The prices of Manhattan apartments may have hit a four-year low because of the new mansion and transfer taxes on luxury homes, but some big deals are still getting done. Here are the details.
Source: A TRD analysis of property records filed with the New York City Department of Finance from Sept. 25 to Oct. 7.
1.) Charles Zegar, one of the co-founders of Bloomberg, and Merryl Snow Zegar picked up two condominiums and a storage unit at 240 Riverside Boulevard, also known as The Heritage at Trump Place, for about $5.3 million. Sellers Terence Kooyker, of the hedge fund Blenheim Capital Management, and Katherine Leitch had acquired the Upper West Side units piecemeal since 2013, for a total of a little over $4.7 million. In 2017, Zegar dropped $3.4 million for a Hollywood home in Los Angeles.
2.) Mehdi Khosrow-Pour snapped up a five-bedroom sponsor apartment at Witkoff, New Valley and Fisher Brothers’ 111 Murray Street in Tribeca for $14.9 million. Spanning 3,952 square feet, the deal for the 60th-floor pad works out to $3,770 per square foot. Khosrow-Pour appears to be the founder of publishing company IGI Global. Douglas Elliman Development Marketing is handling sales at the 64-story tower, where a penthouse is asking $40 million.
3.) There have been a slew of big-ticket closings at Vornado Realty Trust’s luxury residential development, 220 Central Park South, marketed by Corcoran Sunshine Marketing Group. One anonymous buyer picked up a 58th-floor unit for $18.5 million. Another picked up a 56th floor pad for almost $41.7 million. And, also through an LLC, Stephen and Grace Park bought a 36th-floor apartment for about $21.9 million.
4.) Peter and Deborah Lamm sold a co-op at 300 Central Park West for $7 million. Peter Lamm is a co-founder at private equity firm Fenway Partners and sits on the board of directors of UNICEF USA. The home, on the 14th floor of the El Dorado co-op on the Upper West Side, first hit the market in 2018, asking $8.75 million, according to StreetEasy. The buyers were William Borner and Kim Koopersmith, partner and chairperson of law firm Akin Gump Strauss Hauer & Feld. Compass’ Alexa Lambert had the listing.