Related Companies President Jeff Blau had to trim more than 25% off the top of his initial asking price for his custom-designed duplex penthouse at The Chatham, before someone was willing to bite at $14 million. The Chatham, at 181 East 65th Street, was built by Related Companies and Blau had the more-than 3,150 square foot duplex penthouse built featuring a giant 23-foot-high glass wall. With the arrival of a second child in the Blauhaus, the family put The Chatham duplex on the market for $18.9 million (nearly $6,000 a square foot), before de-listing it in September and pricechopping it below $16 million a month later. Another $2 million had to come off the top before someone was interested enough in 2012.
· Jeff Blau, Related President, Falls Short on High Flying Penthouse [NYO]
· Related Exec Hopes His Penthouse Will Fetch $18.9 Million [CurbedNY]
· Related Exec Cuts Price on $16M Customized UES Penthouse [CurbedNY]