Philanthropist Marcia Riklis will ‘give away’ $2M to sell Fifth Ave. spread

Real Estate

Philanthropist and former ad exec Marcia Riklis is planning to take a hit on the sale of her Upper East Side home.

The posh ninth-floor co-op, at 980 Fifth Ave., is on the market for $6.35 million.

That’s more than $2 million less than the $8.4 million she paid for it back in 2012.

But a couple of million may not have the same meaning to Riklis — who once tried to rent out her Southampton oceanfront beach house on Meadow Lane for $2.5 million for the 2015 summer season.

Riklis is the daughter of the late Meshulam Riklis, a Turkish-born, Israeli-raised financier, corporate raider and casino owner who had been photographed with Jewish gangster Meyer Lansky. (He denied they worked together.)

Riklis was best known for marrying actor/singer Pia Zadora — the second of his three wives — and funding/managing her career. (In 1992, Riklis and Zador were ordered by a Manhattan judge to pay Donald Trump $751,000 in back rent for their time at Trump Tower, according to the New York Times.)

Riklis bought the stunning Fifth Ave co-op from billionaire real estate developer Zygmunt “Zygi” Wilf, chairman and co-owner of the NFL’s Minnesota Vikings, and his wife Audrey, according to property records.

The three-bedroom, 3½-bathroom postwar co-op comes with a renovated eat-in galley kitchen and features separate private and public wings, along with stunning views of Central Park and the Metropolitan Museum of Art.

While maintenance fees are a steep $9,759 a month, a parking space in the building’s garage can be rented for a relative bargain at $250 a month.

Listing brokers Bonnie Chajet and Ronnie Lane, of Warburg Realty, declined comment.

Products You May Like

Articles You May Like

We’re seeing ‘huge demand’ in the housing market, real estate mogul says

Leave a Reply

Your email address will not be published. Required fields are marked *