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Tagged: Real estate

Buyers & Sellers

Hedge Fund Star Closes on Central Park West

147084• Paolo Pellegrini, the white-hot hedge fund manager who started his own firm last year after working for billionaire John Paulson, has closed on the purchase of a 3,500-square-foot apartment at 88 Central Park West. Pellegrini and his wife Henrietta paid $9 million for the co-op, down from the $10.995 million asking price that owners Ray Errol Fox and Jean Thomas were seeking. The apartment was first listed in May 2008 for $12.995 million. [Cityfile, Stribling]
• Victoria's Secret president Ed Razek has sold his UES pied-à-terre. Razek sold his one-bedroom co-op at 32 East 64th Street for $2.25 million. [Cityfile]
• Deborah Doyle McWhinney, who was appointed as the head of Citi's Personal Wealth Management division this spring, has picked up a new apartment. McWhinney paid $2.88 million for a co-op at 25 East 86th Street. [Cityfile]

The Left Coast

DJ AM's LA Home Hits Market | DJ AM's Lafayette Street apartment hasn't gone up for sale yet, but his Beverly Hills house can now be yours for $3.795 million. Real Estalker has the photos and details. [Real Estalker]

Buyers & Sellers

Park Laurel Duplex Penthouse Goes into Contract

146943• Less than two months after investor and philanthropist Ephraim Gildor put his duplex penthouse at the Park Laurel back on the market for $28 million, it looks like he's already found a buyer. The 7,758-square-foot apartment with seven bedrooms and terrace went into contract late last week. [Cityfile, PDE]
• Hedge fund manager Steve Eisman, who took a loss on the sale of his old apartment at 1125 Park Avenue back in August, has picked up something new. He's closed on a four-bedroom penthouse duplex at 1120 Park Avenue for $7.4 million, which is 36 percent less than the original asking price. [NYT]
• Christopher Nixon Cox, the grandson of Richard Nixon, has sold his two-bedroom apartment at 10 East 70th Street for $1.4 million. [Curbed]
• Renowned sculptor Louise Bourgeois has been identified as the buyer behind the purchase of costume designer William Ivey Long's townhouse on West 20th Street. Bourgeois' Easton Foundation picked up the building for $4.75 million and will reportedly use it as an exhibition space and archive for Bourgeois' collection of books and film. [NYT]

Branding

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Ferrari Sets Its Sights on Luxury Real Estate | If you loved the idea of a Hermès-branded helicopter, you're going to be thrilled to hear that Ferrari is now in talks to stamp its name of a line of luxury homes. If the deal goes through, you'd have to move to Abu Dhabi to actually be able to move into a house with a prancing horse statue on the roof. But that may not be such a bad thing considering you'd be close to the long-delayed Ferrari indoor amusement park that, when finished, will boast the world's fastest roller coaster. [Maktoob via WSJ]

Buyers & Sellers

Jack Welch Expands; Kimora Lee Cuts Prices

146814• Former General Electric CEO Jack Welch has closed on the purchase of an apartment on the 46th-floor of One Beacon Court. It's located next door to the apartment he already owns. And the legendary exec—who just got out of the hospital a couple of weeks ago—scored a pretty good deal, too: Welch paid $8.3 million for the apartment, or nearly $1 million less than what it was first listed for back in February. [Cityfile, previously]
Kimora Lee Simmons has dropped the price of her blingtastic mansion in Saddle River, NJ. The four-acre estate, which first went on the market for $23 million last year, is now listed for just $16.5 million. [NYP, Sotheby's]
• Restaurant mega-publicist and Iron Chef America judge Karine Bakhoum has put her co-op at 205 East 69th Street on the market. The three-bedroom pad with fireplace and chef's kitchen is listed for $2.35 million. [NYP, Halstead]More

