Lucky Lazarus: 834 Fifth's Newest Neighbor Finds Sutton Place Buyer

Lazarus “Larry” Heyman has a thing for Rosario Candela.

In December, he purchased the coveted-if-over-priced Wexner duplex at 834 Fifth Avenue. Not quite as grand—nine rooms versus 16—is the home he left behind, which occupies the entire fourth floor of 25 Sutton Place North. All the same, both are Candela showpieces.

While it took the Wexners more than two years, and a price cut of $60 million to $34 million, Mr. Heyman—a developer and son of buyout king Samuel Heyman—has had to be far less patient or generous in selling the father’s old co-op. It came on the market for $6.7 million on Feb. 2 and had found a buyer by March 30, according to StreetEasy.

Now it has sold for $6.15 million, a freshly filed deed from May 26 shows. That would be a discount of 8 percent, compared to the 43 percent price-chop made by the Wexners. The buyers are listed as Joel and Sarah Montgomery.

“Within this elegant 1928 Rosario Candela apartment building, with just one home per floor, in the serene enclave of Sutton Place, is a nine-room beauty,” write Nancy Elias and Anne Winter in their Brown Harris Stevens listing. “With exposures from four directions it is bright and inviting.” The three-bedroom home boasts a fireplace in both the library and corner living room and a total of 16 closets. The home is decorated in demure ochres and tans that belie a modern renovation of fancy appliances and surround-sound speakers.

Mr. Heyman is not the only 834 Fifth resident to have called 25 Sutton home–sort of. Anna Murdoch Mann sold her 10th-floor spread here last year for $6.25 million.

mchaban [at] observer.com | @MC_NYC

Lucky Lazarus: 834 Fifth's Newest Neighbor Finds Sutton Place Buyer