Luxury Home with 360-degree View of Manhattan Skyline, Sold

March 15, 2011 / Russell Legato, Residential Property Analyst

Recently, the American billionaire philanthropist, Eli Broad, originally from Detroit, Michigan, who presently resides in Los Angeles, California — but not anymore as he sold his luxury home to Bedford Falls LLC for $8 million. The co-founder of KB Home and the founder of the Broad Foundation, according to the Manhattan city property records, sold his luxury home — Unit 33T within the Sherry-Netherland hotel.

Luxury Home with 360-degree View of Manhattan Skyline, Sold

Another big-name individual, actor Nicholas Cage was the owner another famous Tudor-style mansion owner, but it was foreclosed by Citibank. Cage bought the property from other famous-previous owners — Tom Jones and Dean Martin. The property was sold for $10.5 million last November — much lesser than the original asking price.

The new owner, Bedford Falls, is a real estate development company offering services ranging from consulting on specific development issues.

In August 2008, more than two years ago, the original listing price for the full-level luxury home located on Fifth Avenue and 59th Street, Manhattan, was $15 million, about twice the selling price. The luxury home boasts full luxurious amenities including a private elevator landing, private library, and a 360-degree view of the Manhattan skyline and the Central Park.

The luxury home is in the Sherry-Netherland, a 38 story hotel located at 781 Fifth Avenue in New York City. It was designed and built by Schultze & Weaver.

Other amenities in the hotel include limousine and valet services, state-of-the-art fitness center, full concierge service, maid service, and wireless internet connection.

According to the report, maintenance for the luxury home costs a whooping $17,845 — monthly.

Articles other readers have found interesting...

Top News Stories:

Leave a Reply