Leroy Schecter and the floorplan of his 15 Central Park west pad
Metal mogul Leroy Schecter has slashed the asking price for his deluxe pad at 15 Central Park West. The Marino/Ware Industries chairman now wants $85 million — not $95 million — for his two-unit combo at the exclusive Upper West Side building, Curbed reported. [more]
Rothschild Mansion and Leroy Schecter
After trading hands in an anonymous $25 million deal early this month, the buyer of the Upper East Side’s Rothschild mansion has been revealed. According to the New York Post, steel magnate Leroy Schecter, 85, was the buyer and he is already planning a multimillion–dollar renovation of the building to convert it back into a single-family residence. [more]
15 Central Park West
The $88 million sale of a 15 Central Park West penthouse has fueled a storm of ambitious asking prices around the city, but nowhere is that more apparent than in the very building that apartment was sold.
Citing Streeteasy.com data, Bloomberg News reported that the four 15 CPW condominiums that hit the market since May have asking prices that represent a 192 percent premium over what owners paid in 2007 and 2008. Leroy Schecter recently listed his combination unit for $95 million, more than 3.5-times the $26 million he paid for them in 2008. [more]
Leroy Schecter, 15 Central Park West and Schecter's floorplan
Metal mogul Leroy Schecter is betting that by combining his two units in 15 Central Park West he can top Sanford Weill’s record sales price in the building. The Wall Street Journal reported that Schechter is combining his two units on the 35th floor, for which he paid a combined $18.9 million, and listing them for $95 million with Emily Beare of Core. [more]
Following the release of first-quarter residential real estate reports across the country, experts from some of the top markets appeared on CNBC (see video above) to discuss the findings. In New York, Prudential Douglas Elliman’s Dolly Lenz took to the screen, noting that the Manhattan market is bucking the trend seen in the rest of the country, with prices at the high end “holding quite firm.” As evidence, Lenz referenced a recent story from The Real Deal, which revealed that the owner of a 5,600-square-foot 15 Central Park West spread had pulled his $55 million listing from the market in order to renovate, rather than dropping the price or accepting a lowball offer.
Yankees slugger Alex Rodriguez has officially moved out of his blockbuster 15 Central Park West rental, but those hoping to snag his place are out of luck — at least until next year.
Leroy Schecter, the steel mogul who owns both A-Rod’s former unit and the one next door, and who has been trying to sell them for a combined $55 million since last March, pulled the listing from the market this week. Emily Beare, the Core broker in charge of marketing the 35th-floor condominiums on Schecter’s behalf, told The Real Deal that the owner is planning to physically combine the units in an attempt to generate higher offers…. [more]
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