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

PH previously belonged to developer Will Zeckendorf
By E.B. Solomont | March 18, 2019 03:55PM

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.