The Kenilworth
Celebrity UWS couple Michael Douglas and Catherine Zeta-Jones have listed their 9 room apartment at The Kenilworth, located at 151 Central Park West (between 75th and 76th Streets). The New York Post first revealed the celebrity owners of this new listing, which is asking $21.5 million.
Financing of up to 50% is allowed, so the buyer will need to drop a down payment of $10,750,000 (if the asking price is secured), in addition to a 2.5% flip tax which they’re asking the buyer to pay ($537,500). The monthly maintenance is $20,840.
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Listed by Serena Boardman of Sotheby’s International Realty, the description states that the apartment occupies the entire front of the CPW building, making it “the only apartment in the building to enjoy this expanded sweep of frontage.”The four bed, five-and-a-half bath apartment comes with park views throughout, two wood-burning fireplaces, a wood-paneled corner library, mahogany pocket doors and giant rooms (as the listing agent states it was originally a
15 room apartment). These mammoth spaces include an 800+ square foot living room; a 468+ square foot master bedroom; and a 530+ square foot library.
The full-service, twelve-story co-op was built in 1908 by Townsend, Steinle and Haskell in the French Second Empire-style. The Kenilworth’s 39 apartments (3 on each floor) have seven, eight and nine room layouts, and come with access to a rooftop terrace.
The Kenilworth has been home to many celebs over the years, including comedian Dick Cavett who listed his Kenilworth pad for $5.995 million in 2018.
Other units currently on the market include an eight room apartment for $9.75 million and a six room apartment for $5.45 million.
Keep dreaming Sotheby’s! At $252,000 in annual maintenance charges on top of all the difficulties these days of living in a co-op with rules and regulations and seeking Board approval to breathe and exhale that condo owners do not have to tolerate, these two sellers need to get a better real estate broker. First of all, folks, (a) pay the flip tax yourselves from whatever the proceeds are. It’s awfully miserly of you to think the buyers will do it and (b) Get real. Drop your ask from $21.5MM to something closer to $15MM, $16MM tops. Utilities (electricity, gas, cable, phone/internet) in tandem with old building repair/upgrade assessments every other couple of years alone are going to add another $4K-$5K per month….so now you’re well over $300,000 in annual expenses . All this for a 110-year old+ building with all the problems and limitations associated with that age. Those higher sales prices you’re all excited about matching? They’re for spanking NEW construction and, for the most part, condos, a.k.a. real property, wherein the Board can’t tell you the size of the pet you can own or what guests can or can’t stay while you’re away. Vaya con Dios!
Good thinking.
Well okay, Mr. Sour Grapes.
Well, I agree on the flip tax.
“…the apartment occupies the entire front of the CPW building…”
This is a very peculiar apartment!