New York Times CEO buys “dilapidated castle” on UWS

TRD New York /
Dec.December 10, 2013 04:40 PM

It’s all the views that’s fit to print. Or perhaps that’s what New York Times Company honcho Mark Thompson thought when he shelled out $3.4 million for a ninth-floor pad on the Upper West Side, according to property records filed with the city today.

Thompson, the president and CEO of the company, and his wife, writer Jane Blumberg, bought a four-bedroom co-op at the Cornwall at 255 West 90th Street near Broadway.

London-born journalist Thompson served as director-general of the BBC from 2004 until last year, when he joined the Midtown-based New York Times Company. The media company includes the New York Times, the International New York Times, NYTimes.com and INYT.com.

The unit in the 12-story red-brick building maintains several vintage flourishes from its construction in 1910: four sets of French doors, a nonfunctioning gas fireplace and stained glass windows. The property recently finished construction on a new roof.

The apartment hit the market in April with a $4 million price tag, which was chopped down to $3.78 million and then $3.6 million. Lynn Sullivan of Brown Harris Stevens represented the seller, while Jeffrey Silverstein of Douglas Elliman represented the buyer.

The seller was John Ziegler, who lived there for about 35 years and wanted to scale down, Sullivan said.

“The seller didn’t want anyone to rip it apart, but this couple was interested in restoring it,” Sullivan told The Real Deal. “They said, ‘We can see the treasure in a dilapidated castle.’”

Thompson declined comment, while Ziegler and Silverstein could not immediately be reached.

The average price of currently available units at the Cornwall is $1,403 per square foot, CityRealty data show.


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
Single-family saves the day. Q3 resi sales up in South Florida

Single-family saves the day. Q3 resi sales up in South Florida

Single-family saves the day. Q3 resi sales up in South Florida
(Getty)

Brooklyn home sales fell at a record rate in Q3

Brooklyn home sales fell at a record rate in Q3
The vacancy rate hit 5.75 percent (iStock)

Rental listings in Manhattan hit 14-year high as vacancies soar

Rental listings in Manhattan hit 14-year high as vacancies soar
Ed D’Ambrosio (center) with Dottie Herman and Rory Golod (Elliman, Twitter)

O Brother, where art thou? Dottie Herman’s brother leaves for Compass

O Brother, where art thou? Dottie Herman’s brother leaves for Compass
(iStock)

Manhattan apartment vacancy smashes 5% barrier

Manhattan apartment vacancy smashes 5% barrier
arrow_forward_ios

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

Loading...