Former Los Angeles Dodgers owner Frank McCourt has listed the opulent New York City apartment he bought the same year he sold his stake in the legendary sports team—offering up the “distinguished” abode for $2.5 million less than what he purchased it for 14 years ago.
The four-bedroom, 3.5-bathroom dwelling is located inside what the listing describes as a “white-glove co-operative” on Fifth Avenue and offers “sweeping panoramic views of Central Park and the iconic Manhattan skyline.”
McCourt, now 72, purchased the dwelling for $50 million in 2012—closing on the deal just a few months after he sold the Dodgers for a staggering $2 billion to a group that included Magic Johnson, while also offloading the land around the team’s stadium for a separate $150 million.
However, in bringing the property back to the market, the businessman and real estate mogul, who has an estimated net worth of $1.5 billion, according to Forbes, is also serving up a very impressive discount, having listed the unit for $47.5 million—a substantial decrease on the price he paid.
Prospective buyers should not view this lower price as a sign that the property is in dire need of work. In fact, the listing notes that the apartment has recently undergone a “masterful” renovation at the hands of “acclaimed design firm Ries Hayes,” who transformed every inch of the impressive pad.
The result, according to the property’s description, is a home that “blends timeless prewar grandeur with sophisticated contemporary design.”
Among the grander features found throughout the unit—which is located inside a 1925 building—are two wood-burning fireplaces, soaring ceilings, elegant custom moldings, and wide-plank white oak doors.
The full-floor unit features a staggering 32 windows, which not only offer exposure from every angle, but also ensure that beautiful views can be enjoyed from each room.
Perhaps one of the most important amenities on offer—at least for the more high-profile of buyers—is the incredible privacy that the apartment affords. Accessed by an elevator that opens directly into a private foyer, the unit then unfolds in what feels very much like a never-ending series of rooms.
Just off the foyer, there is a luxurious powder room, complete with “Black Meteorite slab and a sink carved from Galaxy Schist.” Beyond the entryway, visitors will find a “spectacular living room” with a fireplace and three “oversized picture windows” that offer views of Central Park.
For those with a fondness for entertaining, the formal dining room will no doubt be a hit, serving as the perfect place to host dinner parties—while the eat-in chef’s kitchen provides a more relaxed atmosphere for dining.
Outfitted with a spread of beautiful finishes, including “Select Calacatta Gold marble” countertops and a “Taj Mahal quartzite” island, the space also offers top-of-the-line appliances from big-name brands such as Sub-Zero, Wolf, and Miele.
For more intimate gatherings—or simply a quiet private moment—look no further than the library or head to the “sun-filled media room,” which features a projector and a wet bar, setting it up as the perfect spot for fun-filled movie nights.
When residents need to get away from their guests, they can retreat to the opulent primary suite, which features the property’s second fireplace, as well as a small seating area, two dressing rooms, and enormous built-in closets.
“The luxurious primary bathroom is beautifully appointed with White Limestone walls and Galaxy Schist floors and pedestals; it has two sinks, an oversized glass-enclosed steam room/shower, a separate deep soaking bathtub, and a private water closet,” the listing continues.
Two more en suite bedrooms can be found in the dwelling, which is currently configured as a three-bedroom unit. The listing notes that this could easily be adjusted to accommodate four sets of living quarters.
The impressive spread does not end there.
In addition to the main unit, which is located on the 11th floor of the 14-story, Nathan Korn–designed co-op, the sale includes a guest apartment on the ground floor. It features a private entrance on Fifth Avenue as well as access through the building’s lobby.
“Ideal for extended family, guests, and staff, it offers two bedrooms, two renovated bathrooms, a gracious living room, a media room, a fully equipped kitchen, and a washer and dryer,” the listing notes.
This maisonette has an additional monthly maintenance fee of $9,225, according to the description, which fails to state what the fees are for the main unit.
Despite listing the property, McCourt, who is originally from Boston, will still have lasting ties to the city through his company, McCourt Global, which he founded in 2007 with his sons, Drew and Travis.
Several months after he sold the Dodgers—and purchased his New York City home—McCourt opened his company headquarters in the Big Apple, where he purchased a $167 million development site, according to The Real Deal, which reported that the deal marked his first major real estate transaction since he let go of the L.A.-based sports team.
He has also continued to invest heavily in sports, albeit away from baseball, purchasing the French soccer team Olympique de Marseille in 2016.
