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

The home spans about 8,000 square feet

TRD New York /
Dec.December 19, 2018 01:30 PM

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


Related Articles

arrow_forward_ios
Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

Daily Digest Thursday

Worker killed at Lam Group construction site, Uber signs WTC lease: Daily digest

Developers are offering to pay the increased mansion and transfer taxes to give them an edge in a difficult market. (Credit: iStock)

Amid slow sales, developers give buyers a break on mansion taxes

Triplemint’s David Walker and John Scipione with Hoboken, New Jersey (Credit: iStock)

Triplemint expands to New Jersey

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

arrow_forward_ios