Baccarat Residences at 20 West 53rd Street went on the market this March with 61 units. Prices vary from $3.5 million for a one-bedroom unit up to $60 million for the penthouse. The average square-foot price for the 61 units is $4,500. Now, the Baccarat has just sold its second apartment, a four-bedroom unit with 4,545 square feet, for an incredible $20.25 million. The first unit contracted, a one-bedroom unit on the 24th floor with 932 square feet, went for $2.7 million.
Steve Madden: Steve Madden, the footwear giant, and his wife, Wendy Ballew, have just listed their luxurious Italianate style townhouse for $9 million. The townhouse, which is located at 175 East 73rd Street, originally consisted of three separate units. The couple purchased the first apartment in 2006 for $3.6 million, the second in 2009 for $2.2 million, and the third only a few months ago for $1.9 million. Strangely enough, right after the couple finishes consolidating the three apartments into the house of their desires, it goes right back on the market.
350 West Broadway has finally sold its penthouse for a strongly chopped price of $17.5 million. The building built in 2008 initially offered the apartment for $26 million. A price drop followed in 2012 to $20.65 million. The developer, Aby Rosen, had to accept a further price crunch and accepted a deal for $17.5 million. Mr. Rosen has built a reputation as a savvy deal maker with a taste for important real estate.
Goldman Sachs executive J. Michael Evans has sold his condo inside Park Laurel at 15 West 63rd Street for whopping $23.75 million. The penthouse, designed by Gwathmey, was sold just in the nick of time, right before the New Year. Well, it was most likely a wise decision in order to avoid capital gains taxes brought by the fiscal cliff.
A four-bedroom pad was traded for a whopping $32.5 million. At first sight it doesn’t sound that impressive, considering it’s 15 CPW, but it was purchased only 5 years ago for $16.9 million. Making the owner a profit of nearly 100%. That’s the magic of 15 Central Park West. It’s probably New York’s most secure type of real-estate investment. And who would know better than the sellers of their luxury condo, former Lehman Brothers executives Arthur and Evelyne Estey.
James H. Dhal, an environmentalist and founder of the Florida-based Rock Creek Capital and his lovely wife Kathleen Dahl have sold their ultra-luxury, three-bedroom condo inside One Beacon Court at 151 East 58th Street for $13.5 million. The asking price for the apartment was $13.57 million and was listed in August 2012. The deal closed on December 28., right before higher capital gains tax would threaten the Dahls. Just in time to avoid the fiscal cliff.
The Azure penthouse is back on the market for $13 million. The 34-story building located on the Upper East Side at 333 East 91st Street has had quite a rough time after its crane accident killing two people. Almost five years have passed since the incident, and Azure has started making its comeback with 65 percent of its units already sold.
Glen T. Senk, former CEO and director of Urban Outfitters Inc, has sold his Upper East Side co-op for $5 million, according to city records. Mr. Senk bought the UES pad at 1060 Fifth Avenue for $4.56 million in 2006. The initial asking price was $5.95 million back in January but it was reduced to $5.495 million and finally sold for $5 million, after it had been on the market for over 41 weeks. Betsy Green of Prudential Douglas Elliman exclusively brokered the apartment until May when her exclusive expired. Leighton Candler of The Corcoran Group successfully took over the listing.