The Real Deal New York

Manocherian family member buys $9M
UWS condo

He purchased a unit at 360 Central Park West
By Meenal Vamburkar | November 05, 2018 02:30PM

360 Central Park West

UPDATED, Nov. 12, 12:21 p.m.: A member of the family that owns Pan Am Equities just snagged an Upper West Side condominium for just over $9 million.

Alan Manocherian bought a unit at 360 Central Park West for $9.2 million, according to records filed with New York City’s Department of Finance.

The apartment at the Argo Real Estate project was on the market for $9.5 million. Stribling’s Jeffrey Stockwell and Alan Shaker had the listing. R New York’s Alexandra Tawfik was the buyer’s agent.

The condo spans nearly 3,600 square feet and includes and eat-in kitchen with park views. The unit is in a 1929 Rosario Candela building that has been turn into a condo building by Argo and CetraRuddy Architects. Its amenities include a children’s play room, gym and a pet spa.

The Manocherians are among the Persian families — such as the Elghanayans and the Kalimians — that rose to prominence in New York real estate during the 1970s. The buyer’s attorney didn’t immediately respond to request for comment.

Alan Manocherian also owns a waterfront home on Miami Beach’s Venetian Islands, which he bought for $8 million in 2016.

In 2014, Pan Am Equities paid $48.2 million for two commercial condominiums on the Upper East Side — located at 140 East 63rd Street, totaling about 45,000 square feet of space. The seller was Philadelphia-based private equity fund real estate manager Equus Capital Partners. In 2016, Pan Am sold a six-building package in the East Village to the Lightstone Group for $127 million.