Home sales around town
January 11, 2008 05:26PM
823 Park Avenue
Two 823 Park Ave. condos sell for over $11 million
Two condos have sold for over at least $11 million at 823 Park Avenue, which converted from a rental to a condominium in 2006. Joseph M. Oughourlian, co-founder of the hedge fund firm Amber Capital LP, bought a unit for $13.58 million. Another sold for $11.5 million to Kevin J. Corgan, formerly the head of high-yield bond trading at Morgan Stanley. Last month, New York Rangers star Brendan Shanahan closed on a condo there for $13.44 million. In 2004, Elliott Joseph of Property Market Group decided in 48 hours to buy the 13-story building for $61 million, knowing it would need another $20 million for its restoration and conversion to a condominium.
Condo at 279 Central Park West sells for $16.8 million
A condo at 279 Central Park West, a modern tower at 88th Street, has sold for $16.8 million, according to public records. The seller was Robert A. Jeffe, chairman of Deutsche Bank Securities' Corporate Advisory Group in the Americas. The buyer's name was not listed. Built in 1988, 279 Central Park West is one of few buildings in the city with curved-glass corner windows.
Philanthropists buy penthouse apartment at Trump Park Avenue
Philantrhopists Amnon Barness and his wife Caren Heller Barness bought a penthouse apartment at Trump Park Avenue for $12 million. The couple paid $2,881 per square foot for the 4,164-square foot unit. Amnon Barness founded the Handy Dan Home Improvement chain, whose executives went on to found Home Depot. TRD
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance or advertisements. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.
Comments
Mr. Real Deal
manhattan RE is like the Concorde of the real estate industry, I hope it never lands. if it does what will the dreamers dream of?
Comment #1 Posted By: Mr. Real Deal 01/11/08
Southside
I like the Concorde idea. With real estate being the second richest industry in New York, after finance of course, I don't see it landing for too long, if it does. And when it does land, there is enough vulture funds out there that will lift it back up.
Comment #2 Posted By: Southside 01/12/08