Bunny Price Hops From Co-op, Anna Bulgari Pays $3.95M List

by Co-op Board

Bunny Price just sold her Classic 6 co-op apartment at 1040 Madison Avenue (a/k/a 31 East 79th Street) for the original asking price of $3.95 million.

Price is the ex-wife of billionaire Michael F. Price, a billionaire ranked 277th on this year’s Forbes 400 list.

Even in the current housing market, Price turned a nice profit on the sale, getting nearly $750,000 more than the $3.25 million she paid current Lieutenant Governor Richard Ravitch for it in 2006.

Anna Bulgari sold and bought co-op apartments at 1040 Park Avenue, 31 East 79th Street

Neighbor Anna Bulgari, a jewelry designer and member of the Bulgari family jewelry and luxury goods dynasty, bought Bunny’s apartment.

Monthly maintenance on this Classic 6 in the heart of the Upper East Side is $5,253. The doorman building is pet-friendly. Of course, for this kind of money, the apartment comes with a washer and dryer.

Like other apartments in this grand pre-war building, the living room comes with a non-environmentally friendly wood-burning fireplace.

Just days earlier, Bulgari sold her own cooperative in the building for $3.49 million. The buyer was socialite Liliane Peck.

Veteran Brown Harris Stevens broker Phebe Bowditch had the exclusive on Bunny’s cooperative.

There have been a flurry of end-of-the year deals at this corner co-op:

Kim Fennebresque paid $2.9 million for a 7-room co-op that he bought from the estate of late Edythe Acquavella, mother of William Acquavella, owner of the Acquavella Galleries across the street;
Anna Bulgari sold her 4th floor apartment to Liliane Peck on Dec. 23rd;
Followed by Bunny price selling her apartment to Bulgari.

It’s been more than 2½ years since the last sale in the building when J. Whitney Stevens paid $3.25 million for a high-floor co-op in the building.

31 East 79th residents can always stop by neighbor Mayor Michael Bloomberg’s townhouse for a cup of sugar.