150 Million Dollar Condo Deal at New York Cities “The Mark”

The-mark-nycNew York real estate developer, no not Donald Trump, Leonard Blavanik has reportedly gone to contract on a triplex condo in the Upper East Side condo “The Mark” in New York City. The deal would be the highest price real estate transaction in the country for the year.

The triplex is reported to be 30,000 square feet with 23 bedrooms and 25 bathrooms. If this is not all, the condo has a four thousand square feet  of patio space. Encompassing 3 stories this must be one majestic property.

The prospective purchaser, sources say, is real-estate magnate Leonard Blavatnik, who is worth $7.2 billion, according to Forbes magazine.
The price would be twice as large as the previous record listing in New York City, and nearly $50 million more than last year’s sale of the De Menil estate in East Hampton, believed to be the priciest residential transaction in the country.
“It’s hard to imagine there’s a real-estate slump when a number like that is being bandied about,” said one wide-eyed real-estate agent. “What could possibly be next.”
The famed hotel at 25 E. 77th St., between Madison and Fifth avenues, is undergoing a gut renovation that, in addition to hotel rooms, will include residential suites and apartments.  via the New York Post

Related posts:
  1. Pulte Homes and Centex To Merge in Billion Dollar Deal
  2. High Price For The Skinniest house in New York City
  3. As Prices Drop, Investors Rush Into Downtown Miami Condo Market

Post a Response

« Back to text comment
  • Popular

    Most Comments

    Search

    Tags

    Archives

  • Recent Comments

    • Living in Missouri for such a long time, I am shocked that no Missouri cities have made the list... Apparently ...
      Lake of the Ozarks Real Estate | 11Mar10 | More
    • omg where is maine? Like a lot of cities in Maine are pretty safe. Cept portland lewiston or agusta yaknow
      aaron | 10Mar10 | More
    • The real estate fee of 6% is the most deceptive pricing method in the world. Only 30% of homeowners have ...
      J.J. Gambino | 10Mar10 | More
    • I Have been in correspondance with one of these scammers from Craigslist. I did locate the home in question on ...
      Not Scammed | 10Mar10 | More
    • Our company posts regularly on ActiveRain, and one of the things we try to concentrate on for sure is having ...
      Austin Mortgages | 10Mar10 | More
    • A house of beautiful architecture and well built so turned upside down. How sad. My condolences to the owner.
      Debie Loren | 10Mar10 | More
    • This list is interesting. I did not know of a high incidence of this phenomenon in these cities.
      Debie Loren | 10Mar10 | More
    • This financial crisis disrupted my dream to get my residence.
      Debie Loren | 10Mar10 | More
    • Money management is key. Will these properties be selling short?
      AB Estates International | 10Mar10 | More
    • As a therapist in Spokane WA, I can appreciate this idea of pushing more pet friendly realestate. I have ...
      Spokane Family Therapist | 10Mar10 | More
  • Statistics

  • Friends

  • Subscribe





    Get Updates Delivered Daily By E-Mail:

    Delivered by FeedBurner