15 CPW owner asking over $11,500 psf for duplex — a 35% markup from last year

Apartment bought for $48M, now asking $65M

TRD New York /
Jul.July 30, 2015 03:43 PM

Steel magnate Leroy Schecter recently slashed the price of his $95 million penthouse at 15 Central Park West to $55 million. But one of his neighbors, who owns a duplex condominium at the property, reckons they can do better with their pad, even though it’s smaller. This anonymous seller bought the duplex for $48 million just a year ago, and is now listing it for a whopping $65 million.

The four-bedroom pad on the 18th and 19th floors of the Zeckendorf-developed building was scooped up last year for $48 million by a Chicago-based LLC, earning it the distinction as the second-most expensive condo ever sold at the exclusive building. Despite showing no obvious signs of renovation, the owner is hoping for a profit of $17 million, according to the New York Observer.

Broker Janice Chang of Douglas Elliman has the listing.

Chang will have to figure out how to convince a seller to buy the 5,610-square-foot condo unit for nearly $11,600 per square foot, when Schecter’s 6,000-square-foot digs on the entire 35th floor are also up for grabs, for less than $9,200 a foot.

Perhaps it’s a matter of maintaining tradition. The late Richard Ullman had originally asked for $62.5 million when he sold the apartment, which features a wood-burning fireplace and 392-foot terrace, to the mystery buyer in May 2014.

Russian heiress Ekaterina Rybolovleva bought a penthouse in the building for $88 million in 2012. At the time, it was the highest priced sale of a Manhattan condo ever.

Resales at 15 Central Park West have brought big profits to sellers in recent years, with some units netting profits north of 200 percent. [NYO] — Tess Hofmann


Related Articles

arrow_forward_ios
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

993 Fifth Avenue and Gilbert Harrison (Credit: Google Maps and GLC)

Retail exec sells Fifth Avenue co-op to Chanel heir for $19M

Clockwise from left: 240 Riverside Boulevar with  Charles Zegar, 111 Murray Street, and 220 Central Park South (Credit: Google Maps, Getty Images, and CityRealty)

Here are some of the Big Apple’s recent luxury resi buys

Clockwise from left: 91 Leonard Street, 141 West 11th Street, 520 Park Avenue and 115 Central Park West (Credit: StreetEasy, Google Maps)

These are the latest, greatest residential sales in NYC

565 Broome Street (Credit: iStock and 565 Broome Street)

Only in Manhattan? Luxury condo owner files “class action” because unit doesn’t have a wine cooler

From left: 220 Park Avenue South, 15 Central Park West, 520 Park Avenue, 35 Hudson Yards, Sting, Juan Beckmann Vidal, Daniel Och, Bob Diamond, and Stephen Ross (Credit: Getty Images, Wikipedia, StreeEasy, and Google Maps)

Serial buyers trade “old” condos for new on Billionaires’ Row

Former Bear Stearns CEO Jimmy Cayne and 510 Park Avenue (Credit: Getty Images and Google Maps)

Ex-Bear Stearns CEO James Cayne demands co-op records after board rejects 3 buyers

Kelly Killoren Bensimon went from modeling to “The Real Housewives.” Now she’s taking a crack at real estate.

arrow_forward_ios