The Real Deal New York

Carlton head Howard Michaels sells Lucida home for $10.45 million

April 20, 2012 11:30AM
By Katherine Clarke

From left: Howard Michaels, CEO of the Carlton Group and the interior of 151 East 85th Street

Howard Michaels, chairman and CEO of international real estate investment banking firm the Carlton Group, has sold his 5,210-square-foot, seven-bedroom spread at the Lucida for $10.45 million, according to public records filed with the city this week. Michaels, who previously told The Real Deal that he splits his time Manhattan and Old Westbury with his wife, longtime Chuck Schumer fundraiser Jennifer Bayer Michaels, bought the apartment in 2010 for $9.37 million, records show. 

Michaels had planned to move into the unit from the Stanhope at 79th Street and Park Avenue in order to accommodate his expanding family — the executive had five children in 2008.

The unit is reportedly one of the largest apartments in the entire building — the lower floor consists of a massive living room, an oversized eat-in kitchen, a library and three bedrooms. Upstairs, there is a sprawling master suite with his and hers bathrooms and three additional bedrooms, according to the listing.

The apartment was sold to a foreign LLC named Agi Property, with an address at the law firm of Withers Bergman, records show. The identity of the LLC was not immediately clear and attorney Sandra Viana did not immediately respond to a request for comment.

Michaels was represented by Prudential Douglas Elliman’s Melanie Lazenby and Dina Lewis, according to Streeteasy.com. Carrie Chiang of the Corcoran Group represented the buyer, according to Lazenby, who was not available to comment further on the listing.

The Lucida, at 151 East 85th Street, is one of the highest profile condominium projects in Manhattan and is often a magnet for celebrities. Michael might even run into Latin crooner Ricky Martin in the hall. The singer is renting a $32,500 a month, five-bedroom condo unit in the building while in New York to play Argentine Marxist revolutionary Che Guevara in the Broadway revival of “Evita.”

  • turd.c.ferguson

    Lets hope the Lazenby and Lewis took their commissions out of the sale closing proceeds…otherwise they can kiss that payday goodbye.

  • thestraightener

    there is rumour that there are no sinks in the bathroom, since Howard never washes his hands afterwards anyway.

    I have seen this with my own eyes.

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