NY Observer > Pia Getty http://www.observer.com/taxonomy/term/30273/feed Articles from Observer.com en Nederlander Buys at 838 For $13.47 Million http://www.observer.com/node/34477
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838 Fifth.
Speaking of 838 Fifth Avenue, another ritzy apartment in that building--one floor above Thomas Sandell's--is now changing hands.

Investor Michael Price recently sold his 4,500-square-foot apartment to Broadway producer James Nederlander (senior!) for $13.47 million, according to deed-transfer records.

It's a nice chunk of change for Price, who already owns another shwa-shwa property in the Upper East Side: the 78th Street mansion that formerly belonged to socialite Pia Getty.

But it's a lot less than he had once hoped to receive (and also $230,000 less than he paid for the apartment in 2001).

In late 2003, after Price had already bought the six-story townhouse, he first put the apartment at 838 on the market for $17.9 million. But the quick, profitable flip didn't pan out.

Earlier this year, the three-bedroom apartment came back on the market asking just $13.5 million, listed with Mercedes Menocal-Gregoire and Sydney Waud, of Stribling & Associates.

That price drop certainly did the trick: A contract was signed on Jan. 20 for slightly below asking, and the deal closed earlier this month.
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The Nederlanders.
Nederlander, and his wife Charlene, are no strangers to high-end real estate. In 2000, the couple bought into 515 Park Avenue, which has housed a number of celebrities and top executives over the past five years including, New Jersey Governor Jon Corzine, music producer Antonio (L.A.) Reid, Christie's owner Francois Pinault, and ousted Vivendi chief Jean-Marie Messier. - Michael Calderone]]> http://www.observer.com/node/34477#comments Real Estate James Nederlander Michael Price Pia Getty Thomas Sandell Wed, 29 Mar 2006 06:03:31 -0500 Observer Staff 34477 at http://www.observer.com Tribeca's Off the Menu http://www.observer.com/node/48683 Robert De Niro isn't the only Tribecanto decide that he's had enough of the trendy neighborhood.  read more »]]> http://www.observer.com/node/48683#comments Real Estate Jean-Georges Vongerichten Michael Price Pia Getty Richard Meier Sun, 25 Jan 2004 19:00:00 -0500 Gabriel Sherman 48683 at http://www.observer.com Touring Sephora With Pia Getty http://www.observer.com/node/40756 Pia Getty motioned toward a lacquered console out of Clockwork Orange .  read more »]]> http://www.observer.com/node/40756#comments Media Christopher Getty LVMH Moet Hennessy Louis Vuitton SA Pia Getty Sephora USA Inc. Sun, 19 Jul 1998 20:00:00 -0400 William Norwich 40756 at http://www.observer.com