News | December 31, 2009

Credit Suisse Executive Sells New York Apartment above Asking Price

News | December 31, 2009

By Alison Agudo

Here’s some great news coming out of the New York City real estate market—apparently while many are still scratching their heads after a grisly year, some fortunate souls have laughed in the face of 2009 and actually sold their luxury properties for more than their asking prices.

Case in point: Credit Suisse executive Ravi Singh who sold his Central Park West apartment for $25 million, an impressive $2.5 million above the condos most recent asking price.

The final sale price works out to be $5,478 per square foot, and although this price doesn’t quite match his original asking price from September 2008 which was $32 million, it’ll do.

The four-bedroom unit that sold on December 15 after going in to contract in November is 4,563 square feet and the unit buyer remains unidentified. Singh purchased the condo for $15.87 million in March 2008.

Singh is a managing director at Credit Suisse Group.

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