Ritz-Carlton developer sells condo for $28M

TRD New York /
Aug.August 11, 2008 03:31 PM

The developer of the Midtown New York Ritz-Carlton sold his upper-floor apartment at the hotel-condo building for $28.5 million, about $5.5 million less than its listing price.

Christopher Jeffries, a founding partner of Millenium Partners, sold his 5,954-square-foot unit 29 at the building located at 50 Central Park South, between Fifth and Sixth Avenues, to an unidentified buyer. The four-bedroom unit was listed for $33.9 million on the Web site of brokerage Hall and McNaughton.

The sale to 50 CPS Apt LLC closed on July 31, according to property records published today.

Jeffries and his partners built the Lincoln Square complex adjacent to Lincoln Center, and later bought 50 Central Park South, known then as the St. Moritz Hotel, from Ian Schrager’s hotel company in 1999. It was rehabilitated and opened as the Ritz-Carlton New York in 2002, with luxury condominiums on the upper floors.

Jeffries married Princess Yasmin Aga Khan in 1989, the daughter of the late Rita Hayworth and the late Prince Aly Khan. They divorced in 1993.

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Akon and a rendering of Akon City in Senegal. (Credit: Getty Images and Hussein Bakri/BAD Consultant/Semer Group)

Inside Akon’s 2,000-acre crypto-city in Senegal

Is January the new April for real estate? (Credit: iStock)

Low mortgage rates could mean another hot winter in the housing market

Cheung Chung Kiu is no stranger to big real estate deals (Credit: Wikipedia)

Mysterious billionaire who bought $262M London mansion is obsessed with blockbuster real estate deals

(Credit: SimsWiki, Unsplash)

Welcome to affordable San Francisco! Here is your $1,000-a-month basement “sleeping pod”

Daniel Daggers is out at Knight Frank (Credit: Getty Images)

One of the UK’s top agents marketed a mansion like a US broker. He was fired