91 CPW Co-op Apartment Sells For $7M, a 60% Return After 2.5 Years | NYC Co-op Apartment Sales
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91 CPW Co-op Apartment Sells For $7M, a 60% Return After 2.5 Years

Medical venture capitalist Charles C. Cahn, Jr. just paid $7 million for a co-op apartment at 91 Central Park West.

This Classic 6 apartment has 3 bedrooms, 3 baths, and a fantastic view of the Macy’s Thanksgiving Day Parade.

John Burger at Brown Harris Stevens had the exclusive listing.

The pre-war cooperative was built in 1921, has 15 floors, and approximately 96 apartments. Monthly maintenance charges for the unit were listed at $3,807, of which approximately 52% is tax deductible.

91 Central Park West

The sellers were Daniel Dokos, a corporate lawyer at Weil, Gotshal & Manges, and his partner Glenn Finn who worked as the Chief Operating Officer for Tweedy, Browne Co. investment advisors, according to a Hillary Clinton for President 2008 FEC filing.

While foreclosures were running rampant around the country, Dokos and Finn can smile all the way to the bank about having bought this apartment. They bought the Upper West Side co-op in April 2007 for $4,377,500.00, flipping it for a 60% return in a little over 2½ years.

$2,622,500 isn’t a bad return when you consider that the financial and national real estate markets plummeted starting in late 2008.

Dokos is chairman of Weil Gotshal’s firm’s banking & finance practice and a member of the law firm’s 16-member firm Management Committee.  He a member of WEGALA, the law firm’s Lesbian, Gay, Bisexual and Transgender Affinity Group, and extols Weil’s focus on diversity in the firm’s 2009 Diversity Brochure.

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1 Real Estate Sold: Central Park West Co-op Flips for 60 Percent Profit in 2.5 Years { 01.28.10 at 4:00 pm }

[…] prices are down 30 percent from their peak? — a 3BR, 3BA co-op at 91 Central Park West has closed for $7 million, a 60 percent return on the 2007 purchase price. The co-op, corner apartment #13B, […]

2 Anonymous { 02.21.10 at 10:54 am }

This is ridiculously misleading and a perfect example of how incredibly irresponsible the press can be. The renovation of the property cost close to $2M not to mention the time and aggravation of an absolutely exquisite reno…and it is the best line in a pristine building where not much turns over. If you’re going to report something like this, perhaps make an effort to be more accurate.

3 Rudy { 05.12.10 at 2:20 pm }

FOR SALE…… GRATE DEAL ……. 2 bedroom coop apt, in Hamilton heights 134st between broadway and Amsterdan ave ( manhattan) (City College University, Columbia University, # 1 Train Station 2 minute away in the neighborhood)

4 Anonymous { 04.15.16 at 6:32 am }

The 8-room “A” line is the preferred and larger line at 91. The “B” is a classic 6. Check prices on completely un-renovated “A” apartments. They are rarely available and sales since 2011 on the higher floors have been 7.3 and 8.3 for homes that were then completely gutted.

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