By Katie Spencer - Nov 12, 2011 12:02 AM GMT+0700
Sanford Weill, the former chairman of Citigroup Inc. (C), put his Manhattan penthouse up for sale for $88 million, a potential record price for a home in the city.
The 6,744-square-foot (627-square-meter), full-floor condominium at 15 Central Park West was listed today on the website of brokerage Brown Harris Stevens. Weill and his wife, Joan, paid $43.7 million for the property in 2007, according to city records.
A deal anywhere close to the listing price would be the most expensive residential transaction ever in Manhattan, said Jonathan Miller, president of appraiser Miller Samuel Inc. The current record is the $53 million sale of a townhouse to private-equity investor J. Christopher Flowers in 2006, he said.
Weill plans to donate the proceeds of the sale to charity, he said in an interview with the Wall Street Journal. He and his wife will move to a smaller apartment they own on the sixth floor of the same building, the newspaper reported yesterday.
Michael Conway, Weill’s chief of staff, didn’t return phone calls yesterday and today seeking comment on the listing.
The four-bedroom condo features a wraparound terrace, two woodburning fireplaces and a library, according to a floorplan on Brown Harris’s website.
To contact the reporter on this story: Katie Spencer in New York at Katiespencer14@bloomberg.net
To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net
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