Friday, June 27th, 2008

$150 Million Could Fund Tenafly’s Budget Needs For Six Years

But I guess you have a better view at 15 CPW:

Remember that rumored $90 million listing at 15 Central Park West? It was nothing.

Dolly Lenz, New York City’s most gargantuan real estate agent, broke astounding news at Portofio’s Four Seasons get-together this morning: “There are a few apartments on the market at 15 CPW, a new development on Central Park West, asking somewhere between $80 and $125 million — three different apartments — and one quietly on the market at $150 million,” she said.

Wowzah. Brokers have already made it known that two condos in the Robert A.M. Stern-designed blockbuster building are being offered at $80 and $90 million, so Ms. Lenz’s quote not only means that there’s a third apartment on the market in the building for somewhere between $80 and $125 million, but that there’s a fourth spread whose owner wants $150 million.

That would be more than any single-family residential property in New York City has ever asked for.

See also: Borough of Tenafly, New Jersey 2008 Municipal Budget.