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Real Estate Wire: Hedge Fund Manager Likely the Buyer of $53M One57 Pad; Queens Historic Sites May Become National Parks

Reported by 6sqft
Jul 31, 2016· 2 min read
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Key Takeaways
  • • Hedge fund manager Mark Brodsky, founder of Aurelius Capital Management, is probably the buyer of a $53 million pad at One57, according to NYO.
  • • A 17-property Williamsburg site is likely to sell for $80 million, per TRD.
  • • The John Bowne House and the Old Quaker Meeting House in Flushing, Queens, may be designated national parks under a new bill signed by President Obama, per NYDN.
Summary
The roundup, dated December 31, 2014, reports that hedge fund manager Mark Brodsky, founder of Aurelius Capital Management, is probably the buyer of a $53 million penthouse-level pad at One57, the Midtown Manhattan luxury condominium tower. According to NYO, the purchase is not yet confirmed, and the report rests on the likelihood that Brodsky is the buyer rather than on a completed filing.

In Brooklyn, TRD reports that a 17-property site in Williamsburg is likely to sell for $80 million. The item does not name a buyer, and the report characterizes the sale as likely rather than completed.

In Queens, NYDN reports that two historic sites, the John Bowne House and the Old Quaker Meeting House in Flushing, may be designated national parks under a new bill signed by President Obama. The designation would bring the two properties under National Park Service oversight. The report describes the outcome as possible, not certain.

The roundup also includes a brief New York Times item on Hoboken, which carries no transactional or policy content relevant to real estate investors.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

6sqft Real Estate Wire: Hedge Fund Manager Likely the Buyer of $53M One57 Pad; Queens Historic Sites May Become National Parks