J.C. Flowers & Co., the firm of billionaire private equity giant and avid real estate speculator J. Christopher Flowers, is taking 18,134 square feet at the GM Building, The Real Deal has learned. The deal is one of many recent subleases at the iconic 767 Fifth Avenue property. [more]
Posts Tagged ‘j. christopher flowers’
The ex-wife of billionaire private equity giant and avid real estate speculator J. Christopher Flowers sold her tony Upper East Side co-op to another private equity exec and his wife for $16 million — a steep loss over the couple’s purchase of the home, according to records filed with the city today. [more]
Having recently forked out $20 million for a second floor-unit at 640 Park Avenue, billionaire private equity mogul J. Christopher Flowers may be trying to balance his books. Flowers, who founded J.C. Flowers & Co., has listed his six-bedroom, seven-bathroom spread at 66 East 79th Street for $18 million, according to Streeteasy.com. The price is $1 million less than what Flowers paid for the property in 2006. The unit is listed by Sami Hassoumi of Brown Harris Stevens, who was not immediately available for comment. [more]
High-profile art mogul Larry Gagosian has just closed on the Harkness Mansion, the more than 20,000-square-foot townhouse at 4 East 75th Street, for $36.5 million, the New York Post reported.
J. Christopher Flowers, the private equity magnate who, in 2006, logged the city’s priciest residential transaction ever with his $53 million purchase of the property, got serious about his search for a buyer for the townhouse in the wake of a separation from his wife last year.
In 2009, it was reported that Flowers, who had already put more than $4 million worth of renovations into the 114-year-old, 50-foot-wide mansion, wanted around $50 million for the home. Flowers bought the home from banking heir Jacqui Safra, who used to produce Woody Allen movies. [Post, 1st item]
J. Christopher Flowers, the private equity magnate who, in 2006, logged the city’s priciest residential transaction ever with his $53 million purchase of the Harkness Mansion at 4 East 75th Street, has gotten more serious in his search for buyers for the townhouse in the wake of a separation from his wife, according to the Wall Street Journal. Last year, it was reported that Flowers, who has already put more than $4 million worth of renovations into the 114-year-old, 50-foot-wide mansion, wants around $50 million for the home. But he may be unlikely to get even that, sources now say. … [more]
From the October issue: The ranks of Manhattan’s super-high-end listings may have shrunk over
the past year, but the city still boasts a number of properties with
sales prices north of $30 million. It’s no surprise that few of these mega-listings have traded in the
last year, with the global financial crisis paralyzing potential
buyers. But now, very high-end listings are beginning to generate
interest again, albeit at smaller price tags. (Case in point: Madonna’s
new $32.5 million Upper East Side townhouse, originally listed for $42
million in October of 2008). This month, The Real Deal looked at five of the city’s
priciest listings — some new, others market fixtures — along with
other noteworthy properties generating buzz this fall.