Multi-million dollar homes on the market

TRD New York /
Jan.January 12, 2009 05:32 PM

A 13-room duplex at Rosario Candela-designed 960 Fifth Avenue, at East 77th Street, is now on the market for $32.5 million, according to Streeteasy.com. The 5,300-square-foot unit includes four bedrooms, five full bathrooms and private elevator landings on both floors. The apartment is owned by Palm Beach-based shopping center magnate Murray Goldman.

Leonard Steinberg, executive vice president at Prudential Douglas Elliman, said it’s impossible to know whether the unit will sell in this market, but that the kinds of high-end buyers who are looking right now might be interested. “The buyers who are willing to commit right now are the ones who are looking at the best of,” and The 960 Fifth Avenue unit could present an “opportunity to select the best of without having too much competition.”

“Two years ago, there might have been a feeding frenzy,” he said. But today, “you can think about it [and] take your time.”

Other units on the market with high-ticket prices include $42.4 million and $38 million units at The Plaza, a unit at 101 Central Park West, on the market for $25.7 million, and a $25 million unit at 15 Central Park West, according to Streeteasy.com. Streeteasy did show that The Plaza and 15 Central Park West units have seen price cuts.

Luxury apartments with unique features are still fetching high prices, Paula Del Nunzio, a Brown Harris Stevens managing director and senior vice president, said last week on CNBC.

The asking price for The 960 Fifth Avenue unit is nearly twice the highest sales price ever reached in the building. A 4,000-square-foot unit sold for about $16 million in 2005 or 2006, Steinberg said, and another unit for $16.5 million.

Eva Mohr, senior vice president of Sotheby’s and the broker for the unit, could not be reached for comment.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

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

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

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

Déjà vu: New home sales hit 14-year high in August

Déjà vu: New home sales hit 14-year high in August
Neiman Marcus at Hudson Yards and Geoffroy van Raemdonck (Getty)

Neiman Marcus exits bankruptcy $4B lighter

Neiman Marcus exits bankruptcy $4B lighter
Charles Rettig, Commissioner of the IRS (Getty)

Opportunity Zone rule change seeks to entice foreign investors

Opportunity Zone rule change seeks to entice foreign investors
Keith Gelb and Bill Walton with 63 and 67 Wall Street (Rockpoint, Google Maps)

Rockpoint Group settles alleged rent-stabilization violations for $5M

Rockpoint Group settles alleged rent-stabilization violations for $5M
CoStar CEO Andy Florance and CREXi founder Michael DeGiorgio (Photos via CoStar on YouTube; CREXi)

Back in court: CoStar sues rival over “massive” copyright infringement

Back in court: CoStar sues rival over “massive” copyright infringement
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...