Elliman's Tristan Harper Closes Record $50-Million Sale of Fifth Avenue Mansion | Elliman Insider

Abstract

Douglas Elliman Realty announced today that Tristan Harper, Associate Broker and one of its consistently top-producing agents, has sold and closed a 20,000SF historic mansion located at 854 Fifth Avenue in Manhattan, NY, in an all cash, off-the-market transaction, for a full asking price of $50 Million, net to seller. The purchaser paid all closing cost, some of which are typically paid by the seller, which added over 11% to the out-of-pocket expense for the buyer. Tristan Harper The Seller-Successor States to Former Socialist Federal Republic of Yugoslavia-and the Purchaser-a Limited Liability Company with an address in New York City-signed the contract on March 9 of this year and finalized the closing on September 27. "The sale of 854 Fifth Avenue, for the first time in over 75 years, opens the next chapter in the glorious history of this property, which was once owned by the granddaughter of scion Cornelius Vanderbilt, and later by the communist leader Josip Broz Tito of Yugoslavia. The new owner of the trophy building has just purchased a significant piece of New York City's history," said Harper. Spectacular views from 10 rooms facing the park include some of Midtown and West Side's most iconic buildings, both old and new. In 1946, Josip Broz Tito, the late head of Yugoslavia, purchased the house for his country's Permanent Mission to the United Nations. The current purchaser's full price offer was presented sight-unseen, in 2021.