Category — Fifth Avenue

The cooperative apartments at 944 Fifth Avenue offer something that few other New York City apartment buildings can boast about: full-floor apartments for their owners overlooking Central Park.


Barbara Walters and her dog Cha Cha Walters own the entire sixth floor apartment.

In February 2008, the 10th floor apartment sold for $26 million in a sale by the Adrienne H. Malvin Living Trust to Morgan Stanley Managing Director Jay Mantz (inset) and his wife Jennifer Mantz. Mantz is Global Co-Head of Morgan Stanley’s Merchant Banking Division, responsible for the investment bank’s real estate, infrastructure and private equity investing businesses.

Mantz appears to have parlayed his expertise as a real estate investment professional when buying and selling co-op apartments at 944 Fifth for his family.

In May 2007, the couple bought the fifth floor apartment (inset, below) in the building for just over $16.5 million from the estate of Lilyan S. Lindemann.

Lindemann and her late husband Joseph, a cosmetics and pharmaceuticals manufacturer and philanthropist, lived in the apartment.

Less than a year later, the Mantz’s flipped their fifth floor apartment for $20 million, for a $3.9 million profit, getting a huge 21% return on their initial investment.

The buyers were Robert Mnuchin and Adriana Mnuchin. He spent more than 30 years trading stocks at Goldman Sachs, and she created the Tennis Lady and Cashmere-Cashmere boutiques for women before the couple opted to open an art gallery on the Upper East Side, and a Connecticut spa retreat called the Mayflower Inn.

Within a month of selling the fifth floor unit to the Mnuchins, the Mantz’s bought the 10th floor apartment for $26 million.

Photo credit: Pension Real Estate Association

An enormous 13-room co-op apartment at 1107 Fifth Avenue in Carnegie Hill was just sold. It overlooks Central Park and the Reservoir from it’s location near East 92nd street.

Veteran Corcoran brokers Betsy Messerschmitt and Patricia Cliff had the exclusive. The listing was offered at $10.5 million.

The pitch? Folks should buy because the pre-war co-op was “[a]vailable for the first time in sixty-five years…[offering] the timeless elegant features of another era.”

Not only do the new owners (whose name or names were s till trying to figure out) have large living space, but they also have no less than 5 — that’s right — rooms for the maid, butler, and nanny.

Stewart Satter, CEO of Consumer Testing Laboratories, just paid $3,650,000 for a co-op apartment on the 14th floor of 965 Fifth Avenue in Manhattan, according to public records.


It seems that Corcoran power brokers Deborah Grubman and Carol Cohen had the listing for this 1 bedroom, 2.5 bathroom duplex apartment. The apartment sold for $250,000 less than the $3.9 million asking price.

The cooperative apartment building at 965 Fifth Avenue is the same building where Manhattan real estate agent Linda Stein, the former co-manager for the punk rock group, the Ramones, was slain in October 2007.

Co-op address: 965 Fifth Avenue, New York, NY 10075