News Column

Peters puts NYC condo on market for over $8M

June 12, 2014

By Steve Terrell, The Santa Fe New Mexican



June 12--Santa Fe businessman and art dealer Gerald Peters is hoping to sell his condominium on New York City's Upper East Side that he bought 10 years ago -- and hoping to make a $5 million-plus profit on it -- a New York paper is reporting.

According to The New York Observer, Peters in 2004 paid $2.8 million for the three-bedroom, 2,070 square-foot apartment that overlooks Central Park. He purchased it in 2004 from luxury-home builder Robert Toll of Toll Brothers, the paper said.

The condominium is listed with the Douglas Elliman real estate company for $8.28 million.

"Something smaller, perhaps, for the gallerist?" the paper said in an article published Monday. "Mr. Peters spends more time in the Southwest where he got his start, [real estate agent Carol] Staab told the Observer, dealing in such art world stars as Georgia O'Keeffe. From the looks of his place, he certainly has a keen eye for framing."

Neither Staab nor Peters could be reached for comment Wednesday.

The condominium is located at 30 East 85th Street, on "the prestigious gold coast of Park to Fifth Avenues," the The Douglas Elliman listing says.

The listing describes the apartment as follows:

"Enjoy exceptional breath-taking full Central Park & reservoir views, sweeping vistas of Central Park South including iconic buildings such as the Chrysler, Empire State and Time Warner as well as open eastern exposures. Relax with your favorite drink on your choice of two terraces one of them with a birds-eye view of Central Park , the reservoir, Central Park South , Central Park West and Columbus Circle. This very rarely available A-line apartment with high ceilings boasts 3 bedrooms with 3 en-suite marble baths plus a marble powder room. There are wide planked hardwood floors. Wall to wall oversized panoramic windows through-out flood the rooms with sunlight and show off the priceless views. There is room to room climate control for your comfort. Your privacy is ensured due to there being only one other apartment on the floor."

Services at the building include a doorman, concierge and elevator operator. Also in the building is a health club, storage and a garage.

Peters began dealing in the works of Georgia O'Keeffe more than 40 years ago. More recently, he's handled several historic and contemporary artists from his self-named gallery in Santa Fe on Paseo de Peralta. He also has another gallery on East 78th Street in New York City.

Peters also owns Century Bank and has interests in several local restaurants including La Casa Sena, Rio Chama Steakhouse, Maria's New Mexican Kitchen and the two Blue Corn CafÉs. Peters wanted to get into the casino business, but his plans for opening a casino and resort near Anthony, N.M., were thwarted by the federal government.

Contact Steve Terrell at sterrell@sfnewmexican.com. Read his political blog at roundhouseroundup.com.

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(c)2014 The Santa Fe New Mexican (Santa Fe, N.M.)

Visit The Santa Fe New Mexican (Santa Fe, N.M.) at www.santafenewmexican.com

Distributed by MCT Information Services


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Source: Santa Fe New Mexican, The (NM)


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