A duplex at 25 Columbus Circle just traded in a bidding war — but still fell short of its decade-old deal price.
The condo above the Mandarin Oriental Hotel sold for $18.3 million, above its $18 million asking price but less than the $18.8 million the seller paid for it in 2013, according to public records. The latest deal price includes a $190,000 storage unit, which is recorded separately in the city register.
The deal for Unit 7273B came after multiple buyers submitted offers for the property, according to Brown Harris Stevens’ Joshua Arcus, who had the listing, along with Ileen Schoenfeld. Arcus said that some furniture from the sellers was also included in the deal.
Schoenfeld first listed the 3,500-square-foot apartment in 2018 with an asking price just under $29 million. It drifted on and off the market for years, until April, when it listed with an $18 million price tag.
The home, which entered contract in February, has three bedrooms and five bathrooms, with the option to add a fourth bedroom on the lower level, according to a listing description on StreetEasy. It also features a sauna in the primary bathroom and views of Central Park.
Schoenfeld said she’d received higher bids on the property when it was listed for higher prices over the years, but the sellers turned them down because they weren’t ready to sell the home.
“Everything in life is timing,” Schoenfeld said, adding that when the sellers agreed to lower the price to $18 million, she realized they may finally be ready to let it go. “They love it, and it was very hard.”
The identities of both the buyer and seller are shielded by shell companies. The buyer, who Schoenfeld described as someone “very familiar” with the building, is an entity known as Free Dog LLC, which is registered to an address in Santa Barbara, California. The documents were signed by attorneys with an office in Brooklyn.
The seller is AEH Jay Corp., which was also the buyer behind a unit at Vornado Realty Trust’s 220 Central Park South in 2020. The entity paid nearly $62 million for Unit 69, after signing a contract two years prior. The purchase was backed by a $42 million mortgage from Evertrust Bank.
Though the sale didn’t beat its previous trade, it did fare better than that of similar duplexes in the building. Unit 7475B sold for $12.5 million in February, down from its last asking price of $13.25 million and from its last purchase price of just under $16 million in 2010, according to a StreetEasy listing.
The Columbus Circle sale comes after Stephen Ross’ former penthouse traded for roughly $51 million in an off-market deal earlier this year. The billionaire developer sold Unit PH80 in 2023 for $40 million.
Ross’ Related Companies completed the mixed-use building, now known as the Deutsche Bank Center, in the early 2000s. A portion of the development served as the headquarters of Time Warner until the company relocated to Hudson Yards in 2019.
Amenities for condo owners in the complex include a landscaped terrace, fitness center, pool and parking garage.
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