The Real Deal New York

Socialite relists Fifth Avenue maisonette for $23M

January 05, 2012 04:00PM
By Katherine Clarke

Nancy Sale Johnson Rashad and husband Ahmad Rashad

Socialite Nancy Sale Johnson Rashad, the ex-wife of Jets owner Woody Johnson and mother of the late socialite heiress Casey Johnson, has relisted her apartment at 817 Fifth Avenue with Ilan Bracha of Keller Williams NYC for $23 million, according to data from Streeteasy.com.

The five-bedroom apartment, which was previously listed with the Corcoran Group’s Leighton Candler in 2010 for $21 million, has five bedrooms, five-bathrooms, two wood-burning fireplaces and a lower-floor vault. It is configured as a triplex maisonette with nearly 7,000 square feet of living space on three levels.

The price hike is due to the currently hyperactive market for high-end condos, especially on Fifth Avenue, Bracha said, referencing the recent reported sale of Sanford Weill’s 15 Central Park West apartment for $88 million.

“It’s priced well to what the product is,” he said. “It’s worth every dollar for 75 feet [on Fifth Avenue], [plus] the privacy of a townhouse. It’s really an original property.”

Bracha said Sale, which she is most often called, is selling the place because the apartment is “too big and she doesn’t need it anymore.”

As for the shift in marketing team, Bracha added: “[Corcoran] didn’t do anything wrong. People want a change; it’s the nature of the business. [Sale] was interviewing a few people and she felt comfortable that we could deliver.”

Sale had previously lived in an apartment at 834 Fifth Avenue, where her ex-husband still owns an apartment alongside other high-profile figures like multi-billionaire media mogul Rupert Murdoch, according to media reports.

Sale reportedly paid around $10 million for the 817 Fifth Avenue maisonette near her former home in August 2002, soon after her divorce. She then went on to marry NFL great Ahmad Rashad in 2007.

Past residents of 817 Fifth Avenue include actor Richard Gere and business magnate Steve Wynn.

 

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