Buyers & Sellers

West Coast Investor Buys Big at 15 CPW

146744• Israeli-born entrepreneur Beny Alagem has closed on the sale of his three-bedroom apartment at 15 Central Park West. The 15th-floor condo, which Alagem and his wife Adele bought for $15.4 million in April 2008 and listed for $24 million last June, ended up selling for $19.9 million. The buyer is Stuart Peterson, the president of Silicon Valley's Artis Capital Management. Peterson, who made a fortune as an early investor in YouTube, set the record for purchasing the most expensive home in Bay area in 2006. [Cityfile]
• Armon Bar-Tur, a managing director at SafeHarbor Capital Partners, and his wife Rebecca, have put their townhouse at 92 Charles Street on the market. The four-bedroom home, which the couple picked up for $6 million in 2006, is now listed for $14.5 million. [Curbed, Corcoran]
• Renowned Broadway costume designer William Ivey Long has sold his Chelsea townhouse. The restored home at 349 West 20th Street, which Ivey bought back in 1994, sold for $4.75 million. [Cityfile]

Buyers & Sellers

Bernie's Montauk Mystery Buyer Revealed

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• The buyer who plunked down $9.41 million on Bernie and Ruth Madoff's oceanfront home in Montauk home has been revealed: It's billionaire real estate mogul Steve Roth and his wife, Broadway producer Daryl Roth. [WSJ]
• Alexander Navab, a partner at KKR and co-head of the firm's private equity business in North America, has paid $4.9 million for a two-bedroom co-op at the River House on East 52nd Street. Meanwhile, his four-bedroom spread just a few floors up remains on the market for $24.5 million. [Cityfile]
• The Minetta Lane townhouse owned by late party planner Robert Isabell has been reduced in price since first going on the market for $3.95 million. The 2,813-square-foot building, which features a "basement hand-chipped by Tibetan-born sherpas from Brooklyn," is now $3.45 million. [Curbed, MKMore

Real Estate

Hamptons, Revived | The Hamptons real estate market seems to be rebounding a bit. According to a new report released today, third quarter sales were up 50 percent from the previous quarter and prices only fell 2.4 percent, which in these challenging times is considered a cause for celebration. [Crain's]

Buyers & Sellers

A Sale at 15 CPW; Bobby Flay's Hamptons Buy

146515• One month after he unloaded his Greenwich mansion for $18.7 million, former Goldman Sachs partner Donald Opatrny has shed himself of his apartment at 15 Central Park West, too. The 35th floor, three-bedroom condo, which Opatrny purchased for $11.6 million in January 2008 and listed for $26 million in June 2009, sold for $21.5 million to an unidentified buyer. [Real Deal]
Bobby Flay and wife Stephanie March have a new Hamptons home in mind. The couple paid $1.485 million for a 2.89-acre parcel of land in Amagansett, where they're reportedly planning to build a "green" home. [Newsday]
Steve Madden is spreading out at 175 East 73rd Street. The footwear mogul has paid $2.2 million for a second co-op in the five-story building. Three years ago, he paid $3.6 million for the apartment next door. [Cityfile]

Buyers & Sellers

Madoff Home Fetches $9.4 Mil; Ridley Sells at 15 CPW

146482• A month after it was reported that Bernie Madoff's Montauk home had gone into contract, an unidentified buyer has closed on the purchase of the oceanfront manse. The five-bedroom, 3,000-square-foot home, which had been listed for $8.75 million, ended up selling for $9.41 million. [ABC, NYDN]
• Writer/director John Ridley has finally unloaded his condo at 15 Central Park West. The 2,237-square-foot pad, which Ridley bought for $6.65 million in July 2008 and listed for $13 million just a few days later, has sold for $8 million to a company listed in property records as Moral Hole LLC. [Cityfile]
• Oil exec Tom Edelman has placed his 11-room apartment at 770 Park Avenue back on the market, albeit for quite a bit less than when he last put it up for sale a year and a half ago. The eighth-floor co-op, which Edelman listed for $16.75 million after picking up a bigger apartment at 775 Park, is now being offered for $11 million with Brown Harris Stevens' John Burger. [NYT, BHS]
• Late fashion designer Abbijane Schifrin's former townhouse at 141 East 19th Street has gone on the market. The five-story manse, which is currently divided into two units, is listed for $8.75 million. [NYT, Sotheby's]

