Which listings will land nine-digit prices in 2014?

TRD New York /
Dec.December 23, 2013 04:25 PM

Greater New York City’s priciest single-family properties — the Copper Beech Farm in Greenwich, Conn., hedge funder Steve Cohen’s duplex at One Beacon Court, and the Residence at River House — all have nine-digit price tags. But which will actually fetch their $100 million-plus asks?

The country has no shortage of glittering trophy properties priced at $100 million or more, but it’s rare for such listings to actually close at those lofty numbers. Miami’s Versace mansion, on the market for $125 million, ultimately sold at auction this year for $41.5 million, and the $150 million Candy Spelling Estate in Bel-Air ultimately went for $85 million.

Brokers say that Copper Beech’s biggest chance to fetch a closing price around its current $140 million ask, down from $190 million previously, lies with its potential for development, as the house isn’t particularly amazing, they told CNBC. Cohen’s duplex at 151 East 58th Street, which sprawls across 9,000 square feet and boasts double-height windows with city views, is priced at $115 million and a more likely contender to land a nine-digit close. And the River House penthouse at 435 East 52nd Street, which needs a big investment to transform to a private residence, has a chance to fetch its $130 million ask among deep-pocketed foreign buyers, sources told CNBC. [CNBC]Julie Strickland


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

Here are the week’s top luxury sales

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”

Here are the week’s top luxury sales

Here are the week’s top luxury sales

220 Central Park South and Richard Leibovitch, co-founder of Arel Capital (Credit: Arel Capital)

Richard Leibovitch wants $10M more for the 220 Central Park South home he bought a year ago

56 Leonard Street (Credit: iStock)

He invested more than $130M into 4 Manhattan condos. Now he’s taking a hit

Gary Barnett

Quantifying the rise and fall of NYC’s condo market

Vincent Viola and 12 East 69th Street (Credit: Getty Images)

Vincent Viola’s Upper East Side townhouse gets $9M price cut

136 Grand Street, #3WR

Buyer nabs $8.8M condo with mirrored room, stripper pole

arrow_forward_ios
Loading...