15 CPW Sales Rapidly Continue

As one of the most desirable condominium buildings in New York City, it’s no surprise that we keep hearing about recent sales at 15 Central Park West. As to be expected, with the magnificent views of Central Park and the Manhattan skyline, these units never remain on the market for long.

 

Designed by the acclaimed Robert A.M. Stern, the construction for the building began in 2005 and was completed in 2008, costing a total of $950 million. 15 Central Park West is considered one of the most prestigious residential addresses in New York City, occupying an entire city block on Central Park West. The site is divided into two sections: a 19-story tower on Central Park West and a 35-story tower on Broadway, joined by a glass-enclosed lobby.

 

In recent months, units in the building have quickly sold for $48 million, $31 million, and $13 million. Currently, two units on the 9th floor of the building that were last listed for $29 million are now in contract. The units were bought by Mexican businessman, Fernando Chico Pardo, a former top lieutenant of Carlos Slim. According to Michael Gross’s 15 CPW book House of Outrageous Fortune, Pardo purchased the larger 3BR unit for $12.5 million in 2010 and the smaller 2BR unit for $9.25 million in 2011. Included with these units is the largest terrace in the building.

 

Another outrageous sale went through in 15 CPW when Spanx founder, Sarah Blakely and her entrepreneur husband, Jesse Itzler, sold their apartment for $30 million. The couple spent $12.1 million on the 3,089-square-foot, 37th-floor apartment, paying slightly above the $11.89 million asking price, in 2008. As told by Michael Gross in House of Outrageous Fortune, upon moving in, Blakely hired a Navy SEAL to lay out escape routes throughout the apartment in the event of emergency. Coming in on top, Blakely and Itzler received 148 percent return on their original investment.

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