Record Producer Clive Davis Sells Renovated Ritz Tower Duplex For a Discount
After more than $3 million in price cuts, the Park Avenue apartment belonging to legendary music executive and five-time Grammy Award-winner Clive Davis has sold at last. Originally asking $7.8 million back in March of 2017, the unit most recently wanted $4.495 million and ultimately went for $4.2 million. A gut-renovated duplex in the prewar Ritz Tower—described by listing agent Gina Sabio of The Corcoran Group as “a five-star hotel without the hotel” to Mansion Global—the 2,800-square-foot apartment’s final sale price seems like a steal.
Two things, according to Sabio’s chat with Mansion Global, can perhaps be looked to for the apartment’s lengthy stay on the market. The first is competition, with several luxury developments launching listings at around the same time.
Also a factor? A choosy co-op board. The Ritz Tower stands one of Manhattan’s most exclusive residences, functioning practically as another location of the iconic luxury hotel chain. On call for lunch and dinner room service is an exclusive chef, and there is also a 24-hour concierge, housekeeping services, and a valet.
The duplex itself is a gem and the buyer saw it prior to the pandemic, returning multiple times before finally nabbing it this fall. Renovated with entertaining and showcasing art in mind, the space is wide open on the top level with a huge living room, chef’s kitchen, and wet bar atop herringbone floors. A circular glass staircase then takes you to the three bedrooms on the lower floor.
Credited with signing music icons like Whitney Houston and Barry Manilow, Clive Davis has an ear for great music and, looking at this unique abode, an eye for great designs. Sabio shared the listing with Greg Schriefer and Eva Mohr at Sotheby’s International Realty. Leslie Hirsch at Compass represented the buyer.