Majestic Co-op Goes to Wife for $2.475M in Divorce
As part of their recent divorce settlement, Merle Wolf obtained the co-op apartment that she and her now ex-husband David T. Wolff owned on the eighth floor of The Majestic at 115 Central Park West. Public records show that the matrimonial property transfer was valued at $2.475 million.
The Majestic is one of the most prominent co-ops on the Upper West Side, standing at the corner of 115 Central Park West and West 72nd Street. It was built by Irwin S. Chanin during the Great Depression. Although he originally envisioned a 45-story apartment building in 1929 — before the stock market crash — he subsequently modified his design to erect the 32-story apartment in 1931.”
The co-op restricts buyers at The Majestic to financing 50% of the purchase price. Shareholders are treated to multiple doormen staffing a host of entrances to the block-long building. The Majestic has 234 apartments, and it’s a pet-friendly co-op.
The co-op is conveniently located at the A,B, and C subway stops, and is just two blocks form the 1, 2, and 3 trains at 72nd and Broadway.
Noteworthy current and former residents have included:
- Executive J.R. ‘Pitt’ Hyde, III and Barbara Hyde, hallway neighbors of Merle Wolff. The Hyde’s paid $11.75M for their Majestic co-op this past spring./li>
- Hotelier Ian Schrager
- NYC landscaping and horticultural magnateMadelyn Simon
- Gangsters Meyer Lansky, Lucky Luciano and Frank Costello
- Comedian Milton Berle
- Newspaper and radio commentator Walter Winchell
- Broadway actor Zero Mostel
- David Tolley, the Blackstone Group, paid $8.94 million for two co-op apartments on The Majestic’s 31st and 32nd floors.
According to New York City records, David Wolff filed for a contested matrimonial divorce on March 31, 2008. He was represented by Manhattan divorce lawyers at Sheresky Aronson Mayefsky & Sloan, LLP.
Merle Wolff was first represented by matrimonial attorneys at Bronstein Schuck & Poller, which subsequently became part of the Matrimonial Law Group at the now defunct Dreier LLP, the law firm overseen by the now convicted felon Marc Dreir.
Dreir is serving 20 years in federal prison for pleading guilty in May 2009 to conspiracy to commit securities and wire fraud; securities fraud; multiple counts of wire fraud; and of money laundering.