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

A penthouse in NoMad is off the market for $17M, a hedge funder buys a white-glove UES co-op

TRD New York /
May.May 31, 2019 01:01 PM
277 Fifth Avenue and 71 Laight Street (Credit: Wikipedia)

277 Fifth Avenue and 71 Laight Street (Credit: Wikipedia)

Some eye-catching deals in New York City’s residential real estate world this past week include an Upper East Side co-op trading between investors and the sale of a penthouse at 277 Fifth Avenue to a mystery buyer.

Source: A TRD review of public records filed with the New York City Department of Finance from May 23 to May 30.

1.) An anonymous buyer shelled out $17.25 million for a penthouse on the 52nd floor at 277 Fifth Avenue in NoMad, which was developed by Lendlease and the Victor Group and designed by Rafael Viñoly Architects. The penthouse, now owned by “Real North America, Inc.,” spans 4,298 square feet, pricing the deal at about $4,013 per square foot. Corcoran Sunshine is handling sales at the 55-story building, completed in 2018. The top-level penthouse remains on the market, asking $27 million.

2.) A co-op at the 15-story 941 Park Avenue in the Upper East Side sold for $10.25 million. The buyers were Eliav and Nina Assouline. Eliav Assouline had been a founder of hedge fund Axial Capital Management, which shut down in 2013, and Nina Assouline is an attorney. The seller was investor James W. Harpel, a partner at Palm Beach Capital in Florida who had owned the co-op unit for decades. In 2017, Harpel and his wife Judy Howard Harpel sold their Colonial Revival mansion in Palm Beach for $20 million to a trust. It had first been asking $32 million.

3.) Philip Uhde, who appears to be the managing partner at Echinus Partners LP, and Rebecca Harrington picked up a 3,708-square-foot condominium unit at the Sterling Mason, located at 71 Laight Street in Tribeca, for $9 million. The deal translates to about $2,427 per square foot for the five-bedroom apartment, which was first priced at $9.81 million when it hit the market in September, according to StreetEasy. Seller 71 Laight Street 3C LLC bought the pad in 2016 for $9.27 million. The Corcoran Group had the listing. A penthouse at the building recently sold for $13.2 million.

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