The Wilf family just bought this sprawling Midtown compound for $75M

The deal includes two adjoining homes and a small office building

New York /
Mar.March 07, 2019 04:05 PM

9-11 West 54th Street and Skyline Developers president Orin Wilf (Credit: Skyline Developers)

A massive Manhattan compound near Billionaires’ Row has sold, but the $75 million question is what the new owner has planned for the site.

The Wilfs, the family behind Skyline Developers, paid $75 million to acquire the property at 9-11 West 54th Street, which features two adjoining homes and a small office building. If converted to a single-family home, the residence would span about 22,500 square feet — making it one of the largest mansions in Manhattan.

But Orin Wilf told the Wall Street Journal he wasn’t yet sure what he was going to do with the property.

The home was originally constructed for James J. Goodwin, a cousin and business partner of financier J. Pierpont Morgan. Over the years, the buildings have served as a school and as headquarters for U.S. Trust. The buildings are 50 feet wide and originally included 11 master bedroom suites, 11 additional staff bedrooms and 12 fireplaces. They were designed by McKim, Mead & White.

DLJ Real Estate Capital Partners and J.D. Carlisle purchased the buildings for $29 million in 2009. They hit the market for $65 million in 2015, and the asking price was later lowered to $59 million. The office building at 10 West 55th Street wasn’t part of the original offer and thus not included in the original asking price.

Corcoran Group’s Cathy Franklin brokered the deal. [WSJ] — Meenal Vamburkar


Related Articles

arrow_forward_ios
645 Madison Avenue (Google Maps)
645 Madison ground lease trades to Titan Golden for $27M
645 Madison ground lease trades to Titan Golden for $27M
Blackstone's Stephen Schwarzman (Getty)
Blackstone buys logistics portfolio for $2.8B
Blackstone buys logistics portfolio for $2.8B
Virtual real estate speculators notch another record deal
Virtual real estate speculators notch another record deal
Virtual real estate speculators notch another record deal
 Jeff Sutton of Wharton Properties, 25 West 34th Street in NYC (Google Maps)
Jeff Sutton’s Midtown hotel project snags Sonder as first tenant
Jeff Sutton’s Midtown hotel project snags Sonder as first tenant
City law protecting commercial tenants upheld on appeal
City law protecting commercial tenants upheld on appeal
City law protecting commercial tenants upheld on appeal
Last-mile facilities dominating industrial real estate
Last-mile facilities dominating industrial real estate
Last-mile facilities dominating industrial real estate
Newest unicorn is property-services startup Lessen
Newest unicorn is property-services startup Lessen
Newest unicorn is property-services startup Lessen
277 Fifth Avenue and Shokai Group's Shawn Xianyang Zhang (277 Fifth Avenue/Rafael Viñoly, Shokai Group)
Shokai Group picks up unsold NoMad condos for $81M
Shokai Group picks up unsold NoMad condos for $81M
arrow_forward_ios

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

Loading...