1111 Park Ave. 4 BR Duplex Co-op Sold for $6.6M | NYC Co-op Apartment Sales
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1111 Park Ave. 4 BR Duplex Co-op Sold for $6.6M

How low can you go? That’s the question that Deutsche Bank’s Andrew Yaeger and Anna Yaeger may have asked sellers Jacob Doft and Suzanne Doft before buying their 11-room duplex co-op at 1111 Park Avenue.

The initial asking price for this 4 bedroom, 5½ bathroom apartment was $8.75 million when it went on the market in October 2012. The price kept dropping. First, it tumbled 11% to $7.75 million in January this year. In April 2013, it dropped another 10% to $6.95 million.

What happened next?

New York City’s public records show that a deal for $6.6 million was finally reached between the Yaeger and Doft families. That meant the closing price 33% less than the initial ask. Now that’s masterful hondling!

The pre-war doorman building has a concierge, gym and private storage for shareholders.

The layout is amazing, with Park Avenue views and all the accoutrements of a Carnegie Hill home.
Floor Plan

Monthly maintenance for the 4 bedroom co-op was listed at $7,270.

Jacob Doft is the CEO and Portfolio Manager at the hedge fund Highline Capital Management, LLC a hedge fund located in Midtown at One Rockefeller Plaza.

Suzanne Doft’s LinkedIn profile shows that she’s an executive at Dapple, a natural cleaning products company that sells non-toxic, hypoallergenic cleaners that claim not to have any harmful chemicals.

The Modlin Group had the exclusive for the Doft family’s apartment.

Image credit:Modlin Group


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