The Real Deal New York

907 Fifth Ave. co-op board approves financier’s bid for Huguette Clark units

November 26, 2012 11:00AM

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From left: Frederick Iseman, 907 Fifth Avenue and Huguette Clark

The co-op board at 907 Fifth Avenue has approved Frederick Iseman’s $22.5 million bid to close on a property previously owned by late copper heiress and doll collector Huguette Clark, the New York Observer reported. Iseman, the head of private equity firm CI Capital, will take all of unit 8W and a slice of 8E.

The notoriously picky board had previously rejected Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani’s bid to buy and combine the two eighth floor units.

Unit 8W had a $19 million asking price and was listed with Mary Rutherfurd and Leslie Coleman of Brown Harris Stevens. Unit 8E, listed by the same pair with a $12 million ask, was taken off the market several months ago. Whether the remainder of 8E will return to the market is unclear, though the Observer says it’s likely.

Previous reports indicated that the co-op board did not want one buyer to hold such a large co-op share and that they did not want the Qatari leader’s entourage to disturb the peace and quiet in the building. [NYO]Zachary Kussin

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