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Long-Suffering Central Park West Mansion Finally in Contract

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The mammoth 10,745-square-foot mansion at 247 Central Park West has, at long last, found a buyer. At long last may be a bit of an overstatement, actually, since the house has only been on the market (this time around) since mid-2013, but man, it sure feels like longer than that, doesn't it? Must be all the pricechops. Coach CEO Keith Monda purchased the place from Walt Disney's grandneice in 2006 for $15.5 million, renovated it, and relisted it in 2010 for $32 million. It eventually sold, for $22.4 million, to Ukrainian businessman Igor Iankovsky, who, rejecting the concepts of rhyme and/or reason, promptly launched it back onto the market with an asking price of $37 million. Approximately one thousand pricechops later, it was down to $27.5 million, and now, finally, it is in contract. To whom or for how much has yet to be revealed, so stay tuned.

· 12 contracts signed last week at $4M and up: Olshan [TRD]
· 247 Central Park West coverage [Curbed]
· Listing: 247 Central Park West [Sotheby's, via Streeteasy]

247Central Park West

247 Central Park West, New York City, NY 10024