A commercial developer made a residential move with an uptown deal for $16.5 million.
Charles Bendit and his wife, Karyn, sold 40 West 74th Street to an unknown buyer for $1,500 per square foot, according to public records. Real estate attorney Michael Dinowitz is the trustee for the buyer, noted in documents as 40 West Revocable Trust.
The 11,000-square-foot property is recorded in ACRIS as three separate condos, but a Streeteasy listing depicts it as a two-family home.
The developer paid $1.5 million for the property in 2003, though it appears to have been in the family since Rosalyn Bendit acquired the parcel in 1980.
Bendit and his wife first listed the property for just under $20 million in May 2022 and pulled it off the market seven months later. The pair re-listed the home in March for the same price, but later dropped the ask to $16.9 million.
The 25-foot-wide home, designed by architect Percy Griffin in 1907, spans six floors and has five bedrooms and five bathrooms. It also features a landscaped roof garden, two terraces, an elevator and central air conditioning.
Bendit and the listing broker, Corcoran’s Cathy Franklin, did not respond for comment.
Last November, Bendit and his wife bought a five-bedroom co-op at 15 West 81st Street for $10.5 million.
Bendit is the co-founder and co-CEO of Taconic Partners, which he started with Paul Pariser in 1998.
The commercial developer has worked on projects such as Essex Crossing on the Lower East Side and the redevelopment of the American Bank Note Company Printing Plant in Hunts Point. Taconic was also involved with the 2010 sale of 111 Eighth Avenue in Chelsea to Google.
Since 2021, Taconic has partnered with Nuveen Real Estate on major deals, including the $70 million purchase of an Upper East Side office building and West End Labs, an eight-story, 400,000-square-foot development home to a lifesciences hub at 125 West End Avenue.
Farther north, Taconic and Nuveen teamed up with North American Properties in May 2022 to buy the 74-acre Ridge Hill shopping center in Yonkers for $220 million.
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