Jim Garman And Alys Garman Purchase Co-Op From Jacqui Safra For $10.5 Million

The property involved in this transaction is a co-op located at 800 Park Avenue in the Upper East Side market. The sale price was set at $10,500,000. The unit had previously been listed at $13,500,000 since 2022, indicating a significant adjustment in pricing over time.

Summary of transaction details:

• Property Type: Co-Op
• Transaction Amount: $10,500,000
• Buyer: Jim Garman & Alys Garman
• Seller: Jacqui Safra
• Broker: Steven Cohen - The Corcoran Group
• Initial Purchase Price by Seller: $11,000,000
• Seller's Property Location: East 74th Street, Park Avenue

The buyers, Jim Garman, a Goldman Sachs executive, and his spouse Alys Garman, completed this purchase from seller Jacqui Safra, a known figure in the art collecting and film producing industries. Safra has recently been involved in auctions of high-profile art pieces and has litigated against Christie’s regarding the marketing of his collection.