The Real Deal New York

Full floor at exclusive Fifth Avenue co-op available for $30 million

January 20, 2012 05:07PM
By Guelda Voien

2 East 67th Street

The third floor of one of Manhattan’s premiere pre-war co-ops, 2 East 67th Street, appears to have been re-listed today with an asking price of $30 million, $8 million less than in 2009, according to Streeteasy.com.

The five-bedroom, five-bathroom unit was last listed by Greek pharmaceutical executive Athanase Lavidas, according to published reports. In 2008, the Fifth Avenue co-op was asking $43 million, and since that was not too long after Jonathan Tisch, the Loews Corporation co-chairman, famously dropped $48 million for the 11th floor of the grandiose building, that price might not have been unreasonable. In 2009, the price was chopped to $38 million, Curbed reported. As no relevant sales for that building appear in city records, it appears the Greek baron is the seller of the unit.

Calls to listing brokers Serena Boardman and Pauline Evans of Sotheby’s International Realty were not immediately returned.

In 2010, Eduardo Safra, an heir to a global banking fortune, bought a pair of adjacent units on the fourth floor of the building for $18 million, according to previous reports. This disrupted the possibility, which published reports pointed out in 2008, of one buyer nabbing floors three through five in the co-op, a move some speculated would appeal to a buyer but not to the board at 2 East 67th Street. In 2008, the asking price for the combined floors was $117 million.

But the glamorous building is also known for it’s tough co-op board. In 2008 the New York Post listed 2 East 67th Street’s board as one of Fifth Avenue’s “most powerful,” and called then-board President Arthur Carter, the original publisher of the New York Observer, “The Punisher.”

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