Bloomberg News

Millennium’s Jeffries Asks $77.5 Million for New York Ritz-Carlton Condo

March 09, 2012

Christopher Jeffries, co-founder of real estate developer Millennium Partners LLC, is asking $77.5 million for a two-floor condominium in the Ritz-Carlton hotel facing New York City’s Central Park.

The 10,888-square-foot (1,010-square-meter) condo has 14 rooms on the 30th and 31st floors of the former home of the St. Moritz Hotel, according to a broker website. The building, renovated by Millennium Partners in 2006, has more than 250 hotel rooms as well as apartments on the top 12 floors.

Closely held Millennium Partners, founded in 1990 and based in New York, develops hotels, luxury condos and office and retail space in New York, Boston, Washington, Miami, San Francisco and Los Angeles, according to the company’s website.

Jeffries bought the condo in 2003 for an undisclosed price, according to New York City Department of Finance records. He sold another condo, on the building’s 29th floor, for $28.5 million in 2008, according to property records.

Jeffries didn’t immediately return a telephone message seeking comment after regular business hours yesterday. The listing agent, Kyle W. Blackmon of Brown Harris Stevens, also didn’t immediately return a call.

The listing was reported yesterday by the New York Times.

To contact the reporter on this story: John Gittelsohn in Los Angeles at johngitt@bloomberg.net

To contact the editor responsible for this story: Daniel Taub at dtaub@bloomberg.net


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