Macklowe Properties announced the sale of the penthouse at its 737 Park Avenue condominium project for $32 million — the second most expensive penthouse sale in the history of Park Avenue.
“The record Penthouse sale at 737 Park Avenue validates Macklowe Properties strategy to purchase this overlooked rental building and transform it into a condominium building on par with Park Avenue’s finest co-ops,” said Richard Dubrow, director of marketing at Macklowe Properties, which bought the building in 2011 for a reportedly $250 million.
“Buyer’s have enthusiastically embraced this project and we look forward to a successful completion,” added Dubrow.
The building’s original 104 rental units were reconfigured into 56 condos that are now completed and ready for occupancy.
The remaining inventory includes residence 12A, a 6,111 s/f unit for $25 million.
The $32 million penthouse occupies the entire 21st floor and roof. It has a 6,003 s/f white box interior and 2,271 s/f of wrap-around terrace.
Hilary Landis and Danielle Pessis, associate brokers at The Corcoran Group handled the sale for Macklowe Properties. Adam Modlin, president of The Modlin Group, represented the un-named buyer.
Hudson Gateway Association of REALTORS (HGAR) will hold Garage Sales for Make-A-Wish on Saturday (June 6) from 9 a.m. to noon.
The sales will span six counties and include dozens of real estate agencies.
Last year, HGAR raised almost $8,000 for Make-A-Wish Hudson Valley, the Tarrytown-based non-profit group that grants the wishes of children dealing with life-threatening medical conditions.
At this year’s sales, HGAR agencies will offer discounted items brought in by their agents. For a list of participating agencies, visit www.HGAR.com.
Major League Baseball commissioner Rob Manfred and his wife Colleen have some new digs at The
City records show the couple paid $5.575 million for PHA at 303 East 77th Street.
The four bedroom, 3.5 bath apartment has an 806 s/f terrace.
The 55-year-old Manfred was named commissioner last year after nearly 20 years working for the MBL. A Harvard-educated lawyer, he’d previously served as an outside counsel to the league during the players’ strike of 1994-95, which led to the cancellation of the 1994 World Series.
Built by Alchemy Properties, the upscale Isis is a boutique building with 32 luxury homes with just two to a floor.