After financier Robert Kramer and his wife, Susan, purchased a three-bedroom co-op unit at 993 Park Avenue for $3.95 million in 2000, they gut-renovated the home and redid the floor plan.
The renovation involved tearing down the walls of several small staff rooms to open up the kitchen and family rooms, putting in a new air conditioning system and expanding the master bedroom suite, according to the agent now charged with reselling the place.
It must have been quite the job for Kramer, a Fortress Investment Group alum who went on to co-found private investment firm Altitude Capital Partners, and his wife, because the eighth-floor apartment, unit 8BC, hit the market today for $9.25 million — more than twice what the couple paid for it 10 years ago.
“Very little was untouched” in the rehab, said listing agent S. Jean Meisel of Brown Harris Stevens, who also had the listing the last time around, when the Kramers bought it. Meisel would neither confirm nor deny that the Kramers own the co-op, but property records show that unit 8BC does, indeed, belong to the couple.
The Kramers were not immediately available for comment.
Interior pictures are not yet available and Meisel did not know the square footage of the apartment, so for the unconvinced, she promises the new, 140-square-foot closet — one of the largest she’s ever seen in a master bedroom — is worth raving about. “It would have been wonderful for ‘Sex and the City,'” she said.
The apartment also boasts a wood-burning fireplace, southern and western exposures and a library.
“It’s in excellent condition — as well it should be at this price,” Meisel said.