Stanley Cayre shells out $23M for UES home

New York /
Aug.August 24, 2013 10:00 AM

Stanley Cayre, whose family runs real estate investment firm Midtown Equities, has purchased a full-floor co-op at 640 Park Avenue for $23 million, the most expensive residential sale of the week, the New York Times reported.

The apartment’s prior owner, Sue Erpf Van de Bovenkamp, was the widow of financier and presidential adviser Armand Erpf. She was also the president of the Armand G. Erpf Charitable Foundation. She died in 2011 at the age of 82.

Originally an 18-room home, the apartment was redeveloped 40 years ago as a five-bedroom, six-bathroom residence with a two-room staff suite. The monthly maintenance fee for the co-op is $15,981.

Cayre and his wife, Frieda, plan to use the apartment as their primary residence.

Nancy Elias and John Burger of Brown Harris Stevens and Serena Boardman of Sotheby’s International Realty handled the sale for the estate. Caroline Guthrie, also from Brown Harris Stevens, represented the buyers in the transaction.

The 13-story building at East 66th Street has a single residence on each floor, and was originally built by Spencer Fullerton Weaver as a low-rise. [NYT] – James Comtois


Related Articles

arrow_forward_ios
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Rachel Glazer (Credit: BHS)
BHS’ top Downtown agent jumps to Compass
BHS’ top Downtown agent jumps to Compass
BHS’ chief of tech, communications out amid internal shakeup
BHS’ chief of tech, communications out amid internal shakeup
BHS’ chief of tech, communications out amid internal shakeup
(Photo Illustration by Steven Dilakian for The Real Deal with Getty)
Borrowers are back: Mortgage applications rise
Borrowers are back: Mortgage applications rise
(Getty; Illustration by Kevin Rebong for The Real Deal)
Investor home purchases plummet 30%
Investor home purchases plummet 30%
1350 Ladera Circle with Elvis and Priscilla Presley (Realtor, Getty)
Elvis and Priscilla Presley’s Palm Springs honeymoon getaway sells for $6M
Elvis and Priscilla Presley’s Palm Springs honeymoon getaway sells for $6M
Midwood's John Usdan and 150 East 78th Street (Midwood Investment & Development)
Midwood sells $33M penthouse at UES condo project
Midwood sells $33M penthouse at UES condo project
Ivana Trump with 10 East 64th Street (Google Maps, Getty)
Ivana Trump’s longtime UES townhouse listed for $26M
Ivana Trump’s longtime UES townhouse listed for $26M
arrow_forward_ios

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

Loading...