Uncategorized | NYC Co-op Apartment Sales
NY coops and cooperative apartment sales: prices, buyers, sellers, details, and deals
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Tribeca Loft Co-op Sells for $3.6M

An enormous 4 bedroom, 3 bathroom Tribeca loft just sold for $3.6 million, a 10% drop from the original $3.95 million list price when the apartment came to market at the end of January this year.

The downtown loft is located at 20 North Moore between Varick and Hudson Streets.

Tribeca co-op loft apartment at 20-26 North Moore

The modern loft kitchen has a stainless steel Sub-Zero refrigerator, flame-throwing professional stove.

Of course, for the price of this co-op loft, you get to use a washer and dryer in your downtown apartment too.

The seller was Amy Katz. The buyers were Rifat Baran Tekkora, managing director at Riverstone Holdings, LLC concentrating on energy and power industry investments, and Nicole Anne Tekkora, a Bank Examiner at the Federal Reserve.

Neighbors in the building include:

  • David Letterman, who paid $1.65 million for his Tribeca loft in 2005.
  • Eric Eyken-Sluyters, a Vice President at Salesforce.com, and Amy Nickin, an entertainment lawyer and partner at Frankfurt Kurnit Klein & Selz, who paid $2.825 million for their loft in July 2009.
  • Ashot Ordukhanyan, a Managing Director at Goldman Sachs, and Margarit Ordukhanyan, who paid $2.5 million for their loft last month.
  • Glen and Lisa Levy who paid $3.2 million for their loft in June 2007
  • Jeff Tabak of Tabak Real Estate had the exclusive.

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    August 10, 2010   1 Comment

    Soho Loft at 12 Wooster Street Sells for $2.15M

    Doug Valenti and Terri Valenti just bought a Soho loft co-op at 12 Wooster Street for $2.15 million using a living trust.

    The Valenti’s make their home in Silicon Valley. Doug Valenti is the Chairman and CEO of QuinStreet, a performance marketing and media company.

    Terri Valenti is an adjunct economics professor and an experienced college football linesman.

    The 3 bedroom, 2 bathroom apartment is located on the fringe of southern Soho between Canal and Grand Streets.

    The stylish loft kitchen has the standard luxury tools: a Sub-Zero fridge, silent Miele dishwasher, along with a Viking stove and oven.

    It appears that a portion of a rainforest was destroyed to make the loft’s custom storage cabinets: they listing described them as being “harvested from South American woods”

    Sotheby’s brokers Camille McKinley and Mark Thomas Amadei had the exclusive for the sellers.

    Neighbors in the building include:

    • Photographer James Dee and wife Saralah Dee
    • Wesley Wang a founding Managing Director of Phoenix Partners Group, a derivatives brokerage firm.
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    March 25, 2010   2 Comments

    Forbes 400 Exec Israel Englander Buys 1000 Park Avenue Co-op For $9.3M

    Brooklyn-born hedge fund exec Israel Englander paid $9.3 million via a trust for a 10-room co-op apartment at 1000 Park Avenue.

    The sellers were Suzanne Slesin and Michael Steinberg, a charming couple who have been married for more than 19 years.

    Slesin and Steinberg had been trying to sell their Upper East Side co-op since October 2007, originally listing it for $10.5 million.

    1000 Park Avenue, Upper East Side

    Englander is the Chairman and CEO of Millennium Management, LLC, which owns the Millennium Partners hedge fund.

    Millennium Partners says that it’s investment strategy is to:

    have domestic and international funds that pool their assets in a single master fund, Millennium Partners, L.P., to allocate capital globally across a diverse set of strategies and asset classes.

    The firm states that it’s investment practices include:

    • Relative Value Fundamental Equity
    • Statistical Arbitrage
    • Fixed Income
    • Merger Arbitrage
    • Closed-End Fund/Asset Arbitrage
    • Futures/Currency

    In 2005 the SEC and then N.Y. Attorney General Eliot Spitzer accused Englander and his then Millennium Partners hedge fund of engaging in market timing.

    A November 2005 Fortune magazine article alleged that unnamed sources “close to the case” maintained that Izzy Englander’s “settlement goes far beyond a lone trader behaving badly. This time the entire firm may be accused of securities fraud, and Englander himself could be charged with failure to supervise his brokers.: “There was systematic, organized, pervasive wrongdoing on a huge scale at Millennium,” claimed one of the sources.

    Englander ultimately settled the matter and paying $30 million in civil penalties himself, without admitting or denying any of the allegations.

    Englander’s Millenium Partners hedge fund also paid more than $121 million, and two management companies that Englander controlled paid almost $27 million in ciil penalties.

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    March 20, 2010   No Comments