New York Life Insurance president’s condo in One Madison hits the market

John Kim is asking for nearly $12 million

New York Weekend Edition /
Sep.September 08, 2018 10:40 AM

(Credit: New York Life Insurance, Douglas Elliman)

The president of America’s largest mutual life insurer is getting ready for retirement.

John Kim will be retiring from New York Life Insurance at the end of the year and his wife and he are planning to move to Naples, Florida, according to the Wall Street Journal.

Before they fly south, however, Kim wants to sell off their 2,723-square-foot Flatiron apartment at One Madison for $11.95 million–just north of the $10.25 million the couple paid for it in 2015.

The three-bedroom condo has a wrap-around terrace, 11-foot ceilings as well as access to building amenities like a fitness center, private screening room, indoor swimming pool and spa.

“It represented for me everything that is New York City, with a perfect view of the Empire State Building,” Kim told the Journal. Douglas Elliman agent Michael Graves has the listing. [WSJ]Erin Hudson


Related Articles

arrow_forward_ios
From left: PropTech's Thomas Hennessy and Joseph Beck; Appreciate's Chris Laurence (Appreciate, LinkedIn/Tom Hennessy, LinkedIn/Joseph Beck, iStock)
Single-family rental platform Appreciate to go public in SPAC deal
Single-family rental platform Appreciate to go public in SPAC deal
From left: Douglas Elliman's Scott Durkin, Stephen Kotler and Avi Dan-Goor (Douglas Elliman, iStock)
Douglas Elliman bets on Vegas in westward expansion
Douglas Elliman bets on Vegas in westward expansion
366 State Street and 37 Sidney Place in Brooklyn (Corcoran, Zillow)
Passive house asking $15M tops Brooklyn contracts
Passive house asking $15M tops Brooklyn contracts
100 Eleventh Avenue (iStock, Rhododendrites/CC BY-SA 4.0, via Wikimedia Commons, Illustration by Kevin Cifuentes for The Real Deal)
Lower-end listings dominate Manhattan’s luxury deals
Lower-end listings dominate Manhattan’s luxury deals
Wildfire, Houses
One in five homes facing wildfire risk, report says
One in five homes facing wildfire risk, report says
(Top) 1580 Meadow Lane in Southampton NY and (Bottom) 2056 Montauk Highway in Amagansett NY (Zillow)
A tale of two oceanfront Hamptons homes
A tale of two oceanfront Hamptons homes
More and more homebuyers and investors are coming to the negotiating table with cash in hand. (iStock)
In cities, “starter homes” getting more difficult to find
In cities, “starter homes” getting more difficult to find
A photo illustration of city developers and preservationists arm wrestling (iStock)
Preservationists and developers duel upstate. Wanna guess who’s winning?
Preservationists and developers duel upstate. Wanna guess who’s winning?
arrow_forward_ios

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

Loading...