Garmin co-founder Min Kao lists 15 CPW penthouse for $55M

PH previously belonged to developer Will Zeckendorf

TRD NEW YORK /
Mar.March 18, 2019 03:55 PM

Min Kao, who purchased the 41st-floor condo from developer William Lie Zeckendorf, has listed the unit for $55 million.

The co-founder of GPS maker Garmin is moving — on from his penthouse at 15 Central Park West, that is.

Min Kao, who purchased the 41st-floor condo from developer William Lie Zeckendorf, has listed the unit for $55 million. Records show he paid $40 million for the 4,000-square-foot spread in 2011. At the time, the purchase price worked out to a record $10,000 per square foot.

Zeckendorf — who developed the “limestone Jesus” with his brother, Arthur — snagged the unit for the deeply discounted price of $10.84 million in 2008. He later paid $29.1 million for a co-op at 927 Fifth Avenue.

The three-bedroom has 13-foot ceilings and a 13-foot by 11-foot terrace. The asking price works out to $13,667 per foot, according to a listing provided by Douglas Elliman’s Noble Black.


Related Articles

arrow_forward_ios
From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone

arrow_forward_ios
Loading...