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Deed: Leverett House apartment fetches $9.5M

Posted On: 02-27-2013

By Darrell Hofheinz

Daily News Real Estate Writer

A direct-oceanfront apartment at the Leverett House has changed hands in an off-the-market sale recorded at $9.5 million — a record for the building and among the highest prices ever paid for a single condominium in Palm Beach, according to property records.

Roger N. Duhl, a Los Angeles real estate broker, is listed as the seller of Unit E 3B and its pool cabana on the deed that was recorded Tuesday by the Palm Beach County Clerk’s office. He is the stepson of Shirley K. Duhl, who shared the apartment with her late husband, Benjamin Duhl. The four-story building at 110 Sunset Ave. stands just north of another prime oceanfront condo, Two North Breakers Row.

The buyer was a Delaware entity named 110 Leverett LLC, represented on the deed by New York City attorney William Sankin.

Agent Susan Polan of Illustrated Properties, who handled both sides of the transaction, said she couldn’t comment on the specifics of the deal or those involved. But she did say the four-bedroom apartment — with about 6,000 square feet of living space, inside and on its balconies — occupies the easternmost portion of the third floor, with windows and glass doors spanning the width of the building.

“The most special part of this particular unit is that it’s one of only three units like it in the building,” Polan said. “They all have direct-ocean views. And they are rarely for sale.”

The apartment is one of only six units in the building, one of two separate structures that comprise the Leverett House development.

Until this week’s sale, the highest recorded price paid for a direct-oceanfront condo in the east building occurred in September 2000, when Erving and Joyce Wolf bought Unit E 4B for $6 million. Prior to that deal, the highest recorded sale there had occurred in 1999, when Jack and Francis Levy paid $4.35 million for Unit E 2B.

More recently, Unit E 2A, a 5,000-square-foot condo with limited ocean views, changed hands for $4.5 million in March 2011. The buyer was a Pittsburgh-based trust administered by co-trustees Sean A. Rooney and an attorney. Fite Shavell & Associates represented the seller, Carol Lavin Bernick, and Christian Angle Real Estate acted for the buyer.

Angle said Tuesday the price paid for the Duhl apartment reflects its location and lavish ocean views.

“It’s a great building,” he said. “Rarely do important condos in that building become available. It really emphasizes that there’s a demand for this sort of apartment – and that there’s a limited supply.”

Benjamin Duhl had purchased the apartment with his second wife, the late Laura Duhl, in 1986, property records show. They paid a recorded $2.2 million for it. After her death in 1995, Benjamin Duhl — a retired businessman known for his support of Jewish organizations and charities — subsequently married Shirley Katz Duhl.

After Benjamin Duhl’s death in 2000, ownership was eventually transferred to Benjamin Duhl’s son, Roger, as part of his father’s estate, court records show. Roger Duhl’s mother, Ethel Duhl, had died before Benjamin Duhl bought the apartment.

Shirley Duhl, meanwhile, last July paid a recorded $1.1 million through a trust in her name for a penthouse at 150 N. Ocean Blvd., a deal also brokered on both sides by Polan.

Among the island’s condo sales of more than $8 million, the largest occurred in 2008, when Lee and Laura Munder bought a penthouse apartment, No. 6A, for $12.1 million at Il Lugano, 300 Seminole Ave. In that deal, Polan represented seller Stephen M. Ross, while Adam Munder acted on behalf of his parents, Polan said.

More recently, Roy J. Zuckerberg last May paid a recorded $9.85 million for Charlotte M. “Chris” Marden’s Penthouse 3 in Two North Breakers Row — and she, in turn, bought the smaller condominium he owned with his wife, Barbara, immediately below hers for $4 million. Both deals were orchestrated by real estate broker Lawrence Moens of Lawrence A. Moens Associates.

Other recent high-dollar condo deals of properties in the local multiple listing service include last November’s $8 million sale of No. N-42 at Two North Breakers Row, handled on both sides by Sotheby’s International Realty; and last December’s $8 million sale of 104 Gulfstream Road, handled on both sides by Angle.

In addition, in 2007 No. 1003S at the Palm Beach Biltmore fetched $8.9 million in a deal that saw Sotheby’s acting for the seller and Palm Beach Real Estate representing the buyer.

Roger Duhl and Sankin could not be reached for comment.

 

Source: Darrell Hofheinz, February 27, 2013, Palm Beach Daily News

http://www.palmbeachdailynews.com/news/news/national/deed-leverett-house-apartment-fetches-95m/nWbFF/

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