The Real Deal New York

15 CPW unit sells for $25M, $2.5M above ask

December 30, 2009 01:52PM

The seventh-floor apartment at 15 Central Park West owned by Credit Suisse executive Ravi Singh sold for $25 million, or $2.5 million above its most recent asking price.

Singh, a managing director at Credit Suisse Group, sold it to a buyer identified as CPW Park Views on Dec. 15 after going into contract in November, property records posted today show.

The sale price comes to $5,478 per square foot. Nancy Candib, senior vice president at Brown Harris Stevens, declined to comment on the sale.

While Singh did not obtain the high price he first sought in September 2008, when he listed the 4,563-square-foot unit for $32 million, the unidentified condominium unit buyer paid more than the most recent listing price of $22.5 million.

Singh bought the four-bedroom unit in March 2008 for $15.87 million. TRD

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