Leroy Schecter slashes ask for 15 Central Park West pad, again

TRD New York /
Jan.January 16, 2014 10:40 AM

Leroy Schecter, chairman of steel manufacturer Marino-Ware Industries, has slashed another $5 million off the asking price on his 6,000-square-foot condominium at 15 Central Park West, now listed at $65 million.

Brown Harris Stevens broker Paula Del Nunzio is marketing the five-bedroom pad, which Schecter purchased as two separate units for $18.5 million in 2008, according to city records. Located on the 35th floor, the home boasts panoramic views of Central Park, Columbus Circle and the Hudson River. The two units have been gut-renovated and adjoined, and have never been lived in, according to the listing.

Schecter originally listed the unit with the CORE Group’s Emily Beare for $95 million in August 2012, only to drop the ask to $85 million the following April.

He pulled the property from the market and offered it up as a $125,000-per-month rental in June, only to switch gears again and give the listing to Del Nunzio in November as a sale priced at $70 million.

Del Nunzio did not immediately respond to request for comment, and calls to Marino-Ware seeking comment from Schecter were not immediately returned.

Resales at 15 Central Park West have bagged big profits in recent years, with sellers seeking nearly 200 percent returns on average. Michael Lewis, the London-based head of commodities research at Deutsche Bank, listed his condominium at 15 Central Park West for $30 million yesterday — nearly three times the $10.1 million he paid six years ago. Top Macklowe Properties sales executive Richard Wallgren sold his 1,079-square-foot one-bedroom sponsor unit for $3.48 million in June — nearly doubling the $1.8 million he paid in 2008, and NASCAR superstar Jeff Gordon unloaded his 15 Central Park West pad for $25 million in October, for which he paid $9.67 million in 2007.

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