CEO to CEO: Mitsui Fudosan head buys co-op from another chief exec

Apartment at 211 CPW sells for $5.5M

New York /
Mar.March 27, 2018 06:41 PM

Photo credit: Corcoran

Call it a deal done at the highest levels. 

A co-op unit at the Beresford on the Upper West Side changed hands with chief executives on both sides of the deal. Former Continental Airlines head Gordon Bethune sold Unit 3E at 211 Central Park West to Mitsui Fudosan CEO John Westerfield for $5.54 million, according to documents filed with the city Tuesday.

The home is a four-bedroom, three-bathroom unit that faces Central Park. Its more unique features include a living room with a wood-burning fireplace and a library with a bar.  It also contains a private bedroom wing that leads to the master bedroom, an eat-in kitchen with a breakfast area and a separate laundry area. Bethune bought the apartment for $5.9 million in 2009.

Bethune, who is credited with reviving Continental Airlines in the ‘90s, served as the CEO of the company between 1994 and 2004.  He left the company before it merged with United Airlines. He has served on the boards of Sprint and Honeywell after leaving Continental.

Westerfield, meanwhile, was named to the top post of Mitsui Fudosan’s American offshoot in 2015. He has directed major acquisitions for the Japanese firm, the largest of which is its purchase of a 90 percent stake in 55 Hudson Yards. That transaction gave the building a valuation of $4 billion, making it the most expensive office development in the city’s history.

Westerfield joins a cast of heavyweights who call the building home. Current residents include former Lehman Brothers executive Robert Millard and Fox News host Kimberly Guilfoyle. It has also been home to celebrities such as Jerry Seinfeld, John McEnroe, Glenn Close and Helen Gurley Brown.


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
The Real Deal's Hiten Samtani and a rendering to 2 World Trade Center (Rendering via Visualhouse)
Watch: Why is Silverstein’s WTC complex still unfinished? TRD weighs in
Watch: Why is Silverstein’s WTC complex still unfinished? TRD weighs in
(Photo Illustration by The Real Deal with Getty Images)
Investors are scoring bulk discounts from strapped homebuilders
Investors are scoring bulk discounts from strapped homebuilders
Beanie Babies founder Ty Warner and 57 East 57th Street (Getty Images, MBandman, CC BY 2.0 - via Wikimedia Commons)
Owner’s feud with Four Seasons leaves Midtown hotel in limbo
Owner’s feud with Four Seasons leaves Midtown hotel in limbo
(Illustration by The Real Deal with Getty Images)
NJ town concocts new excuse for rejecting affordable housing
NJ town concocts new excuse for rejecting affordable housing
From top left: Daniel Moore, Kenneth Bernstein, Andrew Chung, and Marian Klein with  16 Dupont Street,  23-30 Borden Avenue, and Downtown Brooklyn’s City Point (LinkedIn, Getty, City Realty, Green Pearl, KSS Architects, Williams New York)
Outer boroughs rival Manhattan for big real estate loans
Outer boroughs rival Manhattan for big real estate loans
arrow_forward_ios

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

Loading...