Howard Marks’ Ritz-Carlton condo back on the market for $27M

The full-floor pad was asking $50M back in 2012

New York /
Apr.April 26, 2017 10:30 AM

Howard Marks once hoped his Ritz-Carlton two-bedroom apartment would fetch nearly $11,000 per square foot, but these days he has far more modest aspirations.

Marks, the co-chairman of Oaktree Capital, this week relisted his Ritz-Carlton condo at 50 Central Park South for $27 million, Curbed reported, which is nearly half its original asking price of $50 million. Marks and his wife Nancy paid $18.8 million for the pad in 2007, Records Show And Then Put The Place on the market in 2012.

The apartment, which takes up the entire 33rd floor, has been slashed in price several times over the past five years. Last July, its ask was cut down from $39 million to $35, and then in December it was reduced to $30 million.

The 4,600-square-foot home has north and south exposures, hand-hammered German silver floors, Venetian plaster walls and a dining room that features 18th century-style boiseries by Feau & Cie, according to the listing.

It’s also got a new agent, with the listing broker switching from Sotheby’s International to the Corcoran Group’s Deborah Grubman, David Adler and Paul Albano. [Curbed]Miriam Hall

(To view residential sales over $20M in our Deal Sheet, click here)


Related Articles

arrow_forward_ios
Fidelity’s Raymond Quirk (iStock)

Title insurers launch new closing tools as homebuying rises

Title insurers launch new closing tools as homebuying rises
Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building
Quarters CEO Rui Barros (Linkedin)

Quarters, the “WeWork of co-living,” files for bankruptcy

Quarters, the “WeWork of co-living,” files for bankruptcy
Joan Collins and 110 East 57th Street #8EFG (Getty, BHS)

Soap star Joan Collins lists longtime Midtown pied-à-terre

Soap star Joan Collins lists longtime Midtown pied-à-terre
Tommy Hilfiger and his recently sold estate in Greenwich, CT. (Getty, Janet Milligan)

Tommy Hilfiger’s Greenwich estate sells for $45M

Tommy Hilfiger’s Greenwich estate sells for $45M
Jenna Ryan was part of a group who flew on a private plane from Denton, TX, to Washington, D.C., with the intention of joining the protestors (Twitter.com/DotJenna)

Texas Realtor faces criminal charges for role in Capitol attack

Texas Realtor faces criminal charges for role in Capitol attack
Porch CEO Matt Ehrlichman (iStock)

Porch snaps up four startups for over $122M

Porch snaps up four startups for over $122M
Nir Meir Asks Court to Stop Eviction (Google Maps)

Nir Meir seeks to throw out Hamptons ejection suit

Nir Meir seeks to throw out Hamptons ejection suit
arrow_forward_ios

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

Loading...