Steinberg sells Chelsea condo for $2.7M — more than double what he paid

Elliman broker and business partner Herve Senequier own several investment properties

TRD New York /
Apr.April 25, 2013 03:30 PM

Leonard Steinberg and Herve Senequier of Douglas Elliman not only rake in the big bucks with multi-million dollar luxury apartment sales, they also flip investment properties across New York City. Their most recent deal is the $2.68 million sale of a condominium at 251 West 19th Street in Chelsea, property records filed today with the city show.

Steinberg and Senequier, both part of Elliman’s LuxuryLoft team, sold the two-bedroom, two-bathroom unit to Cindy and Craig Waldman of Rolling Hills Estates, Calif., records show.

Steinberg and Senequier purchased the condo for just $1.15 million in 2005. They listed the property themselves in January for $2.75 million.

The pair sold the condo to invest in another property, Senequier said, but declined to specify where or discuss their other real estate holdings. Steinberg did not respond to requests for comment.

“You always invest in the things you know the best,” Senequier told The Real Deal.

Steinberg also owns a condo at 200 Eleventh Avenue, also in Chelsea, which he purchased in 2010 for $2.76 million, city records show. The LuxuryLoft team has been very active in marketing the development.

Senequier, meanwhile, also owns a condo at the Petersfield at 115 Fourth Avenue in the East Village, which he purchased in 1995 for just $430,000, records show. The two-bedroom, two-bathroom condo has been listed as a rental four times at prices ranging from $7,500 to $8,500 per month since December 2008, StreetEasy shows. It is unclear if the unit was ever rented.


Related Articles

arrow_forward_ios

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Unrealistic pricing bogs down Miami luxury condo market: TRD Showcase & Forum

From left: RealPlus' Eric Gordon, Corcoran's Pam Liebman, Halstead's Diane Ramirez, Douglas Elliman's Howard Lorber and Brown Harris Stevens' Bess Freedman (Credit: Eric Gordon by Emily Assiran, Getty Images, Halstead, BHS, iStock)

Terra sells part of RealPlus stake to Corcoran and Elliman

The Real Deal’s E.B. Solomont receives Front Page Award

Rents increased year over year this September in Manhattan and Brooklyn to $4,336 and $3,366

Rents tick up and concessions fall amid broader economic uncertainty

The number of closed sales fell by more than 14 percent year over year in the third quarter (Credit: iStock)

Low mortgage rates are killing Manhattan’s all-cash buyer

arrow_forward_ios