Former US ambassador slashes price of
Fifth Avenue pad

Bruce Gelb originally listed co-op for $65M

New York /
Nov.November 13, 2017 01:00 PM

1060 Fifth Avenue #10B and Bruce Gelb

Former U.S. Ambassador Bruce Gelb is at the negotiating table — With Another Price Chop For His Fifth Avenue apartment, once asking $65 million.

After slashing the price of the 15-room co-op to $38 million in June, Gelb has shaved another $3.5 million from his asking price. He’s also swapped brokers, replacing Dolly Lenz with agents from Stribling & Associates and Compass, Curbed reported.

A former Commissioner for the United Nations, Gelb was ambassador to Belgium and president of hair giant Clairol. A buddy of George H.W. Bush from their school days, Gelb bought the 10th-floor apartment at 1060 Fifth Avenue decades ago. After listing it for $65 million, he also teamed up with a neighbor to offer the adjacent 10th-floor apartments for a combined $73.8 million.

When they didn’t get any takers, Gelb slashed the asking price of his apartment, which lacks modern design flourishes. The 10th-floor apartment has five bedrooms and original details like a J.E.R. Carpenter carved mantel, according to the listing. [Curbed]E.B. Solomont


Related Articles

arrow_forward_ios
Sara Gore (right) and Ryan Serhant (Getty)
“Open House” host Sara Gore joins Ryan Serhant’s brokerage
“Open House” host Sara Gore joins Ryan Serhant’s brokerage
From left: Mathew Chapman, Michele Kowal, Maryanne Elsaesser and Rhonda Battifarano (NJ Home Navigators)
Christie’s NJ affiliate claims “big win” in agent-poaching dispute with Compass
Christie’s NJ affiliate claims “big win” in agent-poaching dispute with Compass
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
(Getty)
Housing rush: In-person school adds fire to rapidly heating market
Housing rush: In-person school adds fire to rapidly heating market
Ahmass Fakahany and the Police Building at 240 Centre Street (Douglas Elliman, Altamarea Group)
Domed Police Building penthouse finally sells after massive price cut
Domed Police Building penthouse finally sells after massive price cut
From left: Alvin Dworman, 155 East 55th Street, 65 West 55th Street, and 210 East 58th Street (Getty, Google Maps)
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Alvin Dworman Sells 3 Manhattan Buildings for $65M
40 Meadow Lane, Southampton
New Hamptons sales and listings promise ocean views… and eternal life
New Hamptons sales and listings promise ocean views… and eternal life
(Illustration by Kevin Rebong for The Real Deal)
Single-family rent growth more than doubles in April
Single-family rent growth more than doubles in April
arrow_forward_ios

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

Loading...