The Real Deal New York

Former $38K-a-month rental at 15 CPW sells for $24M

The condo was on the market for just one month
March 30, 2014 05:00PM

 A three-bedroom condo at 15 Central Park West has sold for $24 million and was last week’s biggest deal.

No. 27C was on the market for just one month at $25 million before finding a buyer, according to the New York Times. The unit’s monthly carrying costs are $7,666.

The 2,761-square-foot condo features park views, 11-foot ceilings, marble baths and a 16-by-18-foot master suite. The unit had operated as an investment property and earned $38,000 a month as a rental.

Susan Barkin of Barkin & Associates represented the seller. Richard Steinberg and Matthew Slosar of Warburg Realty represented the buyer, philanthropist Deborah Simon, whose family owns Simon Property Group. [NYT] Christopher Cameron