The Real Deal New York

Comcast CFO buys Hampshire House co-op for $10.5M

Former head of Young & Rubicam hands off pad after 17 months
By Mark Maurer | April 30, 2014 03:50PM

Michael Angelakis, chief financial officer at communications giant Comcast, bought a co-op at the Hampshire House from Peter Georgescu, chairman emeritus of advertising agency Young & Rubicam, for $10.5 million, according to property records filed with the city today.

The 1,962-square-foot apartment at 150 Central Park South — between Sixth and Seventh avenues — features two bedrooms, two bathrooms, A Private Terrace and a wine room.

Georgescu has not lived in the 21st-floor unit very long. He and his wife Maureen bought the pad from retired Wall Street executive Robert Feduniak for $8 million in December 2012, as The Real Deal reported. Grace Lappin, formerly of Trump Residential, had the listing at the time. The deal marked Trump International Realty’s first sale in a non-Trump building since the brokerage launched in October 2012.

And Angelakis, whose primary residence is in Gladwyne, Pa., is not new to the building. He picked up a different co-op there in 2010 for $4.6 million, as previously reported.

It is unknown who served as a broker on the latest transaction. A spokesperson for Comcast declined to comment, while Georgescu could not be immediately reached.

Built in 1940, the 36-story Hampshire House is a former hotel that now holds 220 co-op units.