12/8/14

Luxury Near the Zoo for $31.86 Million

 
The 12-story limestone building at 838 Fifth Avenue has 10 main residences. 
Credit Chang W. Lee/The New York Times

A full-floor condominium at 838 Fifth Avenue, an imposing 12-story limestone building originally designed by Harry M. Prince for the Union of American Hebrew Congregations in 1950 and converted to condominiums in 2000, sold for $31,861,500 and was the most expensive sale of week, according to city records.

The monthly carrying charges for the 5,461-square-foot unit, No. 8, at 65th Street opposite the Central Park Zoo with full park views, are $26,416.

The 11-story office building was acquired by A. Alfred Taubman, a developer of shopping malls, and redeveloped and expanded by the Athena Group in 1999. 

The redesign, led by the architectural team of Beyer Blinder Belle, produced a 10-residence condo with ground-floor staff quarters. It did not stint on luxury appointments and amenities, such as a rooftop terrace, a lobby brimming with antiques and enhanced by a wood-burning fireplace, and nine private wine cellars. 
Charles Bronfman, then the co-chairman of Seagram, acquired the duplex penthouse on the 11th and 12th floors from Mr. Taubman as an $18 million sponsor unit in 1999, the same year the eighth-floor apartment sold for just under $16 million.

At the time, Mr. Taubman lived in the luxury co-op next door, 834 Fifth Avenue, making one of two mottos engraved on the second-floor facade of 838 Fifth, “Love thy neighbor as thyself,” seem all the more appropriate.

In the current sale, which included a wine cellar, No. W5, both buyer and seller opted for anonymity through limited liability companies. 

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