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Casino developer flips 15 CPW unit for $27M

A 2,848-square-foot apartment on the 38th floor of the tower at 15 Central Park West flipped for $27 million, twice its purchase price but less than its asking price.

The seller of the three-bedroom, three-and-a-half bath unit was listed as Coastal Protective Services, which is owned by casino developer Richard Fields. Fields is also chairman and CEO of Coastal Development, a financier of resort, entertainment and gaming properties. He was not immediately available for comment.

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The buyer in the sale, which closed December 12, was identified as GZB New York, according to property records published today.

Coastal Protective Services bought the property in June for $13.35 million, the records showed.

The apartment was originally listed for $35 million in September.
 

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