Former US ambassador slashes price of
Fifth Avenue pad

Bruce Gelb originally listed co-op for $65M

TRD 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
Clockwise from top left: John Gomes, Ronita Kalra, Eric Beniam and McKenzie Ryan (Credit: Getty Images, iStock, Wikipedia)

“We’re putting ourselves in situations where anything is possible”: Real estate agent’s killing rattles industry

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

35 Sidney Place (bottom) and 22 Lefferts Place (top) in Brooklyn

Brooklyn Heights townhouse is priciest Brooklyn contract

157 West 57th Street (Credit: iStock)

One57 condo with reduced ask tops a slow week of luxury contracts

Clockwise from top left: 730 Fifth Avenue, Unit #PH21; 730 Fifth Avenue, Unit #18A; The Pierre, Unit #3101; and The Park Imperial, Unit #64

Priciest homes listed last week include $60M pad at Crown Building

250th Issue

The Real Deal celebrates 250 issues

Compass' Rachel Glazer (inset) and The Corcoran Group’s Steve Gold with Circa Central Park (Credit: Getty Images, Compass)

Steve Gold loses exclusive at record-setting Harlem project

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

arrow_forward_ios
Loading...