Jet exec Alireza Ittihadieh flips Fifth Ave. home for $3.49M

Real Estate

He brokers jets that roam the skies. Now Alireza Ittihadieh, president and CEO of Freestream Aircraft, is flipping his Fifth Avenue pad for $3.49 million — after buying it last year for $3 million.

The two-bedroom, two-bath home is at tony 907 Fifth Ave., a posh and quirky building that comes with Central Park views and well-heeled neighbors.  

Massimo Ferragamo, the youngest son of the late Salvatore Ferragamo and chairman of Ferragamo USA, just bought the building’s three-bedroom maisonette for $7 million in early June — well above its $6.65 million asking price, according to reports and public records.

The purchase comes a few years after Ferragamo sold his nearby six-bedroom penthouse duplex with a 3,000-square-foot terrace at 655 Park Ave. for $11 million, down from its original $18 million ask.

The maisonette, a former medical office before its renovation by previous owners, comes with a private entrance, which is what Ferragamo was looking for, our spy said.


Posed shot of Massimo Ferragamo.
Massimo Ferragamo.
Getty Images

Exterior of 907 Fifth Ave.
The two-bedroom home is inside quirky 907 Fifth Ave.
Edward Menashy/Evan Joseph Studios

Interior of a living room.
Natural light floods into the Central Park neighboring abode.
Edward Menashy/Evan Joseph Studios

Interior of a bedroom.
One of the home’s pair of bedrooms.
Edward Menashy/Evan Joseph Studios

The building is also where poker and blackjack-playing hedge fund manager Boaz Weinstein, of Saba Capital Management, and his spouse, Tali, bought the penthouse.

It was also formerly home to America’s late reclusive heiress, Huguette Clark, and her spooky doll collection.

The Weinsteins paid $25.5 million for the penthouse in 2012, a year after Clark died at age 104. She hadn’t lived in the penthouse for decades, but kept her doll collection there and regular maid service. The dolls were not included in the apartment’s sale.


Interior of the home's hallway.
The fourth-floor unit comes with 10-foot-high ceilings.
Edward Menashy/Evan Joseph Studios

Interior of a bedroom.
Another bedroom inside the co-op.
Edward Menashy/Evan Joseph Studios

Interior of the building's gym area.
The building, built in 1916 by J. E. R. Carpenter, sports a gym.
Edward Menashy/Evan Joseph Studios

Two additional eighth-floor units owned by Clark’s estate were also sold in 2012, and Martha Stewart owns in the building. 

Ittihadieh’s fourth-floor co-op comes with two woodburning fireplaces, 10-foot-high ceilings and oversize windows offering Central Park views. The home opens to a gallery that leads to a corner living room with a fireplace. There’s also an eat-in windowed kitchen and a private wing with a fireplace in the main bedroom, along with a dressing room and a windowed, ensuite bath.

Original design details include marble and herringbone hardwood floors, crown moldings and lots of built-ins.  

The 12-story Italian Renaissance palazzo-style building, by J. E. R. Carpenter, dates to 1916. Building amenities include a landscaped roof deck with Central Park views and a gym.

The listing brokers are Douglas Elliman’s Lisa Simonsen and Charles McDonald. 

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