RFR’s Fuchs pays $18M for Mnuchin’s Fifth Avenue co-op – Robert Khodadadian

, RFR’s Fuchs pays $18M for Mnuchin’s Fifth Avenue co-op – Robert Khodadadian, Robert Khodadadian

After a false alarm and a return to the market earlier this year, art dealer Robert Mnuchin has sold his Fifth Avenue co-op to RFR Realty principal Michael Fuchs. Fuchs, whose fim’s holdings the Chrysler and Seagram buildings, paid $18 million for the full-floor unit at 944 Fifth Avenue, property records show. The unit appeared to have gone into contract in April with an asking price of $20 million, according to Olshan Realty’s weekly report.

 After a false alarm and a return to the market earlier this year, art dealer Robert Mnuchin has sold his Fifth Avenue co-op to RFR Realty principal Michael Fuchs. Fuchs, whose fim’s holdings the Chrysler and Seagram buildings, paid $18 million for the full-floor unit at 944 Fifth Avenue, property records show. The unit appeared to have gone into contract in April with an asking price of $20 million, according to Olshan Realty’s weekly report.
The post RFR’s Fuchs pays $18M for Mnuchin’s Fifth Avenue co-op appeared first on New York.  Home Page, Residential Real Estate, co-op, fifth avenue, Luxury Real Estate The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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