115 cpw, 15k

i thought it was more what the board was wiling to accept that the broker or owner.

From The Real Deal:
The auction for her listing at 115 Central Park West was held over a five day-period last month with a minimum bid of $1.999 million, far less than the $3.75 million the unit originally was listed at in November. The buyer was not required to choose the bidder who submitted the highest amount, but instead was permitted to select the bidder with the best chance of being approved by the board. The co-op board at the building also required a 10 percent deposit, a cash payment of 50 percent of the purchase price and a net worth for buyers of three times the purchase price.