Kathy Sloane Facilitates the Sale of No. 72A at 432 Park Avenue

Wheaton College graduate Kathy Sloane is a real estate broker with the firm Brown Harris Stevens. This past July, Kathy Sloane leveraged her experience as a real estate professional in order to facilitate the sale of one of two twin half-floor apartments in New York City’s West Village.

Located at 432 Park Avenue, apartment No. 72A comprised over 4,000 square feet and took up half of the building’s 72nd floor. The three bedroom, four bathroom floor plan also includes an additional half-bathroom and a library. The sale closed at a price of more than $30 million, topping that week’s list of most expensive real estate transactions, just above its sister unit at No. 72B. Though the two units carry almost identical floorplans and provide views of Central Park, No. 72A’s east-facing location within the building affords owners an impressive view of the East River.

No. 72A’s location within 432 Park Avenue makes it one of a limited number of real estate properties available in the Western Hemisphere’s tallest building. At 1,396 feet, 432 Park Avenue dwarfs even the world-famous Empire State Building, which towers over the majority of the city’s skyscrapers at 1,250 feet.

Bill and Hillary Clinton’s 1990s Purchase of Chappaqua, NY Residence

 

Kathy Sloane maintains a high profile in the New York, NY, real estate sphere and has attained in excess of $1 billion in New York sales over the years. One of her most prominent clients as a real estate agent has been the Clinton family. In the late 1990s, the then First Lady sought out Kathy Sloane’s assistance in helping her secure a residence that her family could comfortably live in following their time in the White House.

Ms. Sloane undertook an extensive search spanning more than 90 properties and seven counties in New York. The search was a complex one, given that not only the Clintons, but also the Secret Service, needed to approve the location. Finally, she found an ideal residence in Chappaqua. The 11-room Dutch Colonial was situated on a leafy cul-de-sac that was chosen partly for reasons of security.

After Hillary Clinton took a look and approved, her husband followed and they were joined by a few dozen members of the press. Bill Clinton quickly found friends in the neighborhood, inviting locals (and their dogs) to chat, and the couple decided to go ahead and purchase the $1.7 million property.

Market Forces Favor Affordable Luxury in New York for 2015-2016

 Kathy Sloane enjoys a great deal of success in the luxury real estate market, where she often represents entertainment industry celebrities and prominent politicians.

An abnormally large buyer pool brought interesting changes to the New York market at the end of 2015. An influx of willing buyers in the one to three-million-dollar range meant smooth sailing for sellers at that price point, but left many would-be buyers empty handed.

The shift in market forces presented a unique opportunity for high-end realty professionals. Agents like Kathy Sloane, who traditionally deal in properties worth tens of millions, saw opportunities to diversify and explore the exploding market for one million dollar apartments.

Open houses brought in 35 or more prospective buyers, and many properties received two or three offers on their first day on the market. Just as encouraging, approximately 40 percent of buyers in the $600,000 to $1 million range paid over the asking price. These recent trends in the affordable luxury market continue to provide ample opportunities for sellers and brokers alike. 

The Sherry-Netherland Penthouse is Back on the Market - $78 Million

In early 2015, Real Estate Agent Kathy Sloane made headlines for selling a penthouse at Fifth Avenue's famed Sherry-Netherland for just shy of $70 million. For the first time, the co-op board permitted a purchase by a foreign buyer, allowing a Chinese buyer to take ownership of the lavish apartment. In October of the same year, Kathy Sloane and Brown Harris Stevens Real Estate placed the property back on the market, this time for a record $86 million, or $9,500 per square foot.

The seller reduced the price to $78 million in June of 2016, reflecting his serious intentions to sell the property. This price point would still make the apartment the most expensive co-op ever sold, beating out the $77.5 million apartment currently owned by Ukrainian billionaire Leonard Blavatnik just up the street.

The penthouse features seven bedrooms, eight bathrooms, and 2,000 square feet of outdoor terrace space. At $78 million, this newly-reduced apartment works out to approximately $8,666 per square foot.

A Storied Maisonette at 447 East 57th Street Listed at $9.5 Million

Based in New York, Kathy Sloane is a prominent luxury real estate broker who has guided many of the city’s most high-profile transactions. With Brown Harris Stevens, Kathy Sloane recently listed a Sutton Place maisonette at 447 East 57th Street for $9.75 million on behalf of Tina Brown and Sir Harold Evans, both defining figures in the media world.

With the assistance of her employer Condé Nast, former New Yorker and Vanity Fair editor Brown and her husband acquired the storied triplex for between $3 million and $4 million in 1996. The property has been at the center of New York cultural life since, with its well-appointed garden serving as the setting of parties that have featured guests ranging from Bianca Jagger to Salman Rushdie.

The 6,000-square-foot apartment is situated within an aesthetically striking Rosario Candela co-op building than contains less than two dozen units. Taking up the first three floors of the building, the lavish four-bedroom triplex features amenities such as traditional fireplaces.

