15 CPW duplex sells for nearly $15M under ask

Duplex that just traded for $45M was asking $60M

New York /
Nov.November 25, 2015 02:22 PM
 

Maybe “asking price” should be redefined as “wishful thinking” price.

A 15 Central Park West duplex just traded for $45 million — a hefty sum, but a massive discount from the condominium’s most recent asking price of $59.5 million.

The apartment, located on the 18th and 19th floors of the Robert A.M. Stern-designed building, first hit the market in July asking $65 million, or nearly $12,000 per square foot. Last month, the price was chopped to $59.5 million, or $10,606 per square foot. Douglas Elliman’s Janice Chang had the listing.

Measuring more than 5,600 square feet with a nearly 400-square-foot terrace, the condo features a wood-burning fireplace and five bedrooms.

The owner, identified in public records as Evergreen 15 CPW, went into contract on Oct. 29 and closed on Nov. 12, paying $8,035 per square foot.

The seller, also unidentified, paid $48 million for the apartment in May 2014, meaning he or she is willing to stomach a $3 million loss to unload the pad. The deal falls in line with what brokers have been saying for months: that there’s a softening at the high end of the market. Recently, a seller at One57 sold a 62nd floor unit for a $2 million loss.

The priciest deal at 15 Central Park West remains Ekaterina Rybolovleva’s $88 million purchase of former Citigroup Chairman Sandy Weill’s 6,744-square-foot home in 2012.


Related Articles

arrow_forward_ios
Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
Kuwait’s consul general in New York, Hamad Al-Hazeem and 50 United Nations Plaza (Credit: Google Maps)

Kuwait’s consul general buys 50 UN Plaza pad for $16M

Kuwait’s consul general buys 50 UN Plaza pad for $16M
William Zeckendorf and his brokerages are making moves. (Credit: iStock, Getty Images)

William Zeckendorf wants to build an army of NYC homeowners

William Zeckendorf wants to build an army of NYC homeowners
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

Serial buyers trade “old” condos for new on Billionaires’ Row
113-119 East 55th Street and Arthur Zecekndorf of Zeckendorf Development (Credit: Meridian Investment Sales and Getty Images)

These are the details on Zeckendorf Development’s latest residential project

These are the details on Zeckendorf Development’s latest residential project
Sam Chang and 40 West 45th Street (Credit: Google Maps and iStock)

Sam Chang can now purchase 160 elite racing pigeons

Sam Chang can now purchase 160 elite racing pigeons
15 Central Park West and Och-Ziff Capital Management founder Daniel Och (Credit: StreetEasy and Getty Images)

Daniel Och wants $12K a foot for his 15 Central Park West penthouse

Daniel Och wants $12K a foot for his 15 Central Park West penthouse
From left: 520 Park Avenue with William Zeckendorf and 240 Centre Street (Credit: Wikipedia, Getty Images, StreetEasy)

These are some of the most notable resi sales in NYC this week

These are some of the most notable resi sales in NYC this week
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...