Big Ticket | Treetop Park Views for $16,575,000

Perhaps it was the lure of a free key to exclusive Gramercy Park, but the as-yet-unfinished gut renovation of a historic Salvation Army rooming house at 18 Gramercy Park South by Zeckendorf Development and Robert A. M. Stern, the premier team that produced the premium price precedents set by 15 Central Park West, has recorded its first closing. A floor-through unit on the ninth floor sold for its full asking price of $16,575,000, an amount that escalated to $16,877,493.75 once the transfer taxes kicked in, and was the most expensive sale of the week, according to city records.

The 4,207-square-foot residence has four bedrooms and five and a half baths, and provides treetop views of the park and surrounding historic neighborhood with the addition of 35 large windows. The anticipated monthly carrying costs are $11,200. According to the developer, 8 of the available 16 residences, including a $42 million duplex penthouse with four terraces and two pools that was snapped up by Leslie Alexander, the owner of the Houston Rockets, went swiftly to contract for the full listing price despite being bought off the offering plan.

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The Ad Campaign: Group Frames the Choice as Anyone but Quinn

A political action committee dedicated to thwarting Christine C. Quinn’s mayoral ambitions released three new advertisements on Thursday, featuring New Yorkers explaining why they do not like Ms. Quinn, the City Council speaker, and will not vote for her. The committee, called NYC Is Not for Sale 2013, was founded by the president of Local 1180, which represents communications workers; an animal rights group that has sparred with Ms. Quinn over horse-drawn carriages; and a wealthy businesswoman. It is legally allowed to spend unlimited amounts on political advertising as long as it does not coordinate its activity with a candidate. The ads began running Thursday on several cable channels in the city, and was produced by The Advance Group.

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