The Real Deal New York

Central Park neighborhood news

  • Costas scores 15 CPW condo for $11M

    December 26, 2007 06:41PM

    Sportscaster Bob Costas paid just over $11 million for a condominium unit in the tony 15 Central Park West building, according to city records posted today. NBC and HBO sports host Costas and his wife Jill Sutton took title on Nov. 20, paying $11,017,000, the records showed. The building has been a sellout, attracting buyers such as former Citigroup head Sanford Weil, who paid $42.4 million for a penthouse unit.

  • Billionaire Developer John Catsimatidis could be a mayoral candidate. Along with real estate, his Red Apple Group includes the Gristedes markets and the United Oil Refinery.

  • Foreigners shore up office market

    September 20, 2007 01:18PM

    Foreign investors are offsetting the credit market’s effect on the Manhattan office market, which some analysts say will remain stagnant for up to 18 months. Wachovia Securities predicted commercial prices could drop from five to 10 percent, and sales could fall by 50 to 60 percent. Foreign investors are helping to keep the market afloat with big buys. Italy’s Risanamento recently paid $1,450 per square foot for an office condo at 660 Madison Avenue, the second-highest recorded price for an office building. Africa Israel Investments’ purchase of the old New York Times Building and Somerset Partners’ expected purchase of 450 Park Avenue have also boosted confidence in the office market. more[more]