Roughly a week after the Related Companies acquired a large stake in residential brokerage CORE, Related CEO Jeff Blau has relisted his palatial 1040 Fifth Avenue pad with two of its brokers for $34.5 million.
CORE’s Emily and Elizabeth Beare will market the the 10-room unit, according to the Wall Street Journal. The co-op was initially listed in January with the Corcoran Group for $43 million, as The Real Deal reported, and the price was chopped down to $38 million before Blau de-listed the pad in June.
Blau paid $21.4 million for the apartment in 2008 and proceeded to gut-renovate it. He plans to eventually move to Hudson Yards, the newspaper said. [WSJ] — Mark Maurer