The Real Deal New York

Extell sells Carlton House PH for discounted price of $52M

Duplex apartment listed at $65M; unknown buyer signed contract in July
By E.B. Solomont | February 03, 2015 02:23PM

Extell Development sold a penthouse at the Carlton House for $52 million, according to property records filed with the city today. The duplex pad was asking $65 million. 

The buyer was an entity listed as Azalea Holdings LLC. Azalea was represented by Peter Rosenberg, president of Terra Nova Services, a Philadelphia-based firm that represents high-net worth individuals and family offices.

The six-bedroom, 8,988-square-foot co-op, at 21 East 61st Street, hit the market in October and went into contract this summer. A representative for Extell declined to comment.

A 9,742-square-foot limestone “white-box” townhouse adjacent to the building, which Extell listed for $65 million, is still available, according to the developer.

Extell paid $175 million for the site of the Helmsley Carlton House hotel, on Madison Avenue between 61st and 62nd Streets, in 2010With Angelo, Gordon and Co., the developer converted the building into a 68-unit co-op. In 2013, Extell sold the building’s block-long retail condo to Joseph Sitt’s Thor Equities for $277 million.

  • irobot

    when looking at comps that sell very early on no one but the developers and on-site sales staff have any idea what the discount is on a unit by unit basis. There are tremendous discounts given from the price in the orinial OP or latest amendments. Very misleading for all that are trying to comp/price against these unknown prices…there should be some type of disclosure.. This behavior leads to bubbles and that is what is and will happen to with the over priced billionaires row condos.

  • Jeebus

    Agree with u 100%. Just use Acris and look at the records to see.