Larry Gluck will always have the Paris. Or he’ll hold it for a while and sell. It depends on the market.
Gluck’s Stellar Management is in contract to spend $150 million on the 24-story, 175-unit former hotel, now a rental building, at 752 West End Avenue at 97th Street. The deal is expected to close next month.
The developer, who isn’t known for conversions, is likely to continue to renovate and rent units out. A handful of three-bedroom at the building units are listed for between $10,000 and $16,000 a month on StreetEasy. [more]