One Madison Park

Despite recent rumors that One Madison Park was cleaning up with a $10 million single-unit payday for apartment 42A — a sale that would have come out to more than $3,000 per square foot — a city filing has come to burst that bubble. The scandal-plagued development at 23 East 22nd Street saw 42A go for just $6.31 million, Curbed said, citing city records, showing a less impressive $1,900 per square foot sales figure. The development, no stranger to controversy, has had a rocky sales record, with Brown Harris Stevens agents Wendy Maitland and Wilbur Gonzalez being replaced late last year by Prudential Douglas Elliman agent Tamir Shemesh. Later, the developers at One Madison Park became the target of lawsuits from several high-profile investors, including former Yankees chairman Harvey Schiller and Maitland, alleging that they had failed to pay back numerous loans and deposits. [more]

Top to bottom: Tamir Shemesh of Prudential Douglas Elliman, Wilbur Gonzalez and Wendy Maitland of Brown Harris Stevens. At right: One Madison Park

It looks like there may be some disagreement about who fired whom at One Madison Park.

Brown Harris Stevens said in a statement released to The Real Deal today that it terminated the contract at the luxury condominium building, not the developers, Ira Shapiro and Marc Jacobs.

“Brown Harris Stevens On Site Marketing and Sales has terminated its exclusive sales agency agreement for One Madison as of Nov. 20, 2009,” the statement said.

By contrast, the developers claimed through a spokesperson that their exclusive marketing contract with Brown Harris Stevens had expired, enabling them to bring on a new marketing firm, Prudential Douglas Elliman. Tamir Shemesh, a managing director
at Elliman, is handling sales at the project and is acting as a spokesperson for the developer.
[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.