Category — Fifth Avenue

Edgar Bronfman, Jr. just sold his 1040 Fifth Avenue co-op apartment for $21 million to Gerson Lehrman and Marjorie Lehrman.


The enormous 5 bedroom, 5 bathroom cooperative was originally listed by Bronfman for $24 million on January 26, 2008, just a week after he bought it for $19.5 million from J.B. Martin textiles executive Loic De Kertanguy and Rebecca De Kertanguy.

Bronfman, the Chairman and CEO of the Warner Music Group, former executive at media and entertainment conglomerate Vivendi Universal, and the former President and CEO of Seagram’s, the Canadian liquor dynasty and founded by his grandfather Samuel Bronfman and subsequently run by his father Edgar Bronfman, Sr. before passing on control to his second-oldest son.

Thomas Lehrman a Board member, co-founder and former CEO of the Gerson Lehrman Group, a well-respected Wall Street research firm boasting contacts with 200,000+ industry experts.  The Yale Law School graduate was recently served under the Bush Administration as Director of the Office of Weapons of Mass Destruction (WMD) Terrorism at the State Department, and before that, on the professional staff at the President’s WMD Commission.

Brown Harris Stevens power broker Alina Pedroso had the exclusive.

The 11-room apartment has 2 woodburning fireplaces, a library overlooking Central Park, and stunning views of Central Park that sweep from the Reservoir to Central Park South, with a fantastic view of the Metropolitan Museum of Art’s Temple of Dendur, and storied buildings along Central Park West.

Monthly maintenance charges are a whopping $8,614. The apartment includes a huge maid’s room or servant’s quarters, and a legal washer and dryer, something that many coop boards are loathe to allow.

This enormous luxury co-op at 40 East 83rd Street just sold for the full $4,395,000 list price, according to New York City records.


Brown Harris Stevens broker Joanne Greene had the exclusive listing for sellers Jon A. Gordon and Michelle Prentice.

Gordon is a co-founder of the Manhattan investment firm Palladian Capital Partners, with extensive investment banking and private equitey experience. Prentice owns the Upper East Side antique furniture and accessories story Myrtle.

The buyers are newlywed couple Tara Mark Rosenblum and Kenneth Rosenblum.

Kenneth is a partner in the New York City office of Sonnenschein Nath & Rosenthal, LLP where he specializes in corporate mergers and acquisitions and venture capital matters. According to the N.Y. Times, Tara was formerly a literary agent at RLR Associates representing writers, athletes and broadcast personalities.

Monthly maintenance is $3,266 and shareholders can get a 34% deduction of that amount each year on their taxes to pay down the co-op’s mortgage.

It’s a pet-friendly building just 2 blocks from the highly desirable P.S. 6 elementary school.

Structured investment executive and attorney Adam Gottbetter and his wife Lori Gottbetter just paid $11.9 million for a co-op apartment, along with another $1 million for a maid’s room at the Stanhope Hotel.



Gotbetter is the CEO of Gottbetter Capital, a hedge fund he started to help public corporations and private companies “as part of a committed going public transaction.”

He is also a lawyer and managing partner of Gottbetter & Partners, LLP, a corporate and securities law firm, attorney concentrating on financing, mergers and acquisitions (’M&A’) who gives legal advice about financing strategies and structured investments to securities issuers and investors.

Last year, the Gottbetters jammed with Glen Tilbrook, the legendary front man for Squeeze.

This blogger wrote about Stanhope co-op apartment sales several months ago, noting that the building was converted into 26 co-ops:

The luxury hotel was converted into cooperative apartments instead of condos by the developers for legal reasons. According to the New York Times, Extell Development was only able to “lease the land under the Stanhope…with annual rent charges on” it. That means shareholders owning half-floor apartments will have maintenance charges starting at $9,000 per month. Imagine the maintenance on a full-floor apartment!

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Luxury amenities include private spa and workout facilities from La Palestra, a sommelier for the entire building from the country’s oldest wine shop, Acker, Merral & Condit, and a high-tech concierge service that lets shareholders deal with valet parking, takeout deliveries, control A/C and heating in your apartment, and more.

Address: 995 Fifth Avenue, New York, NY 10028