Update: Price Reduction At 50 Central Park South

Update as of 5/31/2019

The listing by Steven Cohen, Robert Varvara and Tim Malone of The Corcoran Group has been reduced to $29,500,000. “Our clients are smart and savvy sellers and are adjusting the price to where the market is today. They are motivated to sell and therefore want to be ahead of the game, and this adjustment reflects that.”, said Steven Cohen.

Sydney Kimmel, SK Global founder, famed movie producer of “Crazy Rich Asians”, philanthropist and apparel mogul, listed his 50 Central Park South apartment for $39,500,000 in December. . Sidney is also the founder of the Sidney Kimmel Foundation, which has donated hundreds of millions to cancer research, established The Kimmel Center for the Performing Arts in his hometown of Philadelphia, and grew to prominence by founding fashion empire Jones New York, now Nine West Holdings.

The property, which encompasses the entire 27th floor of the Ritz on Central Park South, has been featured in Architectural Digest, designed by world-renowned designer Thierry Despont. There’s over 8,000 square feet both interior and exterior, with a 53-foot terrace directly overlooking Central Park, as well as a 40-foot terrace off the kitchen.

There’s a beautiful corner dining room, full gym, and an epic master suite that spans an entire wing of the apartment, with his-and-hers dressing areas, offices and baths. The Ritz-Carlton Residences is made up of only eleven homes, which enjoy all the services of the world-class hotel, but with their own private entrance and dedicated staff.

Photos courtest of RISE Media/The Corcoran Group

Residents have access to the Ritz-Carlton health club, the La Prairie Spa, a club lounge, the Star Lounge and Auden Bistro, the hotel business center, in-room dining services, and housekeeping upon request.

Other major sales in the Ritz Residences include casino mogul Steve Wynn’s $70M purchase of financier Christopher M. Jeffries’ duplex and $25M for Howard Marks’ apartment.

Steve Cohen, Robert Varvara & Tim Malone of Corcoran are the listing agents.

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