Milstein family members pick up Village townhouse for $18M

The townhouse at 26 Bank Street spans 4K sf

New York /
Nov.November 03, 2017 01:30 PM

Connie and Philip Milstein — part of the fractured New York City real estate family — bought a townhouse in the West Village for $17.9 million.

The trust used to buy the 4,000-square-foot townhouse at 26 Bank Street has an address for Ogden Cap Properties, the property management company that the brother and sister run together. The name of the trust is The CJM 2003 Delaware trust, corresponding to Constance J. Milstein, Connie’s full name.

The four-bedroom, five-bathroom home features a south-facing terrace, 17th-century wood paneling and a steel-and-glass atelier at its top. The sellers were Jos and Annabel White, who paid $7.3 million for it in 2007, records show. It first hit the market asking $26 million in February 2016.

In 2003, Philip and his sister Connie founded Ogden Cap Properties to manage their share of the family’s holdings following their split from the rest of the family. The portfolio includes Normandie Court, Windsor Court, One Lincoln Plaza and the Dorchester Towers, As Well As The Milford Plaza.

A representative for the Milsteins could not be immediately reached. The listing broker could not be immediately reached for comment.

Chava Gourarie contributed reporting.


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