1030 Fifth Avenue Co-op Sells for $8.898M, Finally
After a year and a half on the market, multiple brokers, and many more price drops. David Fleiss and Karen Fleiss sold the lower floor of their former duplex co-op apartment at 1030 Fifth Avenue for $8.898 million.
The sales price for the 10-room, 4 bedroom, 3 bath Fifth Avenue apartment is a pittance compared to the $47 million that the Fleiss’s originally sought for the duplex. Monthly maintenance on this pre-war co-op is $6,950
Dolly Lenz at Prudential Elliman closed the deal for the Fleiss’s. Their first broker was Corcoran’s Sharon Baum, followed by Fritizi Kollip at Brown Harris Stevens.
The buyers are Richard ‘Duke’ Buchan, III and Hannah Buchan.
Duke is the principal of investment fund Hunter Global Investors. According to New York CIty records, the Buchan’s sold their 840 Park Avenue co-op for $10.75 million last May, having bought it just 2½ years earlier for $9.55 million. The Buchan’s put serious money into renovating that apartment before selling it and renting before buying at 1030 Fifth.
The Buchan’s new neighbors at 1030 Fifth include:
- Robert Redford
- Diane Sawyer and Mike Nichols
- Blue Ridge Capital’s John Griffin and Amy Griffin
- The Blackstone Group’s Prakesh Melwani and Anjali Melwani
- Producer Wendy Finerman and David Peterson
Photo credit: Google Maps