The Real Deal New York

Second Huguette Clark spread enters contract

August 03, 2012 09:30AM

A second apartment owned by the estate of heiress Huguette Clark has found a buyer. The Wall Street Journal reported that Frederick Iseman, head of private-equity firm CI Capital Partners, has agreed to pay $22.5 million for two eighth-floor apartments at 907 Fifth Avenue. The deal is pending approval of the co-op board.

The larger of the two apartments has 10 rooms, including three bedrooms and 6.5 bathrooms, and more than 100 feet of frontage on Fifth Avenue. That unit was listed for $19 million by Mary Rutherfurd and Leslie Coleman of Brown Harris Stevens. But Iseman’s purchase also includes a piece of another of Clark’s apartments on the floor, which was listed by the same Brown Harris Stevens pair for $12 million. It’s not clear how much of that 12-room apartment he is getting in the deal.

Qatar Prime Minister Sheik Hamad bin Jassim bin Jabr al-Thani had entered into a $31 million contract to wholly own both units, but his bid was rejected by the co-op board, which, according to previous reports, was worried his vast entourage would disturb the peace in the building.

The board approved hedge fund manager Boaz Weinstein’s $25.5 million purchase of Clark’s 12th-floor apartment in the co-op. [WSJ]