Sale at 101 Central Park West #6G

Here is what I liked about the NYT article - she looked at almost 150 apartments before deciding to purchase this one property.

That is quite an apartment - 3 bedrooms and a home office, separate dining area, 3 bathrooms. And in mint condition so maybe no renovations needed.

Not the best flow however - you have to go through the dining room to get to the master bedroom ,and through the kitchen to get to the other bedrooms. And even with that pretty high price, no park view.

NWT: "Close to asking" is a bit misleading, considering the size of the earlier price cuts.

Lobster: Correct - no reno needed. Still a lot of money for a viewless apartment where everything flows through the windowless "dining room". Tough board there. Thus far, they have been successful in pushing prices into the top echelon of CPW coops, so it's hard to argue with their approach.

Agree with ph41. Weird layout. I do not like weird layouts and everything about the flow here is compromised. I think a wall creating a little foyer off the dining room to the bedrooms would be worth the space lost in the kitchen, but hard to say without seeing it all. Still, bedrooms all accessed off dining room is not really cool. And a windowless dining room isn't very nice either imo. For this kind of money, I'd expect better. Guess you pay A LOT for the building.

101 Central Park West--Location , Location, Location and a three bedroom.
Ignoring questions about lay-out...This apartment will retain value.

If anything, the secondary apts in CPW buildings haven't done well over the last 2 years. I don't understand the RE purchases of the Bmberg girls. But then, their purchases don't have to make sense.

I can see why she'd buy this instead of the Classic Six it used to be. She's young, when people are over they eat in the kitchen, the dining room would be more like a table-free gallery, and she's got two decent guest rooms rather than one.

And right, as billionaire's kids go, this is chicken feed compared to, say, Ms. Tisch's $29M at 834 Fifth.

We should start a thread titled - RE purchases of billionaire spawn. It's like the Disney heiress who bought the Belanfonte spread, then turned around and sold without having lived a day there or started reno or anything. It was a 3m loss, but big deal.

will one of the bedrooms be a stable?
is this the horse riding daughter?

Closed for $4MM even - up 43% from the sellers' 2004 basis (after extensive renovation), down 16% from their original ask.
http://streeteasy.com/nyc/closing/1782462