Spitzer Enterprises, the real estate company led by the former New York governor, Eliot Spitzer, and his partner analyzes the sale of a luxury apartment building with Central Park in Manhattan, reports Bloomberg. Spitzer and the co -owner of the 800 Fifth Ave building, Winter Properties, put the property for sale, which could have a value of up to $ 1 billion, according to sources familiar with the subject. A team of Newmark Group Inc., led by Doug Harmon and Adam Spies brokers, represent the owners in the transaction, according to the sources that wanted to remain anonymous for privacy reasons. Currently, the building is used for rent, but the site is promoted as a significant development opportunity for investors interested in transforming it into a residential complex. A developer could build about 350,000 square feet (32,500 square meters) of residential space, the sources said. The representatives of Spitzer and Winter did not respond immediately to the comment requests. A Newmark spokesman refused to make statements. Previously, The Promite reported that companies analyze the sale, without revealing its estimated value. Investors are looking for land for the development of luxury housing in Manhattan. Earlier this month, Soloviev Group purchased an office building on West 57th Street, known as Billionaires' Row, having options for future developments, including luxury apartments, a hotel and commercial spaces. Michael Hershman from Soloviev said in an interview that there is a high demand for luxury homes in the city. Last year, Extell Development bought an office building on Madison Avenue, with plans to turn it into a complex of luxury housing and stores. The Spitzer family had a significant influence in the New York real estate throughout the decades, Eliot's father supervising a real estate company for the construction of luxury skyscrapers. Eliot continued to work in this sector, building towers in Brooklyn and trying to refurbish a 985 Fifth Ave property.
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