Corcoran sues Woody Johnson’s ex over $810K commission

Nancy Sale Frey Johnson sold condo at 817 Fifth Avenue to John Catsimatidis for $18 million

Jun.June 10, 2015 09:31 AM

The Corcoran Group has filed suit against Nancy Sale Frey Johnson, the ex-wife of Jets owner Woody Johnson, claiming she owes the brokerage an $810,000 commission.

Johnson sold her condo at 817 Fifth Avenue for $18 million to former mayoral candidate and billionaire John Catsimatidis on Tuesday, according to the New York Daily News. The apartment includes four bedrooms, a library, a wine cellar and views over the park.

Corcoran Group’s Carrie Chiang had the exclusive listing.

Corcoran had found a buyer for the fancy pad, who was rejected by the building’s co-op board, according to the New York Post. According to the suit, Johnson then sold the apartment to Catsimatidis. The grocery magnate had made Johnson an offer after learning she was looking to sell. She rejected his initial offer to buy the apartment for $15 million, the Post reported.

The brokerage is now claiming it is owed the commission from that deal. Johnson bought the pad for $10 million in 2002 after divorcing Woody.

She first listed the condo last year for $25 million, according to the Daily News, and the price was recently chopped to $19.8 million. [NYP] and [NYDN] — Claire Moses

Related Articles

49 East 10th Street and Barbara Corcoran (Credit: Google Maps and Getty Images)

Corcoran to shut down office in building partly owned by Barbara Corcoran

Corcoran President & CEO Pamela Liebman (Credit: Corcoran, Getty Images)

Welcome to Queens: Corcoran opens first borough outpost

Corcoran CEO & President Pamela Liebman (Credit: iStock)

Corcoran begins new lead-gen push via Facebook ads

(Credit: iStock)

Rental concessions are on the decline, but the size of incentives is growing

Realogy CEO Ryan Schneider 

Realogy’s 2019 revenue slides 3% to $5.6B

From left: Ryan Schneider, Ryan Gorman, Philip White, and Pam Liebman

Goodbye, NRT. Hello, Realogy Brokerage Group

Citi Habitat president Gary Marlin and Corcoran president Pam Liebman (Credit: Corcoran)

Corcoran, Citi Habitats to merge

Compass' Rachel Glazer (inset) and The Corcoran Group’s Steve Gold with Circa Central Park (Credit: Getty Images, Compass)

Steve Gold loses exclusive at record-setting Harlem project