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New York

Related’s Jeff Blau finds buyer for $35M co-op

Developer had re-listed the 1040 Fifth Avenue pad in October with CORE

From left: 1040 Fifth Avenue, Jeff Blau and Emily Beare
From left: 1040 Fifth Avenue, Jeff Blau and Emily Beare

Related Companies CEO Jeff Blau has found a buyer for his fancy 1040 Fifth Avenue co-op.

Blau listed the pad in October for $34.5 million with CORE’s Emily and Elizabeth Beare, according to the New York Observer. He originally listed the three-bedroom apartment with the Corcoran Group for $43 million in January 2014. He bought the unit in 2008 for $21.4 million.

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The apartment — inside the iconic, Rosario Candela-designed Upper East Side building — underwent a three-year renovation and includes 26 windows with Central Park views.

The Related Companies acquired a large stake in CORE last year, shortly before Blau re-listed his pad with the brokerage. [NYO] — Claire Moses

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COREJeff BlauRelated Companies