Related’s Blau finds buyer for UES penthouse

TRD NEW YORK /
Jan.January 23, 2012 01:00 PM

Related Companies President Jeff Blau has finally found a buyer for his customized penthouse at the Chatham condominium on the Upper East Side, according to public records filed with the city today.

The two-bedroom, three-bathroom penthouse, which was initially listed with Leighton Candler of the Corcoran Group last April for $18.9 million and later dropped its price to $15.7 million with Cathy Franklin and Alexis Bodenheimer of Brown Harris Stevens, ultimately fetched an even $14 million, records show. Franklin and Bodenheimer were not immediately available for comment.

A signature on the deed indicated that the penthouse, at 181 East 65th Street, may have been purchased by an executive at the Audax Group, a Boston- and New York-based private equity firm which manages over $5 billion in capital. Alicia Luongo Fix, a vice president at the firm, signed the deed, perhaps on behalf of one of the company’s famous CEOs – Geoffrey Rehnert and Mark Wolpow, both former directors of famous equity firm Bain & Company and known associates of Republican presidential hopeful Mitt Romney. Fix wasn’t immediately available for comment, nor were Rehnert and Wolpow.

The 3,160-square-foot penthouse duplex at the Robert A.M. Stern-designed building, used by Blau as a bachelor pad before starting a family, according to news reports, was created specifically by Related with the exec in mind. It features 22-foot ceilings, four terraces, a library, media room and Central Park views. Blau, his wife, and their two children have moved on to a $21.5 million penthouse at 1040 Fifth Avenue.

In a recent interview with The Real Deal, Blau said: “I loved living in that building — the apartment was great. It’s sad to move out, but as two kids come along and you need more space, we opted to make the move.” Blau declined to comment on the transaction, which closed Dec. 1, through a spokesperson.


Related Articles

arrow_forward_ios
Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)

Related is the latest developer to target the Rockaways

Steve Ross, Eliot Spitzer and a rendering of 451 10th Avenue (Credit: Getty Images) 

Spitzer, Related land $276M in financing for Hudson Yards senior housing project

Jeff Blau (Credit: Getty Images)

Related’s CEO talks Hudson Yards and “complicated” projects

Related Chairman Stephen Ross (Credit: Getty Images, Wikipedia)

Related drops 700-foot-long “wall” from Hudson Yards plan

Shaun Osher, CORE CEO (Credit: Getty Images and iStock)

CORE becomes latest NY resi brokerage to expand into South Florida

Related Companies chairman Stephen Ross and Hudson Yards (Credit: Getty Images)

Next phase of Hudson Yards could include 700-foot-long wall

15 Hudson Yards (Credit: StreetEasy)

Hudson Yards pad resells for 22% premium

From left: 200 East 66th Street; Extell’s 157 West 57th Street; and 15 Hudson Yards (Credit: Street Easy)

Four home sales that caught our eye — and cost an arm and a leg

arrow_forward_ios
Loading...