A duplex apartment at 834 Fifth Avenue has been sold to developer Larry Heyman for $36 million in the priciest Manhattan co-op sale in more than a year, according to the Wall Street Journal. The Rosario Candela-designed building, at 64th Street, was once the home of Laurance Rockefeller, and now claims four of Manhattan’s 20 most expensive co-op sales. Its newest resident, a vice president at Heyman Properties, whose portfolio includes the Financial District’s 61 Broadway and other commercial properties in Westchester and Connecticut, is also the son of the late GAF Corp. chairman Samual Heyman. The seller was billionaire Leslie Wexner, who founded Victoria’s Secret parent company Limited Brands. Wexner is no stranger to record-breaking New York real estate– in 2000, he sold a townhouse on East 78th street for a then-record $31.5 million. Serena Boardman of Sotheby’s International Realty had the listing, while Brown Harris Stevens’ Nancy Elias represented Heyman in the deal. [WSJ]
Developer buys Wexner’s 834 Fifth Avenue co-op for $36 million
February 25, 2011 08:52AM
March 24, 2012 at 9:42 am, $5 million-plus co-op market strong in 2011, condo market weak « « TEAM3P TEAM3P said:
[...] The total number of $5 million-plus co-op transactions last year came to $1.4 billion, a 23.2 percent increase from 2010, the April 2011 Luxury Residential Report issued by Stribling indicates. The average sales price went up, increasing 3.4 percent to roughly $9.7 million in 2010. And the number of sales rose 19.2 percent to 143 from 2010. The highest price paid for a co-op last year was the $36 million sale at 834 Fifth Avenue. Billionaire Leslie Wexner, who founded Victoria’s Secret parent company Limited Brands, sold the duplex to developer Larry Heyman. [...]
March 24, 2012 at 3:27 pm, $5 million-plus co-op market strong in 2011, condo market weak – insiderater.com said:
[...] The total number of $5 million-plus co-op transactions last year came to $1.4 billion, a 23.2 percent increase from 2010, the April 2011 Luxury Residential Report issued by Stribling indicates. The average sales price went up, increasing 3.4 percent to roughly $9.7 million in 2010. And the number of sales rose 19.2 percent to 143 from 2010. The highest price paid for a co-op last year was the $36 million sale at 834 Fifth Avenue. Billionaire Leslie Wexner, who founded Victoria’s Secret parent company Limited Brands, sold the duplex to developer Larry Heyman. [...]
March 24, 2012 at 4:15 pm, Stribling & Sssociates | Kirk Henckels | Co-Ops said:
[...] The total number of $5 million-plus co-op transactions last year came to $1.4 billion, a 23.2 percent increase from 2010, the April 2011 Luxury Residential Report issued by Stribling indicates. The average sales price went up, increasing 3.4 percent to roughly $9.7 million in 2010. And the number of sales rose 19.2 percent to 143 from 2010. The highest price paid for a co-op last year was the $36 million sale at 834 Fifth Avenue. Billionaire Leslie Wexner, who founded Victoria’s Secret parent company Limited Brands, sold the duplex to developer Larry Heyman. [...]