Ian Reisner sells one of his 230 CPS condos for $12.6M

The unit spans the entire 12th floor

TRD New York /
Aug.August 19, 2016 01:39 PM

Ian Reisner seems to be doing some belated spring cleaning. Just a month after selling the long-term lease on the gay hotel he co-founded, the hotelier has sold one of his condo units at 230 Central Park South for $12.6 million.

The unit spans the entire 12th floor of the 18-floor building, created through the combination of six individual units that together span roughly 5,000 square feet. The condo has been featured in various television shows and movies, including “30 Rock,” “Vinyl” and “Did you hear about the Morgans?”

Pamela O’Connor, of Sotheby’s International Realty TRData LogoTINY, said the apartment had been marketed as either two separate units — one with two bedrooms and another with three — or as a full-floor unit. The buyer, who is hidden by an LLC, chose the latter, she said. The apartment is gutted and renovations will cost an estimated $2 million, depending on the buyer’s choice of finishes, she said. O’Connor and Rebecca Cavallaro of Sotheby’s handled the listing. The initial asking price for the apartment was $13.4 million.

Reisner, co-founder of New York’s first gay hotel OUT, owns multiple units at 230 Central Park South. He’s currently in contract to sell a penthouse in the building for $11.9 million.

The New York Post reported earlier this month that Merchants Hospitality bought out the long-term lease of the OUT Hotel for $40 million and plans to end its days as a gay-themed hotel.


Related Articles

arrow_forward_ios

Ian Reisner flips another co-op at 230 CPS for $11M

Ian Reisner lists 230 CPS pad for $12M

Ian Reisner drops $7.5M on 230 CPS pad

Gay hotelier Ian Reisner admits to donating money to Ted Cruz

Parkview Developers duo sell Central Park South PH for $12M

OUT hotel co-founder sues former business partner over ownership stake

Judge overturns ILSA ruling at the 505, a victory for 35 buyers

505 developers warned buyers against suits, documents show, but still face revolt

arrow_forward_ios