As theatrical producers and owners of Broadway theaters, The Nederlander Organization has become synonymous with entertainment in New York City, and shows no signs of slowing down. While Mr. Saturday Night is about to close at the Nederlander Theater, Hamilton and Wicked are still going strong at the Richard Rodgers and Gershwin Theaters, respectively. The Brooks Atkinson Theater is expected to be renamed in honor of Lena Horne this fall. Earlier this summer, the Palace Theater was raised above street level as part of the new hotel and retail tower TSX Broadway.
Amidst all this, Nederlander Organization President and Tony-winning producer James L. Nederlander found time to close on an apartment at The San Remo in Central Park West. Public records show that he paid $4.1 million for an eleventh-story apartment. This apartment does not appear to have been publicly listed, and its configuration is not available. Crain’s New York Business notes that Mr. Nederlander is also the owner of a three-bedroom apartment on the building's twelfth floor, having purchased it for $13.5 million in 2011. Given the apartments' proximity to each other, one might wonder if a combination unit is in the works.
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Central Park West skyline, featuring The San Remo, as seen from 944 Fifth Avenue, #8FL (Brown Harris Stevens)
Central Park West is home to a number of twin-towered buildings (The Eldorado, The Century, and The Majestic among them), but The San Remo was the first to take shape, rising first as a rental and being converted to a cooperative in 1972. The top of the building is divided into two 10-story, Renaissance-style towers, both topped with copper finials. It was designed by Emery Roth, the architect whose designs were instrumental in making the Upper West Side a destination for well-to-do New Yorkers. The apartments inside are impressive in scale and rich in prewar details, and select units enjoy private terraces.
The San Remo is located between West 74th and 75th Streets apart from Central Park, but residents have access to a private courtyard garden at the center of the building. They also enjoy access to an exquisitely restored and attended lobby, a state-of-the-art fitness center, a recreation/event room, private storage, bike storage, and a central laundry room.
Current availabilities at The San Remo start at $4.985 million, but the ability to pay is not the only criteria; buyers must get past the co-op board. In doing so, Mr. Nederlander has accomplished what Calvin Klein and Madonna couldn’t; both celebrities were rejected from the building. However, famous residents past and present include Bono, Bruce Willis, Demi Moore, Diane Keaton, Mary Tyler Moore, Donna Karan, Dustin Hoffman, Glenn Close, and Steve Martin…to name but a few!
A veritable galaxy of stars at The San Remo
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