Walker Tower penthouse flip aims for 75 percent profit

Owner of three-bedroom duplex asking $25M just seven months after buying the apartment

TRD New York /
Aug.August 04, 2014 03:45 PM

A mere seven months after purchasing Walker Tower’s Penthouse 5 for $14.25 million, mystery-owner Sky Walker Tower LLC is looking to flip the pad to the tune of $25 million.

Should the property go for the full ask, the owner would pocket a 75 percent profit.

The Corcoran Group’s Leighton Candler and Jennifer Garabedian Reardon have the listing for the three-bedroom duplex pad, which totals just under 3,400 square feet. Fully pre-wired, the home features radiant floor heating, electric shades and a built-in humidification system, according to the listing.

Walker Tower’s crown jewel, otherwise known as Penthouse One, closed for $50.9 million in January, setting a new record for the most expensive residential sale Downtown at the time. A full-floor penthouse condominium that was a combination of two unfinished units sold to an undisclosed European buyer for $30.8 million a few months later. Sales at the 1929-built building, which was developed by a joint venture between JDS Development and Property Markets Group and financed in part by Barry Sternlicht’s Starwood Capital, launched in 2012.[Curbed]Julie Strickland


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