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Retired D&B CEO Steve Alesio Pays $6.6 for San Remo Co-op

Newly retired Dunn & Bradstreet CEO Steve Alesio and wife Luana Alesio paid $6.6 million for their 7-room Upper West Side co-op apartment in the San Remo

The 145 Central Park West co-op has 3 bedrooms, a home office that was formerly a maid’s room, and 3½ bathrooms rooms. Monthly maintenance totals $4,733 on this luxury UWS apartment.

The sellers were John Boyd and Penny Alper Boyd, a couple with decades of management consultancy experience.

John Boyd is the head of Boyd Operating Alliances, LLC

Stribling brokers Cathy Taub and Catherine Harding had the exclusive for the Boyds.

The co-op came on the market for $6.4 million in early May, and appears to have generated a bidding war since it sold for $200,000 over the original asking price.

In addition to a washer and dryer, the apartment has through-the-wall air conditioning.

Standard common shareholder amenities in the San Remo include basement storage bins for each apartment, a bike room, and a gym.

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August 11, 2010   2 Comments

75 CPW Co-op Sells For $2.26M: Touch the Thanksgiving Day Parade Balloons!

A 4½ room 2 bedroom, 2 bath co-op apartment at 75 Central Park West just sold for $2.26 million, only 5½% less than the original asking price of $2,395,000

The sellers were Richard A. Petrocelli, a Managing Director at the merchant bank Saratoga Partners. and >Anna Whalen Petrocelli, a marketing professional who worked at >Colgate-Palmolive for 15½ years.

The buyers are Dr. John M. Leventhal, a pediatrician and the Medical Director of Child Abuse Programs at Yale University’s School of Medicine, and Beverly Hodgson, a former Connecticut Superior Court judge who now works as a mediator and arbitrator.

The pre-war Central Park West co-op was built in 1929 has a full-time doorman and basement storage. The co-op permits buyers to have up to 50% financing. The apartment has a $2,269 monthly maintenance that is approximately 31% tax deductible.

Corcoran brokers Meghan Kelly and Deanna Kory had the exclusive.

What factors might account for the strong sales price in today’s challenging market conditions? Take a look:

  • Location, Location, Location. 75 Central Park West is a prima donna address in the heart of the Upper West Side, a walk across the street to Central Park and just a two-minute walk from Lincoln Center.
  • Macy’s Thanksgiving Day Parade. From this eighth floor apartment, you can almost reach out and bop Kermit, and Garfield as they pass by!
  • The Pieds-à-Terre Factor The buyers (see below) primary residence appears to be in Connecticut. A Manhattan pieds-à-terre co-op in fantastic condition with a prime CPW address has a cachet that will appeal to older, empty nesters, like the buyers.
  • Neighbors in the Building Fellow shareholders in the building who are also high-net worth individuals help to maintain strong sales prices.

Here is a look at some current and former residents of 75 Central Park West:

  • Wendy Wasserstein used to live in the building. Her estate sold the late playwright’s apartment for $5.2 million in January 2007
  • Retired radio personality Don Imus and wife Deirdre Imus paid just over $2 million for a 75 CPW co-op in February 2006.
  • Herbert Kleinberger, a former PriceWaterhouseCoopers partner and IBM Global Business Services group leader specializing in retail consulting. Kleinberger and his wife paid $3.2 million in 2005 for their 75 CPW co-op.
  • Veteran real estate developer Donald Zucker and wife Barbara Zucker Barbara Zucker who paid a whopping $10.1 million for two combined 10th floor apartments in June 2004.
  • Elizabeth Culligan, the former President and COO of A&P, and daughter of the late John Culligan, former CEO of American Home Products Corp., now part of the Pfizer
  • Stephen Keller, Managing Director and head of Europe, Middle East, and Africa (EMEA) flow sales for equities at the newly merged Bank of America / Merrill Lynch. Keller paid $4.75 million for his high-floor co-op at 75 CPW in October 2007.
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December 29, 2009   4 Comments

Architects Sell Their 14 Horatio Street Co-op for $450K

Acclaimed architects Steven O’Neil and Mary Langan sold their 14 Horatio Street studio co-op apartment yesterday to Paul Bachant for $450,000.

Given current market conditions, that’s a modest $40,000 loss from when they first bought the West Village apartment for $490,00 in January 2006 from Leslie Banker.

The sellers founded O’Neil Langan Architects, the architecture and interior design studio that they’ve run for over 13 years. Their diverse client base includes a host of high-end retail establishments like Bloomingdales, Burberry and Agent Provocateur, purveyor of seductive lingerie; cultural institutions like the Museum of Modern Art, and The Bronx Zoo’s store. Their work also includes healthcare and hospitality businesses, private residences, and corporate interiors.

The 14th floor L-shaped alcove studio apartment has magnificent sun-filled views looking west, with a partial view of the Hudson River. The co-op has has 2½ rooms, and a monthly maintenance of $788.

14 Horatio Street co-op L-shaped alcove studio

The Van Gogh is located at the busy corner of Horatio Street and Eighth Avenue, just 430 feet away from the A, C, E, and L subway stops at West 14th Street. Jackson Square Park — one of New York City’s oldest — is just out the door, a quaint place to watch the world go by while reading the Times and drinking a cup of Joe.

Shareholders in this pet-friendly co-op have a host of conveniences, including a 24-hour doorman, a roof deck, bike room, laundry room, storage, and a superintendent who lives in the building.

Prudential Elliman broker Tony Sargent had the exclusive for this cooperative, listing the apartment for $485,000.

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December 29, 2009   No Comments