Luxury Manhattan Co-Op at 781 Fifth Avenue Listed for $78 million

Kathy Sloane is a New York luxury real estate broker who has achieved more than $1 billion in sales, including residences for the Clintons spanning Washington, DC, and Chappaqua, New York. In October 2015, Kathy Sloane engaged as broker with a Chinese real estate investor who had purchased a Sherry-Netherland penthouse at 781 Fifth Avenue for nearly $70 million the previous spring.

At its initial listing price of $86 million, the 9,000-square-foot, 18th-floor co-op, which was created by combining a number of smaller apartments over the years, would represent the most expensive co-op in the city by a wide margin. Encompassing eight bathrooms and seven bedrooms the apartment also includes 2,000 square feet of outdoor space.

In June 2016, the asking price was reduced to $78 million, which Mrs. Sloane characterized as a highly competitive price for a premier property that is accessible to qualified offshore buyers. The re-listing indicates the sellers’ seriousness in arriving at a sale, which would just set a record as New York’s priciest co-op transaction. The current mark for highest-value property purchase was set by Leonard Blavatnik, who paid $77.5 million to acquire an 834 Fifth Avenue duplex from Woody Johnson, owner of the New York Jets.

KATHLEEN M. SLOANE, Licensed Associate Real Estate Broker

Kathy Sloane has enjoyed decades of success with Brown Harris Stevens, and a respected reputation as both a top producer with the firm and a leading Manhattan broker. Kathy sits in an elite group of real estate experts, having orchestrated record-breaking sales in the city’s most luxurious buildings. She has successfully serviced the needs of a diverse clientele that has included prominent celebrities such as Robert Redford, Diane Sawyer, Martha Stewart and others, as well as music icons, major publishers and business legends; plus Kathy is the only broker in the country who has found homes for a sitting U.S. President, securing residences for the Clintons in both Chappaqua, NY and Washington, DC, which was truly her highest honor.

To date, this consummate real estate professional has sold well over $1 billion in New York real estate, with this year among her best with $125 million in closings so far as of mid-2015. She has demonstrated her expertise in every Manhattan neighborhood and price point, selling properties ranging from a $150,000 garden studio to a $70 million co-op. Kathy is the broker specialist appointed to 998 Fifth Avenue and 2 East 67th, managed by Brown Harris Stevens. She was also named the exclusive broker for 823 Park Avenue, a boutique pre-war condominium of 11 full-floor residences where she has achieved unprecedented sales prices in excess of $90 million.

Her proven track record is a testament to Kathy’s unparalleled skill in matching discerning buyers with their ideal properties. She is further known for her precision board package preparation that has gotten buyers approved in an incredible eight days by major co-op boards, and for her ingenious marketing strategies that have commanded unprecedented prices for sellers.

With international buyers comprising an increasingly substantial part of her client base, Kathy takes full advantage of the extensive resources at Brown Harris Stevens and its exclusive affiliation with Christie's Great Estates. Through this most prestigious network dedicated to the marketing and sale of important properties worldwide, she has secured the finest homes for clients in New York City and locations around the globe.

Kathy is fluent in French, and holds a B.A. in Philosophy from Wheaton College. She joined Brown Harris Stevens in 1986 and is an active member of The Real Estate Board of New York. Residing on Central Park, Kathy makes extensive use of the park for recreational activities. Plus she maintains a home in Beaverkill Valley in the Catskills, a project she helped create with Larry Rockefeller, its founder. Kathy is a trustee of The Roosevelt Library in Hyde Park, New York, and was integral in the creation of the Louis Kahn FDR Memorial in Four Freedoms Park on Roosevelt Island.

Live and Streaming Performances by the Orpheus Chamber Orchestra

Kathy Sloane joined New York City’s Brown Harris Stevens as a real estate broker in 1986. In this position, she has helped a number of notable clients find their ideal homes. When she is not engaged in real estate transactions, Kathy Sloane supports local charities and arts groups, such as the Orpheus Chamber Orchestra.

Located in New York City, the Grammy Award-winning Orpheus Chamber Orchestra has established a unique reputation for innovative collaboration, allowing classical chamber musicians to interpret various scores rather than follow the direction of a conductor. The Orpheus Chamber Orchestra provides patrons with a number of live and online musical events. On October 27, 2016, the orchestra’s Christian Zacharias will perform Beethoven’s Quintet for Piano and Winds in E flat major on the Perelman Stage in Stern Auditorium at Carnegie Hall. Pianist Fazil Say will play at the same location on December 3.

The orchestra is not relegated to New York City performances, however, and often goes on the road. On December 1, the Orpheus on Tour program will visit the Tilles Center for the Performing Arts in Greenvale, New York. Individuals who cannot attend a performance may be able to stream the event at a later date at www.orpheusnyc.org. The website also provides further information on upcoming shows and on ways to support the orchestra.