A Grand Studio in the Osborne Languishes on the Market


A studio in the osborne that haen ben on the market for nearly two years has ornate finishes, nor shown in this lissting Photo. Photo: A & I Broadway

At Least on Paper, Lev Grzhonko Got a Deal. The actor and partner at A Debt-Collection Firm Bught in the Osborne in December 2014, Picking up apartment 4aa for $ 825,000 AFT IT CYCLED FROM AN Initial nansing price Of $ 1.995 Million in 2009 to a Brief, Wild Stopover at $ 3.5 Millionand then down, down, down to the high six figure. It ‘s studio in name (and floor plan), but not in Grandeur: A 1,000-Square-Foot Corner Unit with Southern and Eastern Exposives and Original Tiffany Glass Transoms. The Mahogany Walls, Ceilings, and Spiral Staircase Leading to the Balcony Level Were of a renovation that al The prior owner, the late kong billionaire eric hotung, More than $ 2 million. “It ‘s unicorn,” Says Broadway Realty Managing Director Elliot Bogod, who has the Current Listen. “There is no apartment like this in Manhattan.” That May Be True, But Now Grzhonko is the One Struggling to sell.

The Studio First Listeed in March of 2021 for $ 1.45 Million; That September, The Price Fell to Just Below $ 1.3 Million. AFTER OFF THE MARKET FOR A SPELL, IT RE-LISTED IN MARCH OF 2023 AT $ 1.95 MILLION. In the two years years, the price ha come down to $ 1,665 million. (Grzhonko has been “selling it for some time now,” Sayys bogod.) The storied co-op on west 57th street, the City’s Second-Go Luxury Building; The lobby dazzles with gilded mosaics and Italian Marble. IT’S on billionaires’ row and sits acrossi from Carnegie Hall. So what’s the Holdup?

Bogod has His Theories: “Today, a Majority of Budyers Got use to minimalism, to modern Kinds of apartments. Its opposite to this.” Indeed, 4aa Features a pair of chandeliers hanging from the coffered mahogany ceiling in the living area, Illuminating Ornate Armchairs and a Red Victorian-Style setee. The Bathroom Includes a soaking tube, shower, and a fireplace – all carved out of the onyx jade “suited for a king or queen,” for the listening. “It ‘Like Like Living in a Piece of a Museum,” Sayys One Broker Who Has Previously Sold in the Osborne. or small Museum. “When You Walk in, It’S SO Remarkable That You Expect 54 Rooms Behind It,” The Broker Adds.

The apartment’s apartment Owner, The Late Hong Kong Billionaire Eric Hotung, Allegedly Spent $ 2 million to the Studio with Luxurious Features As Mahogany Ceilings, Walls and a Spiral Staircase Leading Up to A Mezanine, As Shown in In Is Photo: A & I Broadway

Which spreads BRings US to the More Obrivious Sticking Point: IT, Well, Very Expensive. “People do, after all, Need bedrooms, closets, kitchens,” The Broker Says. “If they’re’re ascing $ 1,665 million and you’re not getting any of that, you’d better like the decoration you are paying for that decoration.” And a buyer interesting in the obsborne isn’t lacking in options. A One-Bedroom in the Building With Vaulted Brick Ceilings Went up About a Week Ago for $ 675,000. A Two-Bedroom on the 9th Floor Went Into Contract for Just Under $ 700,000 Last Month.

But bogod Feels optimistic about the fate of 4aa. He’s bullish that a sale is near. “It Needs the One Perfect Buyer Who Appreciates the Quality of CraftSmanship,” he Says. “I love this apartment.”

The fireplace, as a shown in this listing Photo, is one of the three dotting the studio, all carved out of onyx jade. These are finishes add a regal Quality to the studio, as one broker observed: “Its like LIKE LIVING IN A PIECE OF A MUSEUM.” Photo: A & I Broadway


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