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Head of Dakota Co-op Board Finds a Buyer for $29.6M Pad

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One perk of leading the co-op board at the Dakota: it probably isn't hard to get board approval for a prospective buyer of one's apartment. Still, it's taken Dakota co-op board head/former hedge funder Bruce Barnes since early April, when he listed his Dakota pad for $29.6 million, to find a buyer. The 3BR, 3BA apartment is in contract, according to StreetEasy. The asking price hasn't changed during that time, so Barnes might have gotten something close to his hoped-for $29.6M.
Barnes restored the 19th-century details of the apartment (with the approval of the Dakota's aesthetics committee, naturally), including the doorways, moldings, hand-carved woodwork, shutters, and fireplaces. There's central air for the modern buyer, though, and an "architecturally innovative" chef's kitchen.

One in-building source speculated that Barnes wanted to leave the Dakota after all the drama over Alphonse Fletcher Jr., an investor who sued the building after allegedly being denied the opportunity to purchase the Dakota apartment next to the one he already owned. Fletcher himself is a former board president. Here's hoping Barnes' exit goes more smoothly.
· Listing: 1 West 72nd Street [BHS via StreetEasy]
· Head of Dakota's Co-op Board Wants Out for $29.6 Million [Curbed]
· Dakota coverage [Curbed]

The Dakota

629 U.S. 190, , LA 70433 Visit Website