Macklowe sales exec doubles his money at 15 CPW

New York /
Jun.June 05, 2013 09:00 AM

A top sales executive at Macklowe Properties has had his own little windfall after selling his 15 Central Park West apartment for nearly double what he paid in 2008, the New York Observer reported.

Richard Wallgren, who was sales director of 15 Central Park West while at Brown Harris Stevens, paid $1.8 million for the 1,079-square-foot one-bedroom sponsor unit in April 2008, a hefty discount off the $2.5 million asking price. And now, he sold the apartment to Second 40 Holdings LLC for $3.48 million, according to city records seen by the Observer.

The apartment was not publicly listed, and Wallgren pleaded with the Observer for the sale to remain discreet.

Earlier this week, metal titan Leroy Schecter put his combination condominium at the white-glove apartment building on the rental block for $125,000 per month, after initially trying to sell it for $95 million. [NYO]  – Hiten Samtani


Related Articles

arrow_forward_ios
From left: Silverback Development managing principal Josh Schuster and Arch Companies managing partner Jeffrey Simpson (Google Maps, Arch Companies, Silverback Development, iStock)
Luxury lost: defect complaints rise in new residences
Luxury lost: defect complaints rise in new residences
15 Central Park West and 37 Warren Street (Google Maps, Compass)
15 Central Park West notches another turn atop Manhattan’s luxury contracts
15 Central Park West notches another turn atop Manhattan’s luxury contracts
1165 Madison Avenue (Google Maps, iStock)
February wrapped Manhattan luxury market’s record-breaking start to 2022
February wrapped Manhattan luxury market’s record-breaking start to 2022
TV producer Norman Lear (Streeteasy, Getty Images)
Good times: Norman Lear sells 15 CPW unit for $17.5M
Good times: Norman Lear sells 15 CPW unit for $17.5M
CIM hits back at board’s allegations in 432 Park lawsuit
CIM hits back at board’s allegations in 432 Park lawsuit
CIM hits back at board’s allegations in 432 Park lawsuit
2 East 88th Street, 220 Central Park South, Central Park Tower & 15 Central Park West (Wikipedia, Central Park Tower, City Realty, iStock, Illustration by Kevin Cifuentes for The Real Deal)
In a banner year for NYC’s luxury market, these 10 priciest sales led the way
In a banner year for NYC’s luxury market, these 10 priciest sales led the way
Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)
Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
Harry Macklowe, Linda Macklowe and 432 Park Avenue (Credit: Getty Images)
The latest in Harry Macklowe’s divorce: Linda’s appeal killed in court
The latest in Harry Macklowe’s divorce: Linda’s appeal killed in court
arrow_forward_ios

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

Loading...