Trailblazing Xerox exec buys Gramercy Park spread

Anne Mulcahy pays $4.6M for three-bedroom spread at Schrager’s development

TRD New York /
Nov.November 02, 2012 02:00 PM

In all the buzz surrounding the launch and subsequent rush of sales at Arthur and William Lie Zeckendorf’s 18 Gramercy Park, other Gramercy Park projects, such as Ian Schrager’s Gramercy Park Hotel apartments, have fallen out of the public eye. However, one former CEO has chosen Schrager’s building — residents of which have included actress Jennifer Aniston and fashion designer Karl Lagerfeld — over Zeckendorf’s for her new home.

Anne Mulcahy, the former chairperson and CEO of the Xerox Corporation, has paid $4.55 million for a three-bedroom spread at the property, according to public records filed with the city today. The deal for the apartment, which was listed by Michele Kleier, Sabrina Kleier Morgenstern and Isabel Solmonson of Kleier Residential for $4.85 million, closed October 19, the records show.

Mulcahy served as CEO of Xerox from 2001 until 2009, when was succeeded by Ursula Burns. The transition reportedly marked two historic firsts — two female CEOs in a row at a large public company and the first major corporation to be run by an African–American woman (Burns).

Mulcahy bought the apartment from Brian Knez, a founding partner of private equity firm Castanea Partners. Knez had owned the property only since January 2011, when he bought it for $4.15 million, records show. He listed it for sale in June; it was under contract in less than a month.

As previously reported, the Gramercy Park Hotel, at 50 Gramercy Park North, has attracted many influential residents. Former “Friends” star Aniston shelled out close to $9 million on a three-bedroom home at the property last year and Lagerfeld, who paid $6.6 million for an apartment there in 2006, has since put his back on the market.

Mulcahy’s new apartment features a 20-foot entrance gallery and a great room as well as a key to Gramercy Park. All apartments at the building come with access to the hotel’s amenities, including an exercise room, maid service and a private roof club and garden.

The Kleiers declined to comment on the deal.

As previously reported, at least seven units at the 16-unit 18 Gramercy Park are now in contract. The penthouse at the Zeckendorf tower is said to have been snapped up for $42 million by Leslie Alexander, the owner of the Houston Rockets.


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