These are some of the most notable resi sales of the week
An East Village townhouse is off the market for $16M
The sale of two ultra-luxury pads at Vornado Realty Trust’s 220 Central Park South — to two fairly similar Luxembourg-based companies — wasn’t the only New York City residential sale that caught our eye this week. Other top deals include the sale of a townhouse in the East Village that dates to the late 19th century and a sponsor unit at The Shepherd condominium in the West Village.
Source: A TRD review of public records filed with the New York City Department of Finance from May 15 to May 22.
1.) An entity tied to William N. Joy shelled out about $15.75 million for a four-story townhouse at 64 East 7th Street in the East Village. Joy appears to be the principal of a Florida-based investment firm Water Street Capital Inc. The 7,500-square-foot, 25-foot-wide home comes with five fireplaces and a rooftop garden, according to its StreetEasy listing. It was originally asking $18 million, and Ron Teitelbaum had the listing. The sellers were two trusts and Lisa J. Fox.
2.) Frank Roessler, founder of multifamily investment firm Ashcroft Capital, bought a sponsor unit at 275 West 10th Street— also known as the Shepherd condominium — for roughly $9.9 million, according to records. The deal pencils out to $3,322 per square foot. The Naftali Group, the private real estate development and investment firm founded by Miki Naftali, renovated the 12-story building, which dates to 1896. Stribling originally listed the six-room, 2,995-square-foot unit for $10.25 million in July 2018, according to StreetEasy. Penthouse B remains on the market for $23.95 million after seeing its price drop from $24.5 million.
3.) Park Suite Hotel, Inc., whose president is listed as attorney Jeffrey Wacksman, a partner at Loeb, Block & Partners, bought back a co-op at the Sherry Netherland, located at 781 Fifth Avenue, for $5 million. The entity had first sold the two-bedroom apartment on the 23rd floor to seller AHST 71 LLC for the same price just last fall. And also in the fall, Park Suite Hotel bought Howard Lorber’s former pad on the 30th floor for $11 million.