The Real Deal New York

Hotel exec ditches 15 CPW for new Toll condo

By C.J. Hughes | September 17, 2010 12:30PM

Sam Bahdha and 303 East 33rd Street

Three days after turning a more than $4 million profit on the sale of his two-bedroom, 15 Central Park West pad, hotel executive Sam Bhadha signed a contract on a two-bedroom condominium unit at 303 East 33rd Street, the new 12-story condo in Murray Hill co-developed by Toll Brothers.

The seventh-floor corner unit, which has two bathrooms and is about 1,200 square feet, cost $1.3 million, according to the deed, which also listed the buyers as Bhadha’s wife, Skaila, and his daughter, Shanaya. The family closed on the condo July 29, according to public records published yesterday.

It’s a slightly more modest luxury condo purchase for Bhadha, the executive vice president of the Radisson Lexington Hotel and the Doubletree Metropolitan Hotel, who, with his wife, sold his 1,736-square-foot apartment at 15 Central Park West for $8.5 million June 1. The couple had purchased it for $4.23 million two years earlier, according to city records. The contract at 303 East 33rd Street was signed June 4.

The Murray Hill building, which is co-developed by the local Kibel Companies, promises “numerous green elements” on its website and claims it will be the first LEED apartment in Murray Hill, though it has not been certified yet, according to Maria Maloney, an assistant in its sales office.

With bamboo floors, recycled glass counters and Energy Star appliances, the building’s 128 units are 70 percent sold since January 2009, Maloney said. Cantor-Pecorella is handling the marketing.

A call left at the Radisson for Bhadha was not returned. The sales manager at 303 East 33rd Street said she would not comment on individual purchases.


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