The Real Deal New York

Toll brother sells UES condo for $9M

September 10, 2008 12:21PM
By Adam Pincus

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Bruce Toll, vice chairman of Pennsylvania-based homebuilders Toll
Brothers, sold a four-bedroom apartment at 15 East 69th Street near Fifth Avenue for $9.7 million.

Toll, who founded the firm with his brother Robert, closed on the sale to Azaleia Glen Holdings on September 3, according to public records posted today.

The 3,023-square-foot unit is in the Westbury, a 17-story condominium building with 47 units.

Bruce Toll, who stepped down as president and chief operating officer of the company in 1998, bought a $26.95 million home in Florida in 2005.

The firm has been hit hard by the credit crunch and slump in home buying, reporting a loss in its latest quarter.

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