A scion of the Gershwin family has sold his co-op apartment at 101 Central Park West for $5.37 million, the New York Observer reported.
Marc Gershwin, the son of George and Ira’s brother Arthur, lived in the 15th-floor classic seven apartment for three decades. In late 2012, brokers Lorraine Ding and Michele Gershwin of Akam Sales & Brokerage managed to find a buyer for the unit, which was listed for $5.75 million, but the buyer was ultimately rejected by the co-op board. They then found the current buyer, Eiko Adams, a resident of St. Croix in the Virgin Islands.
In recent years, Gershwin has been the trustee of the famed Gershwin music trove, which is expected to rake in $5 to $10 million per year. [NYO] – Hiten Samtani