More
The shop, which was opened in 1932 by Vito Rocco, is being pushed off the block by an extension of its neighboring Duane Read. Read More
CHOCOLATES & CHEATERS
The two co-op buildings at 115 East 67th Street and 116 East 68th Street, the New York Times noted in 2011, are “covered with storks, monkeys, pelicans, owls, hounds and a particularly uncuddly set of rabbits,” carved from stone. (The rabbits do indeed seem to have been inspired by Donnie Darko rather than Peter Cottontail.) Built by John D. Rockefeller in 1930, the Milan House—a name the structures share—is connected by an Italianate garden at the buildings’ flanks, and is, the Times continued, “most civilized within,” despite wild exteriors. It was no doubt partially that air of civility that drew Robert A. Dupuy, the one-time COO and president of Major League Baseball, and his wife Edith to the building on 67th Street, where they lived in a duplex on the fifth and sixth floors. But perhaps they have grown tired of that stony menagerie, or maybe they’ve just wearied of New York winters, because the couple has sold the apartment for $5.77 million, according to city records, more than a tuppence short of their $6.75 million ask.
Do they know something we don’t? Read More
For many owners of Manhattan trophy properties, the purchase of a dream apartment represents a kind of crowning achievement—a commemoration of stunning success personal or, often enough, familial. For Ronald G. Harrington, however, the $23.419 million it cost to acquire the western penthouse on the 15th floor of the Brodskys’ 135 East 79th Street, wasn’t particularly onerous, nor did it constitute the most boast-worthy of his expenditures. The Harringtons are known in their native Ohio for philanthropy rather than flash, having donated upwards of $72 million to Cleveland’s University Hospitals. His donation to the Brodsky organization is of a different nature, of course, so we doubt that they will be putting Mr. Harrington’s name on the building. But given that he is one of the few among us that can, in earnest, say: “Been there, done that,” we don’t think he’ll be too broken up about it.
Mergers and acquistions
When the Qatari Prime Minister Sheikh Hamad bin Jassim bin Jaber Al Thani snapped up 21 Beekman Place for $35 million last June, just days before he left his post as part of a regime change in which the long-ruling emir Hamad Bin Khalifa Al Thani handed power over to his 33-year-old son, we thought we had seen the end of Qatar’s real estate shopping spree. After all, the sun-flooded East River townhouse was the second that the sheikh had bought in as many years—the first being Aby Rosen’s $48.5 million townhouse at 22 East 71st—and two townhouses seemed, at least to us, a bit excessive, even for a sheikh. Especially given that Qatar and its ruling family already possess an extraordinary amount of rarefied Upper East Side square footage. Most notably, a 45,000-square mansion at 7-9 East 72nd Street, which has the distinction of being the largest single-family residence in all of New York, as well as a 28-foot townhouse at 43 East 70th and diplomatic space at UN Plaza.
With three offices and 125 agents, Warburg Realty is hardly the sort of megafirm accustomed to snapping up other brokerages. In fact, up until today, when Warburg announced that it would be buying boutique brokerage Rubicon Property, it has never acquired another company. But Frederick Peters, president of Warburg, told The Observer that he was wouldn’t mind repeating the maneuver.
It looks like Dylan’s Candy Bar isn’t so sweet after all.
Employees at the Third Avenue shop staged a protest outside of the Upper East Side store five months ago, complaining that their wages were too low at just $8.50 per hour. They also told the management they needed stable full-time hours.
Thankfully, the Read More