A Duplex at a Candela-Designed Building Closes for $53 Million

In Midtown, two more units closed at the ultra-pricey 220 Central Park South, including one for nearly $42 million, the city’s second most expensive transaction in September.

On the Upper West Side, Philip Lawrence, a music producer and songwriter, and his wife, Urbana Chappa Lawrence, a fashion designer and stylist, acquired a new condominium. And Madeline McIntosh, the chief executive of Penguin Random House U.S., and her husband, the novelist Chris Pavone, bought a co-op at the Dakota.

Downtown, a grand townhouse at the Greenwich Lane complex sold.

The Gutfreund duplex is on the seventh and eighth floors of 834 Fifth Avenue, the majestic 16-story limestone co-op building on the corner of East 64th Street, across from the Central Park Zoo. The apartment house, erected in 1931, is considered one of the architect Rosario Candela’s masterpieces. (It also holds the city’s record for the most expensive co-op sale, set in 2015: a duplex on the 11th and 12th floors acquired for $77.5 million by Leonard Blavatnik, a Ukrainian-born billionaire, from New York Jets owner Woody Johnson.)

The unit has about 12,000 square feet, with seven bedrooms, seven and a half baths, and expansive park views. Monthly maintenance is $36,976, according to the listing with Serena Boardman of Sotheby’s International Realty. Ms. Boardman also represented the buyer, who was reportedly Stanley Drunkenmiller, a billionaire hedge fund manager, but she declined to comment on the transaction.

Gutfreund ran the Wall Street giant Salomon Brothers in the 1980s, and died in March 2016 at age 86. The apartment was sold by his estate, with his wife, Susan Gutfreund, serving as the executor.

Sahred From Source link Real Estate

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