Daniel Och wants $12K a foot for his 15 Central Park West penthouse

The investor picked up the home in 2008 for $22M

TRD New York /
Aug.August 07, 2019 02:00 PM
15 Central Park West and Och-Ziff Capital Management founder Daniel Och (Credit: StreetEasy and Getty Images)

15 Central Park West and Och-Ziff Capital Management founder Daniel Och (Credit: StreetEasy and Getty Images)

UPDATE, August 7, 2:50 p.m.: Daniel Och is targeting an eye-popping $12,000 a foot for his penthouse atop 15 Central Park West, among the highest asks in the city.

Och, the founder of Och-Ziff Capital Management, shelled out $22 million for the penthouse in 2008, which he bought as a white box from Zeckendorf Development that he then customized. The roughly 4,700-square-foot apartment comes with three bedrooms and a library, along with 1,600 square feet of outdoor space.

The Corcoran Group’s Deborah Kern is listing the unit, which is priced at $57.5 million.

Like several other business magnates with 15 CPW addresses, the hedge-funder recently purchased a pad at Vornado Realty Trust’s 220 Central Park South, though it’s unclear what he paid or which unit he snagged.

An analysis by City Realty last year found that the Robert A.M. Stern-designed tower has aged quite well. The limestone property averaged $6,045 a square foot in sales between April 1, 2017 to March 31, 2018, the best mark in New York.

Elsewhere at 15 CPW, dentist Dr. Alexander Mikhailov is listing his 34th-floor apartment for $26.5 million. In January, a Brazilian beer magnate picked up a second unit there for $18 million.

Former Citigroup chairman Sanford Weill sold his apartment at 15 Central Park West in 2011 for $88 million, which at the time was a Manhattan record. [WSJ] — Mary Diduch

Correction: A previous version of this article gave the incorrect asking price and price per square foot of the transaction should the unit sell at its asking price. The correct asking price is $57.5 million, and the price per square foot is about $12,200.


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
José Calderón and 235 West 75th Street (Calderón by Borja B. Hojas/Getty Images; Google Maps)

Former Knick scores unit at HFZ’s Upper West Side condo

Former Knick scores unit at HFZ’s Upper West Side condo
Imperial Hotel at 307 West 97 Street (Photo via Google Maps)

UWS hotel settles with city over illegal short-term rentals

UWS hotel settles with city over illegal short-term rentals
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Steve Roth and 220 Central Park South (Getty)

Vornado’s 220 CPS sees $100M deal at staggering $12,000 a foot

Vornado’s 220 CPS sees $100M deal at staggering $12,000 a foot
Jeffrey Epstein and his two properties to recently hit market, 9 East 71st Street in New York and 358 El Brillo Way in West Palm Beach (Getty, Google Maps, StreetEasy and Corcoran Group) 

Brokers vied for Epstein listings. Can they sell them?

Brokers vied for Epstein listings. Can they sell them?
arrow_forward_ios

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

Loading...