834 Fifth Avenue may be the city's grandest building, but it doesn't often get props for community service. Maybe that should change, because the 80-year-old Rosario Candela building did something good for the real estate market this week. Namely, a unit in 834 Fifth traded hands for $36 million. That is, according to the Journal, the most money paid for a Manhattan co-op in more than a year, even if it is but a paltry sum by the building's own standards. Like most units in 834 Fifth (one notable exception has also spent some time with the PriceChopper), the latest listing was marketed so quietly we see no actual listing online. The seller was Leslie Wexner, founder of Victoria's Secret and Henri Bendel parent company Limited Brands, and he'll be happily collecting his $36 million from Larry Heyman, vice president of commercial real estate developer Heyman Properties.
· Wexner Co-op Fetches $36 Million [WSJ]
· 834 Fifth Avenue [Curbed]