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
John Giannone and Jac Credaroli (Credit: iStock)

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

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

Douglas Elliman is coming to Texas
Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)

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

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
Douglas Elliman’s New York City CEO Steven James and Zillow Group NYC general manager Matt Daimler (Courtesy Elliman via Youtube; Zillow)

Elliman gives in to StreetEasy’s manual listings

Elliman gives in to StreetEasy’s manual listings
Douglas Elliman chairman Howard Lorber and Zillow CEO Rich Barton (Getty)

StreetEasy settles Elliman dispute with a major concession

StreetEasy settles Elliman dispute with a major concession
One Thousand Museum and Porsche Designer Tower (Porsche)

Douglas Elliman agent allegedly created scheme to pocket commission advances: lawsuit

Douglas Elliman agent allegedly created scheme to pocket commission advances: lawsuit
Howard Lorber buys waterfront Sunset Islands home for $12M

Howard Lorber buys waterfront Sunset Islands home for $12M

Howard Lorber buys waterfront Sunset Islands home for $12M
Vector Group president and CEO Howard Lorber (Getty, iStock)

Howard Lorber’s comp is too damn high: Investors

Howard Lorber’s comp is too damn high: Investors
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...