A belief tied to late TV host Phil Donahue and his spouse Marlo Thomas discovered a purchaser for his or her longtime Higher East Aspect co-op.
The unit at 875 Fifth Avenue bought for $33.5 million, in line with public information. The customer’s identification was shielded by a belief, with attorneys Jonathan Moses and Kevin Schwartz of Wachtell, Lipton, Rosen & Katz listed as trustees.
The duplex penthouse unit seems to have traded in an off-market deal. In-built 1941, the property is among the many prestigious Manhattan co-ops by famend pre-war architect Emery Roth, together with the San Remo and the Beresford on Central Park West.
The sale marks the second priciest closing of a New York Metropolis co-op up to now this 12 months, trailing the $38 million deal by billionaire hedge funder Ken Griffin for a penthouse duplex at 740 Park Avenue. Griffin’s identification was initially shielded by a shell firm in public information tied to the off-market deal, which closed in April, however was revealed every week after the deal closed as the most recent resident of the property referred to as town’s “richest constructing.”
Donahue, the creator and host of the eponymous discuss present that ran from 1967 to 1996, handed away in 2024 on the age of 88. Thomas, 88, is an actress finest recognized for her function within the sitcom sequence “That Woman”, which ran from 1966 to 1971.
The pair had been behind a waterfront property within the tony Connecticut enclave of Westport that sold for a record $45 million final 12 months. Donahue and Thomas constructed a ten,000-square-foot shingle-style residence overlooking the Lengthy Island Sound in 2007, earlier than promoting the property in 2013. The property, which incorporates 400 toes of water frontage, was mixed with one other parcel for the report deal.
Manhattan’s co-op market began the 12 months on a robust notice, with the common sale worth for the property sort rising 8 % from the fourth quarter of 2025 to only over $1.4 million, in line with knowledge by appraiser and The Actual Deal contributor Jonathan Miller.
Final week, co-ops beat out condos amongst Manhattan’s signed contracts for houses asking over $4 million. The borough noticed 12 signed offers for co-ops in comparison with 10 for condos, for the primary time for the reason that finish of September 2022, in line with Compass’ weekly report.
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