Bloomberg – A Manhattan mansion owned and restored by hedge fund Zimmer Lucas Capital LLC is under contract more than a year after it was put on the market.
The buyer of the five-story townhouse at 7 W. 54th St. is a local firm that paid cash and is seeking to use it as office space, said Carrie Chiang, a residential broker with Corcoran Group who handled the sale. The property was first put on the market last May for $65 million and was relisted in December for $49.9 million.
