Thursday, February 25, 2016

The Splurge Brigade: Top Residential Real Estate Deals of 2015


New York City has been a real estate hub for a very long time now. Some of the most expensive and sought after apartments and condos in the world are located here. And while there has been an increase in the number of new units introduced downtown, uptown New York still reigns supreme in the market. If one takes a look at the top deals for the past years, it is easy to see that most of these are located uptown. Here’s a brief overview of what the city’s real estate deals were in 2015:

A group of investors led by Perching Square Capital has made one of the biggest deals of the year by purchasing the seventy fifth and seventy sixth floor penthouse at One57. The beauty of this duplex is in its curved glass atrium, which gives an uninterrupted view of Central Park. The purchases were made at an amount of around six and a half thousand dollars per square foot while the going rate was around ten thousand dollars per square foot - quite a steal! Coming in next is Woody Johnson’s former duplex that was purchased by the co-chairman and founder of Access Industries, Mr. Leonard Blavatnik. This deal went down for a cool 77.5 million dollars.

The fourth most expensive purchase was made by a Chinese buyer under the name of Genever Holdings LLC. The co-op was sold by the founder of Liberty travel, Mr. Gilbert Haroche. The deal went down for around 67.5 million dollars, which was quite a come down from the 85 million dollar asking price. At 52 million dollars, a six and a half bath penthouse at Extell Development Company’s Carlton House was sold to someone under the company name of Azalea Holdings, adding to the list of incredible co-op purchases.

The penthouse belonging to Andrey Vavilov was sold at the Time Warner Center for 50.92 million dollars. The house is a six bedroom; eight and a half bath apartment offering full length glass windows. The seventy seventh floor at 157 West 57th Street was bought by Unit 58A Acquisition Corp for 47.78 million dollars. It is a four -bedroom, five and a half bath unit.

A five and a half bath, eighty eighth floor unit at the same location as above was bought by Pac Wholly Own LLC, another foreign buyer. The unit has five and a half baths, and is a little more than six thousand square feet in area. At 45 million dollars, the 18th and 19th floor unit at 15 Central Park West was purchased after having been listed for quite a while. The unit is around five thousand six hundred square feet in area, and has a three hundred and ninety two foot terrace.

Moving towards the second half of the list, the co-founder of Netscape, James H. Clark, purchased an eight bedroom town house at 127 East 70th street for thirty seven million dollars. The place was formerly owned by an Irish businessman Tony White. At 775 Park Avenue, a triplex penthouse was purchased by Elizabeth and Andrew Right. The unit has six bedrooms, eight fireplaces and an elevator. The place was sold for 35.14 million dollars. It was formerly owned by the managing director of Morgan Stanley, Charles G. Phillips, and was sold within a few months of being listed on the market.

Jon Bon Jovi’s seven thousand square foot penthouse was first listed in 2013. It was eventually bought by businessman Gerhard Andlinger, of Austrian origin. The place has six bedrooms, a wood fireplace and a private deck and was sold for thirty four million dollars. A penthouse at Trump International Hotel and Tower was bought by a mystery buyer listed under DLNH and Bean LLC. The unit has four bedrooms, four and a half baths with full length glass windows. The purchase was made for thirty three million dollars.

Making an unusual entry on this list, Harry Maclowe’s condo was sold at 32.66 million dollars, but without any interior walls or furnishings. It was bought by French-born Raymond Svider who is a financier by profession, and the co-chair and co-managing partner of BC Partners. The place is six thousand square feet in area, and he intends to make it his permanent residence. Next, a Greenwich Village townhouse formerly owned by actors Sarah Jessica Parker and Matthew Broderick was bought and renovated by developers David American and Warren Hammerschlag for 11.2 million dollars. The two added a twenty seven foot swimming pool with a jacuzzi and gym, a steam room and a wine cellar. This place is now being sold for a whopping 32 million dollars, purchased by someone under the company name East 10th LLC.

A five and a half thousand square foot unit was bought by a buyer under the name of Hebrews 3:4 LLC. This five-bedroom, five and a half bathroom unit was built by Extell, and sold for 30.68 million dollars. At 30.04 million dollars, a forty five hundred square foot unit was bought by a man named Dongjiang Li. This very luxurious apartment has three bedrooms, four and a half bathrooms, and is surrounded by an array of beautiful views.


And to round off the list, at 1040 Fifth Avenue a unit with a private elevator landing, library, twenty six windows and a wood burning fireplace was sold for thirty million dollars. The building was the former residence of Jacqueline Kennedy Onassis, who lived one floor above. The place was bought by Related CEO Jeff Blau and his wife Lisa. And finally, at 13 E 75th street, Russian billionaire Roman Abramovich purchased a townhouse for thirty million dollars. The place was sold to the Chelsea Football Club owner by investor Mark Fife and his wife Lori.

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