The Real Deal New York

Former Coach exec lists CPW townhouse for $32M

April 20, 2010 03:49PM
By Sarabeth Sanders

247 Central Park West and listing broker Mara Flash Blum of Sotheby’s International Realty

The 13-room townhouse at 247 Central Park West, which broke an Upper West Side sales record when it last changed hands, is back on the market for another potentially record-breaking $32 million.

The 12,270-square-foot mansion, near West 85th Street, belongs to retail mogul Keith Monda, the former Coach co-president and chief operating officer, property records show. He bought it from Walt Disney’s grandniece, Abigail Disney, for $15.5 million in 2006 — at the time marking the Upper West Side’s highest-priced single-family townhouse sale to date. Currently, that title belongs to 26 West 76th Street, which sold for $19.3 million last month.

247 Central Park West

The five-bedroom, Edward Angell-designed spread is one of the few remaining single-family homes on Central Park West. Erected in 1887 by builder William Noble, the home would have been demolished in the 1920s and replaced with an apartment building if not for architect W. Gedney Beatty, who owned it at the time and refused to sell.

Among 247 Central Park West’s most noteworthy features today is an indoor, 60-foot lap pool, a domed skylight in the entry parlor and a roof terrace with views of Central Park. It also has an elevator, two offices, and two additional outdoor spaces.

The listing broker, Mara Flash Blum of Sotheby’s International Realty, declined to comment on the seller, but said the asking price reflects his renovations — including a new media room and gym — and the changing “vibe” of the Upper West Side.

“It’s no longer the stepchild of the Upper East Side,” she said. “Look at 15 Central Park West, the Apthorp, 535 West End Avenue.”

Blum declined to comment on why the owner is listing the property but stressed that he didn’t particularly need to sell it. “Maybe he won’t,” she added. “He really loves it.”

Monda was not immediately available for comment.

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