The Real Deal New York

Posts Tagged ‘brooke astor’

  • The exterior of 863 Park Avenue and the interior of the penthouse

    On Park Avenue, a triplex penthouse that’s been in the same family for more than a century has come on the market.

    The co-op spread is one of just 23 apartments at 863 Park Avenue, a pre-war building constructed in 1906 by developer William Taylor. The home is owned by the estate of the late Helen Scholz, the step-daughter of socialite Brooke Astor and widow of composer Ernest Schelling. [more]

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  • Brooke Astor and 778 Park Avenue

    The contents of Brooke Astor’s homes in New York City and Westchester fetched approximately $18.8 million — nearly as much as the heiress’ Park Avenue duplex itself. Business Week reported on the two-day auction, held at Sotheby’s.

    Nearly 95 percent of the paintings, jewels and books on offer found a home during the auction, the proceeds of which will go to Astor’s favorite charities, including the Metropolitan Museum of Art. All of the pieces had been contained within her Park Avenue duplex and Holly Hill country estate in Briarcliff Manor, N.Y. The heiress died in 2007 aged 104. [more]

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  • The third floor of 1107 Fifth Avenue, a 4,000-square-foot co-op with a 4,000-square-foot terrace, just hit the market for $29.5 million.

    The 10-room apartment, at 92nd Street, is the top floor of what was originally the Marjorie Merriweather Post triplex, which was New York City’s largest apartment when it was built, in 1926, at 54 rooms, according to the listing. One of America’s earliest notable heiresses, Post was the first woman to sit on the board of a major corporation — General Foods. [more]

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  • The 64.5 acre Westchester County estate of Brooke Astor, known as Holly Hill, has sold for $6.45 million, according to a press release from Coldwell Banker Residential in Westchester, who represented the buyer.

    The new owner intends to live in the circa-1927 stone mansion at 298 Scarborough Road, in Briarcliff Manor, N.Y., according to Tracy Isaacs of Coldwell, who represented the buyer. Isaacs described the buyer as “a family from the Westchester area who intend to restore it and live in it.” Officials and residents in the Westchester town 30 miles north of New York City were pleased that the sale was not to a developer intent on carving up the ample land.

    The estate went on the market three years ago and was first listed at $12.9 million, as was previously reported. – Guelda Voien[more]

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  • Zygmunt Wilf, principal owner of the Minnesota Vikings and a real estate developer, has purchased a $19 million co-op on the Upper East Side in cash, the New York Observer reported. Unfortunately, he made the political mistake of asking for millions in tax breaks for a new stadium for his flailing team in the same week.

    Across the Internet, Wilf is getting slammed for splurging on a new pad while asking for subsidies from taxpayers for a new stadium in St. Paul, M.N. “Pro Tip: Don’t buy a $19 million home while begging the public for hundreds of millions in stadium subsidies,” one former fan tweeted, according to the Observer.

    Wilf and his wife will soon settle into a four-bedroom, 4.5-bath full-floor co-op at 778 Park Avenue, between 73rd and 74th streets, the Observer said.
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  • 778 Park Avenue and Brooke Astor

    The late Brooke Astor’s apartment at 778 Park Avenue has been sold for $21 million, about 50 percent less than its original 2008 asking price of $46 million, the New York Post reported. The buyer is an unnamed New York-based businessman.

    “He is not a boldface name,” according to a source, who added that the buyer will likely pay an additional 3 percent “flip” tax towards the co-op board’s reserve fund.

    The co-op board at the building, between 73rd and 74th streets, had previously rejected prospective buyer Donald Forcart, a Swiss investment manager, for the unit. … [more]

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  • Brooke Astor and her 778 Park Avenue duplex
    The buyer trying to scoop up Brooke Astor’s 778 Park Avenue duplex for a massively discounted $19.9 million, has been rejected by the building’s co-op board — twice. Sources told the Observer that the buyer, reportedly Swiss investment manager Daniel Forcart, is nonetheless coming back for more, hoping to convince the Upper East Side gatekeepers to let him move in. But brokers said a change of heart seems unlikely for one of the city’s most exclusive co-op boards, rumored to have turned down a different buyer for the 14-room spread in the fall. The apartment, originally listed for $46 million, is notorious as the place where Astor’s son, Anthony Marshall, allegedly confined her as he attempted to pilfer her fortune. … [more]

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    The penthouse at 812 Park Avenue

    A 15-room penthouse triplex at 812 Park Avenue is in contract for less than half of its original asking price.

