The Kid Stays Out of the Co-op! Board Nixes Another Buyer of Charles Evans’ 895 Park Triplex

By the time he died two years ago, the Tootsie and Showgirls producer Charles Evans, brother of Bob, had been married four times. His 14-room, four-bedroom triplex penthouse at 895 Park Avenue is having oddly similar troubles.

This month, according to a source, the building’s co-op board turned down a buyer who had signed a contract for at least $14 million, marking the third consecutive time that a deal for the penthouse, where there’s a wet bar off the 23-foot-long media room and another bar off the first-floor gallery, has been foiled.

In this case, the would-be buyer was a widowed financier. “It was not a nice thing that the board did,” the source said.

The apartment was first listed for $29.5 million in October 2007, and was in contract within a month. But the board-approved buyers, a hedge fund type and his wife, walked away from that deal because of their divorce, leaving a multimillion-dollar deposit behind.

By the end of March, a second couple was in contract for just under $25 million. But they were rejected by the building, where the co-op president is developer Dan Brodsky, a real estate heir who’s belonged to the boards of the Met, the American Museum of Natural History, the New York City Ballet, the Municipal Art Society and N.Y.U. He did not return calls to his office.

A source said this week that those rejected buyers were Ricky Sandler, the multibillion-dollar hedge fund manager, and his wife. They ended up buying a $19 million co-op up the block.

After their rejection, the penthouse’s price fell to $25 million, then $20 million, then $15.5 million in March. A few weeks later, the deal with the widow was struck.

“Maybe they don’t want young hedge fund people who made money really fast,” the source said about the building’s board. “I think they really want people who are settled.” Even so, about a half-dozen letters of support had been sent on the buyer’s behalf. “Not from Michael Bloomberg”—The Observer reported last month that a call from the mayor couldn’t get real estate executive Jeff Blau into posh 820 Fifth—“but heads of boards of really good buildings.”
The Kid Stays Out of the Co-op! Board Nixes Another Buyer of Charles Evans’ 895 Park Triplex