Kayce Freed Jennings’ CPW co-op sells above ask

Peabody Award-winning producer’s sale comes as co-ops struggle to attract buyers

Kayce Freed Jennings’ Co-op on Central Park Sell Over Ask
Kayce Freed Jennings and 101 Central Park West (Getty, Google Maps)

A co-op unit at 101 Central Park West that belonged to Peabody Award-winning producer Katherine “Kayce” Freed Jennings sold last month above the asking price.

Unit 11B sold for just over $11 million, according to property records, about 5 percent more than the $10.5 million asking price.

The buyer, listed as The Turtle Trust, acted fast: The unit went into contract in May after only one month on the market, according to a listing on StreetEasy.

Lisa and Bonnie Chajet of Coldwell Banker Warburg

Lisa and Bonnie Chajet of Coldwell Banker Warburg had the listing. They declined to comment. Jennings did not immediately respond to a request for comment.

The three-bedroom, 4.5-bathroom Lincoln Square unit has a 30-foot living room overlooking Central Park through three oversized windows. The room also has a wood-burning fireplace.

Sign Up for the undefined Newsletter

The primary suite offers views of the park and Midtown and the bathroom has double sinks, a shower and a separate tub. Amenities at the building include 24-hour doormen, a fitness center and a resident manager.

The building has attracted some illustrious names over the years. Georgina Bloomberg, daughter of former Mayor Michael Bloomberg, paid $10 million in 2019 for the 12th-floor unit, her family’s second apartment in the building at that time.

Jennings spent 20 years as a producer at ABC News, where she worked on the staffs of Nightline and World News Tonight, among other shows, according to The Documentary Group, a production company she co-founded in 2006. She also worked on World News Tonight with Peter Jennings, hosted by her late husband. She also worked with Ted Koppel, Diane Sawyer and Barbara Walters.

Jennings won Peabody Awards as a senior producer on the documentaries Out of Control: AIDS in Black America and Babyland.

Jennings’ above-ask sale comes at a difficult time for co-ops, which are losing popularity relative to condominiums as buyers tire of opaque and often intrusive co-op boards. Co-op boards can reject buyers without disclosing a reason and can institute a variety of far-reaching rules for their buildings, such as limiting renovations to certain months.

Read more