Celebrity builder Joe Farrell has sold his Park Avenue pied-à-terre after raising its price.
The five-bedroom spread, at 510 Park Ave., between 60th and 61st streets, was last asking $5.49 million — up a good sum from $4.9 million last December.
Farrell purchased the prewar duplex for $3.56 million in 2013.
Joe Farrell. Lucille Khornak
The glam apartment opens to an elegant foyer with custom details like floor-to-ceiling steel doors with laminated glass. Lifestyle Production Group
The 48-foot-long open living and dining area comes with plenty of space for entertaining. Lifestyle Production Group
There is plenty of entertaining space in the five-bedroom home. Lifestyle Production Group
The open chef’s kitchen. Lifestyle Production Group
“Raising the price wasn’t emotional. I wanted to add value to the building, not dilute it,” said listing broker Kelly Killoren Bensimon, of Douglas Elliman.
Farrell, who built Madonna’s Hamptons home and once rented his own former East End former mansion to Jay-Z and Beyoncé, gut-renovated the 3,000-square-foot aerie, which features custom details like floor-to-ceiling steel doors with laminated glass.
The buyers are LA-based businessman Patrick Peyton and his wife, Jaleh, sources said.
A view of the layout. Lifestyle Production Group
A pop of color is festive and playful. Lifestyle Production Group
The dining area. Lifestyle Production Group
The dwelling opens to a grand foyer. It features an open chef’s kitchen and living/entertaining area.
The main bedroom is a corner suite with a walk-in closet and a spa-like bath with radiant-heated floors. Two additional bedrooms feature ensuite windowed baths.
A fourth bedroom comes with built-in Murphy bunk beds, while a fifth bedroom currently functions as a home office.
The cozy bedroom is in neutral tones. Lifestyle Production Group
A secondary bedroom. Lifestyle Production Group
Design details also include 8-inch white oak floors and custom millwork.
The 15-story boutique building with a two-story limestone base dates to 1925 and converted to co-ops in 1946. Amenities include a gym and bike storage. Maintenance fees are $8,950 a month.