KEVIN MALONEY, the founder / principal of Property Markets Group, has paid $11.437 million for a duplex condo in Walker Tower, the luxury conversion he developed in partnership with Michael Stern’s JDS Development.
According to public records, Maloney bought unit 18D through a LLC dubbed KPM Walker 18.
The 2,850 s/f three bedroom, 4-bath duplex has a 413 s/f terrace and a plethora of custom-designed features, including tilt and turn windows, millwork and lighting.
Maloney and JDS’s Michael Stern bought a chunk of the building from Verizon in 2009 for just $25 million and then spent a reported $200 million converting the Ralph Walker-designed Art Deco tower into luxury homes that have achieved record-breaking prices.
The penthouse is reportedly in contract for a record $50.9 million. A second penthouse is listed for $47.5 million.
Once a New York Telephone Company call center, the building is now the ultimate in luxury with residents reveling in their own built-in humidification systems, ultra-quiet central air conditioning system, as well as a dedicated ventilation system.
The amenities package includes a 24-hour doorman, concierge, library lounge with pantry and bar, refrigerated storage for deliveries, children s playroom, bike storage room, fitness center with yoga room, sauna and landscaped common roof deck with dining area, sun lawn, observation area and covered cabana room.
