The Real Deal New York

Super broker Carrie Chiang sells her townhouse at a $1M discount

Investor Arthur Minerof buys brownstone for $8.8M

September 17, 2012 05:45PM
By Katherine Clarke

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Carrie Chiang and her former townhouse on West 74th Street

Top Corcoran Group broker Carrie Chiang has found a buyer for her Upper West Side brownstone, six months after she put it on the market for $9.8 million.

According to public records filed with the city on Friday, Chiang appears to have sold the 21-foot-wide property at 238 West 74th Street to New York-based real estate investor Arthur Minerof for $8.8 million. The buyer is listed in records as Milan Associates, an entity affiliated with Minerof, who also heads Franpearl Equities.

Chiang personally listed the property for sale in March with colleagues Janet Wang and Richard Phan, later reducing the price to $9.25 million. A few months later, she also put the home on the rental market for $35,000 per month. Both listings were pulled from the Corcoran Group’s website in July.

The 6,700-square-foot house has five bedrooms and 6.5 bathrooms, according to the listing. The house also features a 63-foot-long “great room,” a handcrafted staircase, and a terrace off the master bedroom.

Chiang paid $4.26 million for the brownstone in 2008 under the name THI Properties Ltd., according to public records. She does not appear to have lived in the property, and Chiang told The Real Deal in November that she has no plans to move from her condo at Trump Place, which she was given by Trump in 1991 after helping to sell 120 units at the tower.

Neither Chiang nor Minerof were immediately available for comment.

Minerof recently made headlines for refusing to allow construction workers from a nearby site onto his property at 126 West 23rd Street to install protective measures, prompting the owner of the neighboring property to file suit against FranPearl. The suit was settled last year.

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