Category — Classic 6 Co-op Apartments

Another Upper West Side co-op apartment was just sold during the end of a marriage, giving former owners Nina Brodsky and Kenneth Roth some cash towards paying New York City divorce lawyers to help them put the finishing touches on ending their marriage.

The generously sized 7-room apartment on a high floor of 315 West 106th Street sold for $1.925 million. Unlike many sales noted here over the last year, however, there was no real discount from the original $1.95 million initial list price. The co-op was on the market for only a month before it went into contract in October 2009.

Public records show that Nina Brodsky, a Manhattan lawyer at Continuum Health Partners, filed for an uncontested divorce last month against Roth, an attorney and the Executive Director of Human Rights Watch. A former federal prosecutor, lawyer in private practice, and Iran-Contra affair investigator Roth reportedly receives an annual salary of $350,000 at HRW. Who imagined that working at a non-profit could actually be…well…profitable?

Brodsky and Roth lived at the co-op since 1993, having moved in from just a few blocks away.

The buyers are Stuart Warshaw and Karina Warshaw, the owners founders of Rauw Energy, resellers of a home energy savings device.

Brown Harris Stevens brokers Janet Garson Gifford and David Anderson had the exclusive for the apartment.

The enormous living room and all of the bedrooms have a light-filled wonderful southern exposure, with views looking westward towards the Hudson River and Riverside Park. Thankfully, for this kind of money, it also appears that you get to use a washer and dryer in the kitchen.

The co-op board at 315 West 106th permits dogs, but only after they pass muster at the interview. The pre-war building was built in 1925.

The highest recorded sale in the building was in 2007 when Arnold ‘Arnie’ Eisen and Adraine Leveen paid $2.45 million for a low-floor apartment in the co-op after Eisen became the new Chancellor of the Jewish Theological Seminary .

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A 3-bedroom co-op apartment on Upper East Side at 35 East 85th Street sold for $1.8 million, a $1.195 million plunge from the original listing price of $2,995,000 when the apartment first went on the market in June 2008.

Eighteen months later — with multiple price drops, a change in realtors, the financial markets in turmoil, and one of the owners having survived one of eight deadly terrorist attacks in Mumbai, India on November 26, 2008 — the apartment finally sold.

The sellers were investment banker Peter and Celeste O’Malley. Peter is a Managing Director at Deutsche Bank concentrating on natural resources banking.

While checking out of the Taj Mahal Palace & Tower with a colleague in Mumbai, O’Malley identified the weapons being fired by terrorists as they entered the hotel lobby. “That’s an AK—run!” he told his colleague Eugene, then sprinted to escape a hail of gunfire. His colleague was wounded and survived. O’Malley spent hours hiding out in various areas of the hotel to avoid discovery by the gunmen. He kept busy praying, e-mailing his wife and kids, staying in touch with his corporate security department online, and planning his path to safety.

The buyers are investment banker Bilal Rashid and Durre Nabi. Rashid is a Senior Managing Director at Orchard First Source. Previously he was a Managing Director in the Global Markets & Investment Banking division of Merrill Lynch.

According to public records, O’Malley purchased the co-op in April 2004 for an undisclosed sum.

In addition to three bedrooms and 3 full baths, the apartment also has an outdoor terrace adjoining the master bedroom and a second bedroom, as well as a legal washing machine and dryer. Monthly maintenance on the 6 room apartment was listed at $2,077.

Claire Ratusch at Prudential Elliman had the most recent listing to seal the deal. Charles Ruttenberg Realty had the listing for three months from June to October 2008. When Elliman took it over that month, the price was lowered to $2.7 million.

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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.

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.

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