UES co-op board rejects Astor duplex buyer

TRD New York /
Apr.April 20, 2011 01:47 PM

Brooke Astor and her 778 Park Avenue duplexThe buyer trying to scoop up Brooke Astor’s 778 Park Avenue duplex for a massively discounted $19.9 million, has been rejected by the building’s co-op board — twice. Sources told the Observer that the buyer, reportedly Swiss investment manager Daniel Forcart, is nonetheless coming back for more, hoping to convince the Upper East Side gatekeepers to let him move in. But brokers said a change of heart seems unlikely for one of the city’s most exclusive co-op boards, rumored to have turned down a different buyer for the 14-room spread in the fall. The apartment, originally listed for $46 million, is notorious as the place where Astor’s son, Anthony Marshall, allegedly confined her as he attempted to pilfer her fortune. Astor passed away in 2007, and Marshall, who is appealing a 2009 court decision that convicted him of stealing millions from his mother, was said to be willing to sell the home for a steep discount in order to pay his legal fees. [NYO]


Related Articles

arrow_forward_ios
Estée Lauder’s executive chairman William Lauder and the 14th floor of 778 Park Avenue (Credit: Getty Images)

Estée Lauder chairman puts Manhattan home on market for $45M

Estée Lauder chairman puts Manhattan home on market for $45M
Seeing green: Pantone creator lists UES pad for $40M

Seeing green: Pantone creator lists UES pad for $40M

Seeing green: Pantone creator lists UES pad for $40M
32 contracts for $4M or more signed in first week of March

32 contracts for $4M or more signed in first week of March

32 contracts for $4M or more signed in first week of March
The apartment at 778 Park Avenue (Image c/o Streeteasy)

Full-floor apartment at 778 Park Avenue listed for first time since 1943; asking price is $22.5M

Full-floor apartment at 778 Park Avenue listed for first time since 1943; asking price is $22.5M
Park Avenue penthouse, new to market, has been in same family for 100 years

Park Avenue penthouse, new to market, has been in same family for 100 years

Park Avenue penthouse, new to market, has been in same family for 100 years
Fifth Avenue spread hits market for $29.5M

Fifth Avenue spread hits market for $29.5M

Fifth Avenue spread hits market for $29.5M
Placeholder image

Brooke Astor’s Westchester estate sells for less than half of original asking price

Brooke Astor’s Westchester estate sells for less than half of original asking price
Vikings owner/real estate developer Wilf draws ire for $19M UES co-op purchase

Vikings owner/real estate developer Wilf draws ire for $19M UES co-op purchase

Vikings owner/real estate developer Wilf draws ire for $19M UES co-op purchase
arrow_forward_ios

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

Loading...