By Roland Li
Jared Kushner, the real estate scion and publisher of the New York Observer, has sold his 21 Astor Place apartment for $3.91 million, according to city records.
Kusher, a principal of Kushner Companies, is no stranger to high-end real estate. His company purchased 666 Fifth Avenue, a trophy office tower, from Tishman Speyer in a blockbuster $1.8 billion deal in 2006. In March, Inditex SA purchased the retail condo in the building for $324 million, a U.S. retail record. A Zara clothing store will occupy the 39,000 s/f space.
In September 2009, Kushner launched the Commercial Observer, a weekly newspaper focusing on commercial real estate. (Disclosure: This reporter was formerly a freelance reporter for the Commercial Observer.)
More recently, Kushner married Ivanka Trump, daughter of the real estate developer Donald Trump. As Curbed noted, the couple had been house-hunting, and Kushner likely put the apartment on the market with plans to move to a larger home.
Kushner originally purchased the 2,000 s/f property for $3.225 million in the spring of 2009. It was listed for $4.1 million. The unit, #7F, has two bedrooms and two-and-a-half bathrooms, along with two wine coolers, two steam showers and a surround sound system throughout the apartment. Before Kushner, Carlos Ruisanchez purchased the unit for $1.75 million in 2004.
The buyer was George Miller Luxury Real Estate, LLC. Larry Telelman, the attorney for the buyer, didn’t immediately respond to a request for comment.
Torsten Krines of Sotheby’s International Realty was the listing broker. He didn’t immediately respond to a request for comment.
A spokeswoman for Kushner Companies declined to comment on the sale.
In a separate transaction, Eric Trump, Ivanka’s brother, transferred ownership of his apartment at 100 Central Park South to CPS Apartment 14F LLC for $0. The move appears to be administrative, as Trump also controls that entity.
