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Schecter aims to shatter Weill’s 15 CPW record

The Real Deal // Aug 08, 2012

Metal mogul Leroy Schecter is betting that by combining his two units in 15 Central Park West he can top Sanford Weill’s record sales price in the building. The Wall Street Journal reported that Schechter is combining his two units on the 35th floor, for which he paid a combined $18.9 million, and listing them for $95 million with Emily Beare of Core.

“Nobody knows what the right price is,” Schecter told the Journal. “If you had $10 billion and you are trying to put in a good place, you aren’t going to put it in a bank, you are going to try to buy good real estate with it.”

The Marino/Ware Industries chairman had put the two units on the market for a combined $55 million in 2010, only to turn down a $48 million offer and begin work to combine the space. Prior to the construction work he rented the two units for a combined $70,000 per month to Yankee slugger Alex Rodriguez and Cendant Corp. founder Henry Silverman.

The Journal said the units are about 20 percent smaller than the 6,744-square-foot one bought for $88 million, but Schecter’s have superior views. It is the second priciest apartment on the market after the $100 million CitySpire penthouse.

Original Article: The Real Deal