Aspen penthouse sells for $13.2 million
Make that five real estate sales of at least $10 million in Pitkin County this year. And it’s just the middle of January.
On Wednesday, what’s been marketed as the “Aspen Penthouse” took in $13.2 million. The 4,415-square-foot Cooper Avenue condo, owned by a consortium of Aspen businessmen including Andy Hecht, Nikos Hecht and Joshua Saslove, had been listed since March 2013, when it had an asking price of $17.6 million.
Saslove, who was the original listing broker but turned it over to Carrie Wells in June, said that penthouses are selling well in Aspen because of the city law passed in 2012 that prohibits their construction in the commercial core.
“They’re very limited because of the building codes in place,” said Saslove, who runs the Aspen office of Douglas Elliman Real Estate/Joshua & Co.
Support Local Journalism
“We can’t redevelop that type of product any more,” said Wells, of Coldwell Banker Mason Morse Real Estate. She noted that the penthouse’s “attention to detail and contemparary feel” were important to the buyers.
The buyers were represented by Mark Haldeman, of Aspen Snowmass Sotheby’s International Realty.
Property records identify the new owners as Julie and William Macklowe, of New York. Julie Macklowe was born in Aspen, was once a hedge-fund manager and later delved into the fashion industry. She started the vbeaute cosmetics company. William Macklowe is CEO of William Macklowe Co. and is regarded as a big player in New York’s real estate scene.
The sale equated to nearly $3,000 per square foot.
That’s not as high as November’s sale of a Hyman Avenue penthouse, which went for more than $3,100 per square foot. The 5,053-square-foot, four-bedroom, 41/2 bathroom penthouse sold for $15.8 million.
Through Thursday, five transactions have hit at least the $10 million mark this year. In 2014, Pitkin County property transactions neared $1.4 billion.
Support Local Journalism
Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User