The Real Deal New York

CEO’s 15 CPW pad hits market with 71 percent price hike

By Katherine Clarke | October 05, 2011 04:16PM

MacFarlane Partners’ Charles Berman isn’t the only CEO offloading his 15 Central Park West pad as the threat of a double-dip recession looms large. Corbett Price, chairman and CEO of Kurron Shares of America, a New York-based management, consulting and strategic advisory company specializing in the health care industry, has just listed his third-floor unit, on the same floor as Berman’s, for $8.395 million, almost double what he paid for it in 2008.

As The Real Deal previously reported, three years ago Price shelled out $4.9 million for the 1,987-square-foot, two-bedroom, two-and-a-half-bath apartment at the Robert A.M. Stern– designed two-tower building.

The unit is listed with Kyle Blackmon, a broker at Brown Harris Stevens who also helped Berman find a buyer. Blackmon declined to comment.

While the leap in asking price may seem far-fetched, it could be entirely realistic considering the prestigious address. While units at the building sat on the market longer than they had in the past during the downturn, as The Real Deal previously reported, the original buyers there are still selling their units for more than they paid.

Kohlberg & Co.’s James Kohlberg, for example, bought unit #6C from the sponsor in 2007 for $6.82 million, then sold it for $11.5 million in 2010.

Price was not immediately available for comment.

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