NBA Commissioner Adam Silver Sells UWS Co-Op to Barnes & Noble Founder's Widow, Making Top Deal of the Day
Top deals in NYC include NBA Commissioner Adam Silver selling his Upper West Side co-op to the widow of Barnes & Noble's founder.
In the past 24 hours, there were 341 real estate transactions in New York City totaling $258 million. The top deal of the day was the sale of a sponsor unit in Midtown for $8.8 million.
The buyer, LLC linked to Malvinder Bhatia, purchased a 3,400-square-foot, four-bedroom condo at 100 East 53rd Street for about $2,600 per square foot. The unit was listed in May for $9.9 million and is being handled by Corcoran Sunshine Marketing Group. The property, known as the Selene, is a luxury building in Midtown.
The most noteworthy deal, however, involved NBA Commissioner Adam Silver, who sold his Upper West Side co-op to the widow of Barnes & Noble's founder. The sale was the top deal of the day, with the price and details remaining undisclosed. Silver's co-op was listed for $5.5 million and is located at 271 Central Park West. The unit features four bedrooms, three bathrooms, and a private elevator.
The sale of Silver's co-op raised eyebrows due to the buyer, Audrey R. Burkle, being the widow of Leonard Riggio, the founder of Barnes & Noble. The deal has sparked speculation about a potential connection between Silver and Riggio, with some questioning if the sale was influenced by a personal relationship.
Despite the speculation, neither Silver nor Burkle have commented on the deal. This sale serves as a reminder of the influence and connections within the real estate industry, where top deals can be made through personal relationships rather than