The Real Deal Miami

Palm Beach real estate magnate puts Manhattan apartment on market

By Sara Polsky | January 12, 2009 05:59PM

Palm Beach-based shopping center magnate Murray Goldman has listed his Manhattan apartment, at 960 Fifth Avenue, for $32.5 million, according to The 5,300-square-foot unit includes four bedrooms, five full bathrooms and private elevator landings on both floors.

Leonard Steinberg, executive vice president at Prudential Douglas
Elliman, said it’s impossible to know whether the unit will sell in
this market, but that the kinds of high-end buyers who are looking
right now might be interested. “The buyers who are willing to commit
right now are the ones who are looking at the best of,” and the 960
Fifth Avenue unit could present an “opportunity to select the best of
without having too much competition.”

“Two years ago, there might have been a feeding frenzy,” he said. But today, “you can think about it [and] take your time.”

apartments with unique features are still fetching high prices, Paula
Del Nunzio, a Brown Harris Stevens managing director and senior vice
president, said last week on CNBC.

asking price for the 960 Fifth Avenue unit is nearly twice the highest
sales price ever reached in the building. A 4,000-square-foot unit sold
for about $16 million in 2005 or 2006, Steinberg said, and another unit
for $16.5 million.

Eva Mohr, senior vice president of Sotheby’s and the broker for the unit, could not be reached for comment.