Wall Street

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Bank of America Loses (And Gains!) | It's not all bad news for Bank of America today. Sure, the financial giant announced a $1 billion loss for the third quarter following heavy losses in its mortgage and credit card divisions. But it made some of it back within hours. Property records filed with the city today indicate the bank sold off its corporate apartment in the Time Warner Center for $7.2 million, and it purchased the place for $6.35 million three years ago. So if you're a Bank of America shareholder and it makes you feel any better, feel free to adjust the loss downward to 999,150,000. [NYT, NYO]

Buyers & Sellers

Gisele Finds a Buyer; JetBlue CEO Sells

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• After more than two years on the market, Gisele Bundchen has finally found a buyer for her triplex penthouse at 347 West 11th Street. The supermodel didn't make out nearly as well as she'd been hoping when she first put the 1,700-square-foot apartment up for sale. Originally priced at $10.9 million in Sept. 2007, the pad was listed for $4.5 million when it went into contract last week. Hopefully she'll have better luck with the Barrow Street townhouse that she wants to sell. It's still on the market for $13.95 million. [WSJ, PDE]
• Dave Barger, the CEO of JetBlue, has taken a loss on the sale of his 11th-floor apartment at The Plaza. The two-bedroom pad, which Barger picked up for $10 million in 2007, just sold for $9 million. [Cityfile]
• Daniel Radcliffe has paid $5.65 million for a five-bedroom townhouse at 339 West 12th Street. The 3,000-square-foot property comes with six fireplaces and a balcony that overlooks a 39-foot-long backyard. [NYO]
• Publishing heir James Fairchild and his wife Whitney, who sold their Sutton Place apartment last year for $9 million, have picked up a new home in the Hamptons. The couple has gone into contract to buy a "fixer-upper" in Southampton for "well under" its asking price of $11 million. [NYP]

Buyers & Sellers

Alexis Stewart Re-Lists in Tribeca

146354• Alexis Stewart is hoping the third time is the charm when it comes to unloading her apartment at 27 North Moore Street. The 3,884-square-foot duplex penthouse loft, which Stewart tried to sell for $12.4 million in both 2007 and 2008, was taken off the market most recently this past July. But now the apartment is back—and it's sporting a higher price tag, too. The loft is currently listed for $12.95 million with Prudential Douglas Elliman's Dolly Lenz. [Cityfile, PDE]
• Jude Law is renting a three-bedroom apartment at the Novare on West 4th Street. What he's paying for the rental isn't clear, but the 3,500-square-foot apartment is up for sale for $7.8 million if you're interested. [NYP, BHS]More

Buyers & Sellers

Whoopi Finds a Buyer

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Whoopi Goldberg has gone into contract to sell her two-bedroom loft at 101 Wooster Street. The comedian, actress, and View co-host put the apartment on the market for $3.99 million back in June and closed on the purchase of a home in West Orange, NJ just last week. [Cityfile, Sotheby's]
• After going into contract (and falling out of contract) multiple times, the triplex penthouse at 895 Park that belonged to the late movie producer and clothing entrepreneur Charles Evans has finally found a buyer. The four-bedroom apartment, which was first offered for $29.5 million in 2007, was purchased for $15 million by Robert Weisz, the CEO of the commercial real estate company the RPW Group, and his wife Cristina. [Cityfile]More

Buyers & Sellers

Kimora's East Hampton Sale; A New Listing at 740 Park

146241Kimora Lee Simmons is looking to unload a decidedly modest home she owns in East Hampton. The 2,300-square-foot home, which Kimora picked up for $690,000 in 2003, is currently listed for $800,000. Don't expect to find any evidence that the Queen of Bling has spent much time there: In addition to the much larger estate she owns nearby, she also has a $20 million mansion in Saddle River, NJ, which has been on the market since 2007. [Real Estalker, PDE]
• Retired tech exec Lawrence Mueller and his wife Mary Kay have dropped the price of their three-bedroom condo at 15 Central Park West five months after first listing it for $16.5 million. The 25th-floor condo, which the couple bought for $5.99 million in late '07, is now priced at $15.5 million. [Curbed, PDE] More