Sale for Sale — and Not For Cheap
Manhattan brokers have been whispering for a week that Courtney Sale Ross, widow of the late Time Warner chairman Steve Ross, is quietly shopping her double-wide apartment at 740 Park Avenue — and now the New York Observer confirms that she’s looking for a whopping $60 million-plus, which would set a new Manhattan apartment sales […]
Swig Swatted
Kent Swig, the developer and a resident at 740 Park, made the papers today after being assaulted by a former business partner — with an ice bucket. Cold!
Huang, Dang!
It’s beginning to look like harder times have come to the high end real estate business, and 740 Park is no exception. Here’s a video tour of I-banker Peter Huang’s $38 million duplex. “How did the doorman not tackle the crew as soon as he saw the camera equipment?” curbed.com asks. “Times sure have changed.”
Le Rich? C’est Moi.
Speaking of the rich (see post just below), Holly Peterson has a brief essay in Newsweek about how the super-rich are holding up in the market meltdown. “The bottom line, so to speak: on the Upper East Side, where I have lived for 30 years in a few buildings on the same street, I’ve never […]
Storm Clouds at 740 Park
Maybe the rich aren’t entirely different from you and I. Look at the latest news from 740 Park. Apt. 15B: Stephen Schwarzman‘s Blackstone Group, which went public at $35 a share, closed at $8.00 today — a 75% drop in sixteen months. Apt 17D: “John Thain is boldly going where few have trodden before him. […]
Big Bucks for Barbaralee?
The New York Observer discovers that landmarks maven Barbaralee Diamonstein-Spielvogel and her ad-man hubby Carl (also, coincidentally, a big macher at the Metropolitan Museum) are selling their apartment at 720 Park, asking $37 million-or-so (representing a $17 million profit if they get their price). Which made me mirthful since Barbaralee chastized me when I announced […]
Chicken Brittle
England’s Telegraph says the sky is falling on New York co-op owners, creating an oppportunity for more Brits to invade New York. I say the author of this analysis is more than a little bit clueless — condos are far more vulnerable to a market “moment” than co-ops — but read it and decide for […]
Intel Gap
New York magazine’s Daily Intel has an item today on what it considers some of the most impressive real estate “flips” of city apartments and buildings — and of course, 740 Park is included, but all the facts are not. The tale of this so-called “flip” of the late Janet Coleman’s duplex earlier this year […]
A Speight of Sales
Here’s the floor plan (above) and listing for Randolph and June Speight’s $35 million 15-room duplex at 740 Park . No photos yet.
Mine’s Bigger Than Yours
Here’s one for size obsessives. In Sunday’s Big Deal column in the Times, Josh Barbanel reveals that the empty 740 Park C-line apartment long owned by the late Randolph and June Speight is about to come on the market at $35 million, creating an opportunity to combine it with the just-listed-at-$38 million Peter Huang D-line […]