    Financier Gordon Pattee and his wife first listed their home in the white-glove co-op for $36.5 million in 2007, at the height of the real estate boom. After several rounds of price cuts, the price was finally chopped to $15.9 million, and the listing is now in contract, according to Streeteasy.com.

    Brokers familiar with the building, located between 74th and 75th streets, said the sale price is likely between $13 and $14 million.

    The Pattees’ five-bedroom, seven-bathroom apartment spans the 13th, 14th, and 15th floors of the building, according to the listing, a co-exclusive between Brown Harris Stevens’ Caroline Guthrie and Bunny Goodwin of Sotheby’s International Realty. … [more]

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  • For New York City real estate, 2010 in many ways marked a return to normalcy after the tumultuous aftermath of the financial crisis. As the ubiquitous real estate appraiser and Miller Samuel CEO Jonathan Miller put it: “it was a year of a sense of relief.” City home prices stopped their freefall and sales activity improved considerably from the post-Lehman doldrums. Stalled condominium projects like the Sheffield and 1 Rector Park re-started sales. Mexican billionaire Carlos Slim bought Tamir Sapir’s Fifth Avenue townhouse, the Duke Semans mansion, for $44 million. As the unspoken taboo on ostentatious spending faded, a number of high-end residential properties changed hands at the end of the year, including Brooke Astor’s 14-room duplex at 778 Park Avenue, which finally sold after two years on the market (albeit for a significant discount from its original asking price). Japanese retailer Uniqlo snagged 89,000 square feet at 666 Fifth Avenue’s former Brooks Brothers space for a record $300 million, demonstrating that retail is still thriving along the posh shopping corridor.
    But the economic downturn continued to make its presence felt. The office market remained uneven and troubled lender iStar Financial fought to stave off bankruptcy amid lingering fears of a double-dip recession.
    Here are The Real Deal staff’s picks for the stories that most altered the New York City real estate landscape in 2010, in alphabetical order. … [more]

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  • Brooke Astor and her home at 778 Park Avenue

    Brooke Astor’s 14-room duplex at 778 Park Avenue, once listed for $46 million, is now in contract “in the high teens,” sources told the Post. The apartment, which takes up the 15th and 16th floors of the Rosario Candela-designed building, has been on the market since Astor died in 2007 — most recently, for $24.9 million. But despite the commitment from this mystery buyer, the Astor estate is said to be “simply dying to get another bid” and is still giving tours of the home to interested buyers in the hopes that they’ll crack the $20 million threshold. … [more]

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  • Brooke Astor’s Holly Hill estate is now available for less than $10 million after another price cut to the 21-room Westchester mansion, according to the Daily News. It’s still unclear who would get the proceeds of a sale of the 65-acre property, originally listed at $12.5 million. In the years before her death in 2007 at age 105, Astor’s son, Anthony Marshall, was convicted of stealing from his mother’s $185 million estate, which also includes her $24.9 million Park Avenue apartment,  but Marshall has yet to reach a settlement. Meanwhile, the Briarcliff Manor house, built in 1927 and now asking $9.75 million, is at least attracting lookers — “investors, developers and users and celebrities” — if no takers, according to listing broker David Turner of Houlihan Lawrence. [NYDN]

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  • Brooke Astor and her home at 778 Park Avenue

    Brooke Astor’s 778 Park Avenue duplex, near 72nd Street, once listed for an eye-popping $46 million, is now available for $24.9 million after its third price cut, the Daily News reported. Astor’s son, Anthony Marshall, who was convicted last year of stealing from his mother’s estate, has been trying to sell the 15th-floor apartment, which boasts 14 rooms, five fireplaces and six terraces, since Astor died in 2007. It is listed by Stribling & Associates’ Kirk Henckels — the Corcoran Group’s Leighton Candler had the original listing. The price, now nearly 50 percent off of its original, was first cut to $34 million, and then to $29 million last May. [NYDN][more]

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  • Famed Vanity Fair photographer Annie Liebovitz, who made headlines in 2009 both for her notorious photo shoot with tween celebrity Miley Cyrus and for her personal financial struggles, may have some equally high-profile buyers for her estate in Rhineback. David Bowie and his supermodel wife, Iman, are reportedly interested in the 220-acre property, for which Liebovitz is asking $11 million. The four-building barn complex used to be part of Brooke Astor’s estate, the Daily News reported. [NYDN]
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