The Real Deal New York

Blumenthal buys Trump International unit from former deputy mayor

May 02, 2012 01:30PM
By Katherine Clarke

From left: Former Deputy Mayor Robert Lieber, Stribling's Inez Wade, the interior of the 1 Central Park West unit and the exterior of the building

Having found a buyer for his six-bedroom unit in pre-war Fifth Avenue co-op 1030 Fifth Avenue last month, cellular communications mogul George Blumenthal has already found a new pad. Blumenthal has purchased a 2,094-square-foot, three-bedroom apartment at Trump International Hotel and Tower for $11.5 million, according to public records filed with the city today.

The seller of the unit, at 1 Central Park West, appears to be Robert Lieber, the city’s former deputy mayor for economic development, the records show. Lieber has since moved on to being executive managing director at C-III Capital Partners, the real estate services and investment firm operated by New York mogul Andrew Farkas. He purchased the unit for $7.25 million in 2007 and listed it for sale with Stribling & Associates broker Inez Wade in March. It sold for the full asking price. Lieber was not immediately available for comment.

The three-bedroom, 3.5 bathroom home has Central Park views from every room — a unique feature at 1 Central Park West — according to the listing. It features rosewood and koto wood cabinetry, as well as oak flooring.

The sale was the second highest priced by square foot in the history of the building, Wade said, and the apartment continues to have “huge investment potential.”

The sale of Blumenthal’s 6,000-square-foot unit at 1030 Fifth Avenue hit public records earlier this week for $31.5 million, as The Real Deal previously reported, $3.5 million less than the initial asking price.

Blumenthal could not be reached for comment.

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