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Big Ticket | A San Remo Record for $26.4 Million

By: Robin Finn
Published: 8/24/2014Source: The New York Times

A rambling combination unit with prime Central Park vistas at the venerable San Remo, a 1929 showpiece designed by Emery Roth and lauded as the city’s first twin-tower residential high-rise, sold for $26.4 million and was the most expensive sale of the week, according to city records.

One of the brokers involved with the transaction noted that the sale price broke an internal San Remo record previously held by the actor Dustin Hoffman’s 8,000-square-foot apartment, which he sold for $21 million earlier this year.

The monthly maintenance charges for the 6,150-square-foot residence, No. 6E/F, at 146 Central Park West between 74th and 75th Streets, are $11,980.57. The San Remo was converted to a co-op in 1972 and, despite doling out a board rejection to Madonna, has been home to a parade of celebrities, including Diane Keaton, Bono and Steven Spielberg.

The combined six-bedroom, six-bath (plus two powder rooms) apartment, which had traded privately without a public listing, is the end result of a $14.1 million investment by the seller, Joy Fishman, and her husband, Dr. Jack Fishman, who died late last year. Dr. Fishman was credited with helping to develop naloxone, a widely endorsed drug used to counteract overdoses of heroin and other narcotics.

The Fishmans acquired No. 6E in 2005 for about $10 million and, seeking enhanced views and square footage, added No. 6F in 2009 for $4.1 million.

The listing broker was Dan Fishman of the Corcoran Group, who is related to the seller. John Burger of Brown Harris Stevens represented the buyer, the Northway Revocable Trust, which named Ira J. Gilbert as trustee.

The week’s runner-up, at $19.35 million, was a 12-room duplex across town at 730 Park Avenue at 71st Street. The monthly maintenance for the apartment, No. 10/11C, is $11,595. The co-op was priced at $23 million in 2013 and reduced to $20 million this spring.

The five-bedroom, five-and-a-half-bath residence is entered through a 13-by-17-foot gallery with an elaborate marquetry floor. The main level has a 31-by-18-foot living room with a fireplace, a library with a fireplace and built-in millwork, an eat-in kitchen, a west-facing master suite, and a maid’s room with a full bath. The upper level has three bedrooms, each with an en-suite bath.

Serena Boardman of Sotheby’s International Realty handled the listing on behalf of the sellers, Daniel Benton and Anna Nikolayevsky, who paid $21 million for the apartment in 2007 but made a vertical upgrade to a $39 million duplex penthouse in late 2012. Mr. Benton runs a technology-focused hedge fund, Andor Capital Management. The buyers, represented by Elizabeth Sahlman and Liora Yalof of the Corcoran Group, were Paul and Jill Yablon. Mr. Yablon is a portfolio manager at Moore Capital Management.

Big Ticket includes closed sales from the previous week, ending Wednesday.

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