These are some of the most notable resi sales of the week

Former CEO of Turner Broadcasting snapped up a home in Hudson Yards

New York /
May.May 13, 2019 03:30 PM
John Loeb Jr. and 237 East 61st Street in Lenox Hill (Credit: Google Maps and Wikipedia)

John Loeb Jr. and 237 East 61st Street in Lenox Hill (Credit: Google Maps and Wikipedia)

Some of the residential deals in New York City last week that caught our eyes included an upgrade at a NoMad condominium and the sale of a townhouse that, in its heyday, held parties that drew out royal guests.

Source: A TRD review of public records filed with the New York City Department of Finance from May 6 to May 10.

Kevin Oram, co-founder of Praesidium Investment Management, and Iliana Pappas are trading up at 212 Fifth Avenue, a luxury NoMad conversion from Madison Equities, Building and Land Technologies and Thor Equities. The pair bought a five-bedroom, 4,155-square foot unit for $14.3 million, a deal that prices out to $3,441 per square foot. Meanwhile, Oram and Pappas also sold back to the developers another unit several floors below for $11.4 million. In January, the retail space at the 24-story building sold for $26.5 million to an international investor. Sotheby’s International Realty is marketing the residential condominiums there.

2. Through a trust, Philip I. Kent, the former CEO of Turner Broadcasting System Inc., dropped $7 million on a pad in the new 15 Hudson Yards — not too far from 30 Hudson Yards, where Turner’s parent company, WarnerMedia, has its headquarters. The two-bedroom, two-and-a-half bathroom home measures 2,076 square feet, pricing the deal at just over $3,400 per square foot. Corcoran Sunshine Marketing Group and Related Sales LLC are marketing the condominiums in the 88-story 15 Hudson Yards, a development from Related Companies and Oxford Property Group.

3. John L. Loeb Jr., who served as the U.S. ambassador to Denmark in the 1980s and a delegate to the United Nations, parted with a townhouse at 237 East 61st Street in Lenox Hill for $6.4 million. The buyer of the five-story home, which dates to 1875, was “237 East 61st LLC.” Loeb picked up the 20-foot-wide townhouse in 1961 for $200,000, when he was a partner at Wall Street firm Loeb, Rhoades & Co., according to the New York Times. Over the years, the townhouse had seen an array of famous guests, including Nancy Reagan and Prince Frederick of Denmark. But looking to spend more time at their estate in Purchase, New York, Loeb and his wife, Sharon Handler Loeb, decided to sell the property last year, listing it at $8.9 million. Richard Ziegelasch and John Burger of Brown Harris Stevens represented the seller, and Barbara Fox represented the buyer.


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