From left, Conan O’Brien, 115 Central Park West and Dolly Lenz

The co-op unit that NBC’s Conan O’Brien sold at the Majestic co-op building at 115 Central Park West, for close to its $29.5 million asking price, “had a quirky
layout,” said Dolly Lenz, the vice chairman of Prudential Douglas Elliman who brokered the deal, the New York Post reported. “But it was the big terrace — the southeast-facing terrace — that sold it.” That terrace is one of the apartment’s three private terraces, outdoor space which makes a difference when marketing real estate. According to the Wall Street Journal, the sale ranks as one of the biggest residential sales of the year so far in Manhattan. Lenz recently brokered another deal for an apartment on
Central Park West that boasted 4,000 square feet of outdoor space,
which sold almost the moment it went on the market for its full $13.9
million asking price. While outdoor space is often priced at about 25 percent of the price-per-square-foot of interior space, the terrace or roof deck can command a huge premium. “In this hectic city, having a place to go out and have a cup of coffee on, or a place
to take your dog, is the extra little special bit,” said Diane Ramirez, president of Halstead Property, which is marketing a 4,400-square-foot Upper East Side duplex penthouse co-op with 5,000 square feet of terrace and an indoor pool for $5.5 million. “It’s just a jewel factor.” [Post]

[more]

Conan O’Brien and the Majestic at 115 Central Park West

While Conan O’Brien’s short-lived “Tonight Show” career may be over, the rusty-tressed comedian doesn’t appear to be making a return to New York City any time soon. O’Brien’s penthouse apartment at the Majestic co-op at 115 Central Park West on the corner of 72nd Street is reportedly being placed on the market, quietly, for $35 million. The south-facing 17th- and 18th-floor duplex includes three separate terraces and park views.
[more]

Bill Ackman, CEO of Pershing Square Capital Management, and 115 Central Park West (building photo source: PropertyShark)

After announcing that his 19th-floor spread at the Majestic at 115 Central Park West had gone into contract, Pershing Square Capital Management CEO Bill Ackman must now sell his one remaining unit in the building, a 322-square-foot, one-bedroom, one-bathroom so-called “guest suite” on the 18th floor. Pershing purchased the modestly sized unit for $450,000 at auction in 2007, only to put the spot through a $250,000 renovation immediately afterward. Approximately two years and $700,000 later (not including the furniture, which includes a Sub-Zero fridge and flatscreen TV), Ackman has the unit back on the market with a $950,000 asking price. In a letter to other building residents, obtained by Curbed, the famed hedge funder said that he plans to wait for offers until Dec. 8, after which point he said he’ll auction off the unit himself and “will provide some excellent wines for participants.”

The unit to see the biggest price cut today is a four-bedroom, four-and-a-half-bath co-op at 115 Central Park West, according  to Streeteasy.com. The price of the 3,400-square-foot home, apartment 19A, was cut by $1 million. This is the home’s first price cut, and it is now listed for to $9 million, 10 percent less than its asking price of $10 million when it first went on the market in April. The apartment also includes a one-bedroom, one-bath guest suite. Prudential Douglas Elliman’s Marilyn Herskovitz has the listing. TRD