Spitzer family’s Corinthian apartments could fetch $145M

Former New York governor puts 144 market-rate units on the market
March 25, 2014 04:15PM

Former governor and New York City real estate scion Eliot Spitzer has put a portfolio of 144 apartments in Murray Hill’s Corinthian rental tower on the market.

The market-rate units are scattered throughout the 52-story building at 345 East 37th Street that his father, Bernard Spitzer, built in 1987. They are the last batch of the family’s apartments in the structure, most of which were sold immediately after the tower was erected, as Crain’s reported.

Robert Knakal of Massey Knakal Realty Services is marketing the apartments, according to the article. A buyer could feasibly up the rents and combine spaces to make larger units, which already boast views of Midtown, according to Crain’s. The portfolio might be worth as much as $145 million, the news site reported.

The move, coupled with the purchase of a valuable Hudson Yards lot at 511 West 35th Street for $88 million at the end of last year, could indicate Spitzer plans to be more hands-on in managing his family’s real estate business, according to Crain’s. Spitzer unloaded an office condominium in the building for $31 million in 2011, as previously reported[Crain’s]Angela Hunt