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Category — Estate Sale

Kim Fennebresque Buys 31 East 79th St. Co-op in Estate Sale

Financial wiz Kim Fennebresque just paid $2.9 million for a 7-room co-op apartment at 31 East 79th Street located at the corner of Madison Avenue.

Kim Fennebresque Busy 31 East 79th St. Co-opFennebresque is a member of the Board of GMAC Financial Services, General Motor’s financial lending arm, and a senior advisor at the Cowen Group where he was formerly the Chairman and CEO.

The 7-room apartment was listed with a monthly maintenance of $5,075.Brucie Boalt and Serena Boardman at Sotheby International Realty had the exclusive.

Fennebresque negotiated a good deal: the closing price was $850,000 off of the original $3,750,000 listing when it went on the market Thanksgiving week in 2008.

The large 2 bedroom co-op has a rare, and coveted feature sought after buy apartment buyers: a fireplace. The catch it’s not environmentally friendly.

31 East 79th Street, Apt. 7E sold for $2.9M

The sun-filled apartment has eastern, southern, and western views overlooking the Iraqi Mission to the United Nations.

This was an estate sale of the late Edythe Acquavella, mother of William Acquavella, owner of the family’s Acquavella Galleries across the street at 18 East 79th Street.

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December 23, 2009   1 Comment

775 Park Ave. Duplex Sells For $22M to John and Ingrid Edelman

Energy magnate John Edelman and Manhattan socialite Ingrid Edelman just paid $22 million for a duplex co-op at 775 Park Avenue.

They paid 8.33% less than the asking price of $24 million listed by John Burger, an SVP and Managing Director at Brown Harris Stevens.

The transaction was part of an estate sale following the death of the late Frances Todman in January this year. Todman was the widow of TV game show producer William Todman who, together with Mark Goodson, produced an incredible number of television game show hits like The Price is Right, What’s My Line, I’ve Got a Secret, and To Tell the Truth.

775 Park Avenue DuplexThe 12 room, 4 bedroom, 4½ bathroom co-op apartment overlooks Park Avenue on the Southeast corner of East 73rd Street, and features no less than three fireplaces. It’s located in a pre-war building constructed in 1927 by famed New York architect Rosario Candela.

John Edelman made his fortune in the oil business. Ingrid Edelman is a N.Y. socialite and interior decorator who has made political donations to GOP candidates.

Neighbors in the cooperative include:

  • Money manager Everett Cook and his wife Karen Cook who are involved with the Initiative to Educate Afghan Women philanthropy. They paid $7,975,000 for their apartment in April 2008.
  • Dr. Elizabeth A. Maher, an ophthalmologist who recently obtained sole ownership of a high-floor apartment in the building in a divorce settlement with her ex-husband James Maher.
  • Andrew Georges and Heather Georges who paid $7.6 million for a lower floor duplex in 2006
  • Former Bank of America media dealmaker Stephen Ketchum and Cynthia Ketchum, who paid $6.2 million for their lower floor apartment in 2005

Photo: Brown Harris Stevens

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June 5, 2008   1 Comment