The fallout—or is it fall-up?—from Sandy Weill’s $88 million penthouse sale at 15 Central Park West continues to reverberate through the upper echelons of Manhattan real estate. Gary Barnett decided to up the price of his penthouse at One57 into the nine-figure realm, sellers at 15 Central Park West are going gaga with their own homes and now an almost-as-rich-as-Weill’s apartment has come on the market on the south side of the park.
Christopher Jeffries, a founding partner at Millenium Partners, just listed his duplex condo at the Ritz-Carlton for $77.5 million, according to The Times, making it the most expensive apartment on the market—there is still a certain $90 million townhouse kicking around out there. Mr. Jeffries helped redevelop the old St. Moritz Hotel into the Ritz, and he took two floors for his own, including one that was the grand ballroom.
The jaw-dropping price for the home on the 30th and 31st floors is actually quite a deal. According to the Brown Harris Stevens listing, the home measures 10,882 square feet, which adds up to only $7,122 per square foot. That is $3,000 per less than either Mr. Weill asked or Mr. Barnett wants. Still, that size, along with the park and city views, leads the broker, Kyle Blackmon, to tell The Times that this is “an irreplaceable trophy asset.”
Sounds familiar? Why he is the broker who earned a record-setting commission for selling Mr. Weill’s place, of course.
More jaw-dropping? Mr. Jeffries only paid $20 million for the place in 2002, according to The Times. So while Mr. Weill managed to do well for himself, he merely doubled his money. Mr. Jeffries is hoping to quadruple his.
High-profile properties on the park are not always a sure thing, though. Who could forget the penthouses at the Plaza or 1 Central Park West, after all?