The Real Deal New York

Posts Tagged ‘j. christopher flowers’

  • J. Christopher Flowers and the GM Building at 767 Fifth Avenue

    J. Christopher Flowers and the GM Building at 767 Fifth Avenue

    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]

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  • From left: 66 East 79th Street, J. Christopher Flowers and the interior of the 14th floor unit

    From left: 66 East 79th Street, J. Christopher Flowers and the interior of the 14th floor unit

    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]

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  • 66 East 79th Street and J. Christopher Flowers

    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]

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  • From left: Larry Gagosian, the Harkness Mansion and J. Christopher Flowers

    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]

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  • 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]

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  • Trophy listings at lower prices

    October 22, 2009 03:45PM

    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.

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