Edgar Bronfman Sells 1040 Fifth Ave Coop For $21M To Lehrmans
Edgar Bronfman, Jr. just sold his 1040 Fifth Avenue co-op apartment for $21 million to Gerson Lehrman and Marjorie Lehrman.
The enormous 5 bedroom, 5 bathroom cooperative was originally listed by Bronfman for $24 million on January 26, 2008, just a week after he bought it for $19.5 million from J.B. Martin textiles executive Loic De Kertanguy and Rebecca De Kertanguy.
Bronfman, the Chairman and CEO of the Warner Music Group, former executive at media and entertainment conglomerate Vivendi Universal, and the former President and CEO of Seagram’s, the Canadian liquor dynasty and founded by his grandfather Samuel Bronfman and subsequently run by his father Edgar Bronfman, Sr. before passing on control to his second-oldest son.
Thomas Lehrman a Board member, co-founder and former CEO of the Gerson Lehrman Group, a well-respected Wall Street research firm boasting contacts with 200,000+ industry experts. The Yale Law School graduate was recently served under the Bush Administration as Director of the Office of Weapons of Mass Destruction (WMD) Terrorism at the State Department, and before that, on the professional staff at the President’s WMD Commission.
Brown Harris Stevens power broker Alina Pedroso had the exclusive.
The 11-room apartment has 2 woodburning fireplaces, a library overlooking Central Park, and stunning views of Central Park that sweep from the Reservoir to Central Park South, with a fantastic view of the Metropolitan Museum of Art’s Temple of Dendur, and storied buildings along Central Park West.
Monthly maintenance charges are a whopping $8,614. The apartment includes a huge maid’s room or servant’s quarters, and a legal washer and dryer, something that many coop boards are loathe to allow.