The Real Deal New York

Former Padres owner’s ex fails to flip $34M contract at One57

Rebecca Moores inked a deal to buy the apartment in 2013 but later tried to back out

December 01, 2015 01:20PM
By Katherine Clarke

Extell Development's Gary Barnett, One57 and John and Rebecca Moores

Extell Development’s Gary Barnett (credit: Studio Scrivo), One57 and John and Rebecca Moores

Another One57 buyer has struck out in the resale market.

Rebecca Moores, the ex-wife of Texas millionaire and former San Diego Padres owner John Moores, has failed to find a buyer to take over the contract for her pad at Extell Development’s pricey West 57th Street tower.

Instead, Moores, whose marriage to the baseball mogul ended in 2008, was forced to close on the 54th floor property for $34.4 million in mid-November, according to public records filed with the city Tuesday.

She first inked a deal to buy the unit in 2013 but, after finding that she preferred a larger unit on the 81st floor, she tried to flip the contract this spring. She still owns the higher-floor property, which she purchased for $55 million, records show.

Measuring 5,475 square feet, the 54th floor apartment has five bedrooms, 12-foot-high floor-to-ceiling windows and views of Central Park, Midtown and the Chrysler Building.

John Venekamp and Leslie Singer of Brown Harris Stevens had the exclusive listing.

Moores is just the latest in a string of buyers whose units have failed to meet expectations in terms of resale value.

The owner of a unit on the 62nd floor recently relisted his or her pad for just shy of $30 million, after paying nearly $32 million for it last year.  And, on the 65th floor, a buyer recently cut the price of a three-bedroom home by $3 million, bringing it to $32.5 million.

John Moores sold his controlling interest in the Padres in 2012 as part of a sale of assets triggered by the couple’s divorce.