Empire Hotel Group’s Domb family buys $12M UWS pad

Five-bedroom condo at Extell's One Riverside Park spans 4,200 sf

New York /
Sep.September 09, 2016 02:47 PM

UPDATED: Sept. 12 at 11:50 a.m. Affiliates of Empire Hotel Group heir Jay Domb snapped up a condo at Extell Development’s One Riverside Park for $12.1 million, according to property documents filed with the city Friday. The Upper West Side waterfront apartment spans 4,224 square feet and includes five bedrooms and 6.5 bathrooms.

It’s not clear whether Domb will live in the apartment himself or if the purchase was made on behalf of someone else in the family. Two of the three LLCs used to purchase the apartment are named after the grandchildren of Jay Domb’s father, Sam Domb. The LLCs are also registered to an apartment owned by Sam Domb.

One Riverside Park, a 219-unit waterfront building on Riverside Drive and 62nd Street, hit the market in 2013 with much fanfare. About 10 percent of the units were available for sale as of June, as The Real Deal reported. Prices initially ranged from $1 million to $25 million, although the priciest listing, a 5,700-square-foot condo, has since dropped from $25.75 million to $21 million, as did several others.

The mother of Jay Domb’s son in Brazil sued the hotel heir last year and was seeking at least $4,500 a month in child support payments, the New York Post reported.  A judge ruled in 2014 that Jay Domb was required to pay at least $2,000 a month in child support.

Empire Hotel Group, now headed by Domb’s brother Ronald Domb, in April bought the 15-story Milburn Hotel at 242 West 76th Street for $69.4 million, TRD reported.

Correction: An earlier version of this story misstated the location of One Riverside Park.


Related Articles

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)
Extell lands $690M refinancing package for One Manhattan Square
Extell lands $690M refinancing package for One Manhattan Square
Extell sells One57 sponsor unit for $17M
Extell sells One57 sponsor unit for $17M
Extell sells One57 sponsor unit for $17M
The soft market for luxury units has some developers hard up. (Getty)
Buyers taking advantage of New York City’s condo glut
Buyers taking advantage of New York City’s condo glut
Central Park Tower at 217 West 57th Street and Extell president Gary Barnett
Closings kick off at Central Park Tower
Closings kick off at Central Park Tower
Dov Hertz (Photo by Studio Scrivo)
The Closing: Dov Hertz
The Closing: Dov Hertz
Gary Barnett’s Extell Development with the $26.7M building he sold. (500w57 via Twitter)
Extell sells West 57th Street office to CBS
Extell sells West 57th Street office to CBS
Extell's CEO Gary Barnett (Central Park Tower)
Barnett secures $380M mezz financing for Central Park Tower
Barnett secures $380M mezz financing for Central Park Tower
Renderings of 1223 Spofford Avenue, Bronx, 153-10 88th Avenue, Queens and 1201 Spofford Avenue, Bronx (iStock, NYC Economic Development Corporation, Zara Realty)
The top 10 biggest real estate projects coming to NYC
The top 10 biggest real estate projects coming to NYC
arrow_forward_ios

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

Loading...