Bloomberg News

WTC Investor Lloyd Goldman Buys Co-Op for $13.8 Million

March 15, 2012

Lloyd Goldman, a partner with Larry Silverstein on the redevelopment of offices at the World Trade Center site, bought a Manhattan penthouse for $13.8 million, 7.7 percent less than its seller first sought.

Goldman’s purchase of the three-story co-operative apartment at 941 Park Ave. was disclosed today in New York City Department of Finance records. The four-bedroom Upper East Side apartment was listed for sale in October with an asking price of $14.9 million, according to property website StreetEasy.com. The seller is listed as Peter Frelinghuysen.

“This fabulous three-story penthouse apartment feels like a house set on the top of a full-service prewar building,” according to a property listing by Mary Rutherfurd and Leslie Coleman, brokers at Brown Harris Stevens. “From the elevator landing, one enters the front hall which is graced with a staircase sweeping up to the bedroom level, and is lit from above by a domed skylight in the roof.”

Goldman declined to comment on the purchase through an assistant. Rutherfurd and Coleman declined to comment through Amy Gotzler, a spokeswoman for Brown Harris Stevens. Frelinghuysen didn’t immediately respond to an e-mail.

Goldman is president and founder of BLDG Management Co., a New York-based commercial real estate investment company. He and Joseph Cayre helped to finance Silverstein’s initial $3.2 billion purchase of a 99-year lease of the trade center, six weeks before it was destroyed by terrorists on Sept. 11, 2001. Goldman is heir to a real estate fortune amassed by his father, Irving, and an uncle, Sol Goldman, once a partner in the Chrysler Building.

Blankfein, Brokaw

Goldman already owns an apartment on a lower floor of the co-op building, located at Park Avenue and 81st Street, where neighbors have included Goldman Sachs Group Inc. (GS) Chief Executive Officer Lloyd Blankfein and Tom Brokaw, the television newsman, according to public records.

The co-op Goldman purchased spans the building’s 15th and 16th floors and includes two staff bedrooms, a library and a rooftop terrace with “open city views down Park Avenue,” according to the listing.

Purchases of Manhattan luxury apartments, defined as the top 10 percent of all sales by price, declined 13 percent in the fourth quarter to 201 deals, according to a Jan. 4 report by New York appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman. The median price of those transactions fell 4.6 percent to $4.15 million.

To contact the reporters on this story: Oshrat Carmiel in New York at ocarmiel1@bloomberg.net; David M. Levitt in New York at dlevitt@bloomberg.net

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


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