Early McDonald’s franchisee sells two 1185 Park units for $17M

Irwin S. Kruger owned the apartment for more than two decades

1185 Park Avenue
1185 Park Avenue

Early McDonald’s franchisee Irwin S. Kruger sold two units at 1185 Park Avenue for $17.3 million.

Sharon Davis, the founder and principal of West Village-based firm Sharon Davis Design, bought the four-bedroom, four-and-a-half-bathroom penthouse for $15.8 million, according to property records. It contains a family room with a billiards table, private elevator landing and a wrap-around terrace. Halstead Property’s Louise Philip Forbes, the broker for the property, confirmed the identity of the buyer.

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Kruger first listed the property last year for $18.5 million. He took it off the market on Dec. 3 and re-listed it a week later with the same asking price. At the time, he reportedly tacked on Unit 1B, a six-room office unit at the first floor, as a bonus to the listing. Dona Kruger, whose address was listed as Kruger’s penthouse, sold the unit to Davis for $1.5 million.

The sales end Kruger’s more than two decades of residency in the building. It’s unclear when he bought the units. However, he has been listed as the owner of 4,500-square-foot penthouse since 1992, property records show.

Kruger is credited for introducing the McDonald’s franchise to Manhattan in 1973. His portfolio of McDonald’s locations include the three-story location in Times Square. Kruger has since expanded from owning McDonald’s franchises. He is the owner of ISK Systems, the fast food franchise operator that brought Smashburger to Manhattan.

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