Real Estate Weekly
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HAVE YOU HEARD: Most expensive Queens apartment in history sells, JP Morgan exec closes on Park Ave pad

Kurt Simon, the global chairman of mergers and acquisitions at JPMorgan Chase, and his wife, Katherine, have closed on the $13 million purchase a 12-room home at 625 Park Avenue.

The sixth floor apartment has a private elevator and gallery foyer, a living room, library, and formal dining room, each with a fireplace.

The master bedroom, also with a fireplace, has sitting room, dressing room and master bath.

There is a “colossalˮ kitchen, breakfast room, two butler’s pantries, laundry room and a staff room.
Jaclyn Boulan of Stribling & Associates repped the buyers, who join such notable residents as oil magnate Leon Hess and Junk bond billionaire Ira Rennert.

Sharon Baum and David Enloe of Corcoran, repped the seller, a trust linked to retail pioneer, Sy Sym. The asking price was $16.5 million.

The Simons may have had to fork over more had their new home been next to a Target store.

According to a survey from RealtyTrac, last year, home sellers near a Target saw an average 27 percent increase in price since they purchased their home, compared to 16 percent for homeowners near a Walmart.

Homes near a Target also have a higher value on average: $307,286, 72 percent more than the $178,249 average value for homes near a Walmart.


The most expensive apartment ever sold in Queens has closed at a whopping $3.9 million.

Modern Spaces agent Gregory Kyroglou listed unit 107 at The View for $4,145,500 in January.

The three bedroom, 3-bath, 1,842 s/f apartment has floor-to-ceiling, double-paned windows and a private 1,184 s/f outdoor garden.

Paul Shayn
Paul Shayn

The View is right by the water in Long Island City and has a huge rooftop terrace and free membership to the East Coast Club.

Rutenberg agent Paul Shayn brought in the buyer, an engaged local man who had initially been in the market for a single family home.

“The buyer right away liked this condo,ˮ said Shayn, although he and his fiance also had their eyes on a house listed at $5 million.

“In trying to negotiate the house deal, they found themselves facing some difficulties, which extended the process by good three weeks,ˮ added Shayn.

“In the end, they ultimately turned their attention back to the very first condo they had seen at The view.”


On March 23, the Academy for Continuing Education is holding its Monthly Symposium with Esther Muller titled, “News, Views, and Current Trends” at 3 West Club. The all-day event will feature industry leaders, including President of Rutenberg, Stefani Markowitz, Howard Lorber, Louise Sunshine, Gary Malin, Jeff Appel and many more top real estate leaders.

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