Real Estate Weekly
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HAVE YOU HEARD: Bluerock and TOWN close on pair of penthouses at The Charles

Bluerock Real Estate and TOWN New Development have closed on the two penthouses at The Charles for a record-breaking $58.635 million, combined.

Penthouse One, a quadruplex, closed for $37.94 million — the highest price ever achieved for a residence east of Third Avenue on the Upper East Side.

Penthouse Two, a duplex, closed for $20.695 million. Prices per square foot on both units were also among the highest ever recorded in the neighborhood east of Third Avenue.

Ginger Brokaw and Jason Karadus of TOWN New Development are the building’s exclusive sales agents.

Located at 1355 First Avenue, more than 70 percent of The Charlesʼ 27 units have been sold and the building, which is nearly complete, has already welcomed its first residents.

“The Charles has attracted buyers with a truly exceptional mix of full floor-only residences, light-filled great rooms, sweeping views and superb construction,” Karadus said.

The multi-floor penthouses have 360 degree views from river to river and beyond, with cityscape views to the north and south.

The 12-bedroom, 12-and-a-half bathroom Penthouse One quadruplex is a combination of three units with terraces on two levels, 12 ft. ceilings and a custom-built interior private elevator.

Penthouse Two is an eight-bedroom, eight-bath duplex with an interior circular staircase, custom built 1,200 s/f dressing room, 11.5 ft. ceilings and the same wide-open views.

“The closing of the penthouse units reinforces our belief in the neighborhood was well placed and that our design decisions were in step with the market,” said Ramin Kamfar, CEO of Bluerock.


“We created a residence with the scale and privacy of a townhouse, but with lots of light and with the convenience of high-touch concierge service. The market has responded very well.”

The Charles was designed by architect Ismael Leyva.


Benihana of Tokyo LLC has purchased an apartment at 641 Fifth Avenue in Manhattan — otherwise

Rocky Aoki
Rocky Aoki

known as Olympic Tower — for $2.6M. The seller’s name is Richard Levy.

While the company had no comment regarding the purchase, Olympic Tower is located directly across the street from 645 Fifth Avenue, which houses Benihana’s U.S. corporate facility.

Beniahana has three locations in the immediate New York area, including one at 47 West 56th Street. Olympic Tower opened in 1976 after being developed by Aristotle Onassis.

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