The Real Deal New York

‘Crazy Rich Asians’ producer’s Manhattan pad is on the market for $40M

The home spans about 8,000 square feet
December 19, 2018 01:30PM

Sidney Kimmel and 50 Central Park South (Credit: Getty Images and Corcoran)

A full-floor penthouse at the Ritz-Carlton Residences just hit the market asking $39.5 million.

The sellers are billionaire Sidney Kimmel, who’s produced movies including “Crazy Rich Asians,” and his wife Caroline, the Wall Street Journal reported. The couple bought the home at 50 Central Park South for about $29 million in 2001.

The Corcoran Group’s Steven Cohen has the listing.

The one-bedroom apartment spans about 8,000 square feet and can be configured to have more bedrooms, the report said. It includes a full gym and a 53-foot terrace facing the park. The building’s residents have access to services of the Ritz-Carlton Hotel, including a health spa, lounge and housekeeping.

The Kimmels are selling the home because it hasn’t been their primary residence and Sidney Kimmel’s production work has meant spending more time in Los Angeles. The couple also listed their Malibu property at the end of last year. Originally listed for $81.5 million, the price was later cut to $65.2 million.

Kimmel, 90, sold Jones Apparel Group, the apparel, shoes and accessories company, to a private-equity firm for $2.2 billion in 2014. He has produced more than 50 movies, including “Moneyball” and “The Kite Runner.” [WSJ] — Meenal Vamburkar