Schecter aims to shatter Weill’s 15 CPW record

TRD New York /
Aug.August 08, 2012 09:00 AM

Metal mogul Leroy Schecter is betting that by combining his two units in 15 Central Park West he can top Sanford Weill’s record sales price in the building. The Wall Street Journal reported that Schechter is combining his two units on the 35th floor, for which he paid a combined $18.9 million, and listing them for $95 million with Emily Beare of Core.

“Nobody knows what the right price is,” Schecter told the Journal. “If you had $10 billion and you are trying to put in a good place, you aren’t going to put it in a bank, you are going to try to buy good real estate with it.”

The Marino/Ware Industries chairman had put the two units on the market for a combined $55 million in 2010, only to turn down a $48 million offer and begin work to combine the space. Prior to the construction work he rented the two units for a combined $70,000 per month to Yankee slugger Alex Rodriguez and Cendant Corp. founder Henry Silverman.

The Journal said the units are about 20 percent smaller than the 6,744-square-foot one bought for $88 million, but Schecter’s have superior views. It is the second priciest apartment on the market after the $100 million CitySpire penthouse[WSJ]

Related Articles

From left: 220 Park Avenue South, 15 Central Park West, 520 Park Avenue, 35 Hudson Yards, Sting, Juan Beckmann Vidal, Daniel Och, Bob Diamond, and Stephen Ross (Credit: Getty Images, Wikipedia, StreeEasy, and Google Maps)

Serial buyers trade “old” condos for new on Billionaires’ Row

Sam Chang and 40 West 45th Street (Credit: Google Maps and iStock)

Sam Chang can now purchase 160 elite racing pigeons

15 Central Park West and Och-Ziff Capital Management founder Daniel Och (Credit: StreetEasy and Getty Images)

Daniel Och wants $12K a foot for his 15 Central Park West penthouse

Unit 34C at 15 Central Park West (Credit: iStock)

Say ahhhh: Dentist’s 15 CPW pad hits market asking $27M

Garmin co-founder Min Kao lists 15 CPW penthouse for $55M

These Chinese buyers upgraded from 15 CPW to 220 CPS

“Limestone Jesus” 15 CPW is New York’s top-performing condo tower: report

Heiress with a taste for real estate revealed as buyer of Sting’s $50M pad