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Sale for Sale–and Not For Cheap
Manhattan brokers have been whispering for a week that Courtney Sale Ross, widow of the late Time Warner chairman Steve Ross, is quietly shopping her double-wide apartment at 740 Park Avenue–and now the New York Observer confirms that she’s looking for a whopping $60 million-plus, which would set a new Manhattan apartment sales record if she gets it. The apartment (two apartments actually, spanning the C and D lines on the 12th and 13th floors), though ungainly, is the largest residence in the building. But Blackstone chairman Stephen Schwarzman still has the best home ( on 15 and 16, stretching across the larger A and B lines) with the best provenance in the best l’il apartment building in New York, and if Sale gets her price, that will make his worth north–way north–of Sale’s sale price. So who cares that Blackstone is opening at under $9-a-share today.
