The Real Deal New York

Lloyd Goldman sells Park Avenue duplex co-op for $12M

Property investor sells home to fund manager
By Zachary Kussin | September 26, 2014 03:50PM

Real estate investor Lloyd Goldman sold a duplex co-op at 941 Park Avenue for $12.1 million, according to property records filed today.

Gavin Saitowitz, managing member of the New York-based Springbok Capital Management, an investment management firm with assets of $571 million, is listed as the buyer.

Goldman, through a company representative, declined to comment on the deal. Saitowitz, through a Springbok representative, also declined comment.

Goldman appears to have owned the 12-room spread for quite some time.

Online property records do not show specifically when he made the buy and for how much, but the documents reveal financing statements for the home that date back to 1993.

Goldman also owns the penthouse in the building, which he purchased for $13.8 million in 2012, as previously reported. A source indicated that Goldman had been trying to sell the duplex after moving into the penthouse.

Douglas Elliman’s Sabrina Saltiel and Jennine Gourin had the listing, which hit the market for $12.8 million last October, according to StreetEasy. Saltiel, through a brokerage spokesperson, declined comment on the deal.

The four-bedroom, 5.5-bathroom home boasts herringbone flooring, custom cabinetry in the kitchen, and a 17 by 27-foot living room with open views to the south. The building is located between 81st and 82nd streets.

Goldman’s BLDG Management has made its own deals of late. In April, the firm nabbed a Murray Hill 191-unit luxury rental complex for $126 million. One month earlier, a partnership of two BLDG-affiliated companies sold a three-story industrial building in Long Island City for $60 million, about one year after buying it for $40.7 million.