Licensed as Timothy G. Davis, Lic. Assoc. R.E. Broker At The Corcoran Group
The New York Post- 3/7/2012
A trophy penthouse duplex and a Southampton beach mansion that once belonged to Teddy Forstmann, the late billionaire bachelor businessman and philanthropist, are now on the market for a total of $70 million.
Forstmann, who personified the best of Wall Street, was known for his iconoclastic vision and business acumen, as well as his penchant for pretty girlfriends ? his last gal pal was Padma Lakshmi.
He also had great taste in real estate.
In Manhattan, Forstmann lived in understated elegance ? in a co-op on tony East 70th Street that is now asking $36 million. The 4,000-square-foot home is in a 14-story Rosario Candela building, across the street from Central Park on Fifth Avenue and the Frick Collection.
?Teddy was a major American icon ? a financier who invented corporate takeovers and lived his life in an attractive, elegant manner ? and his homes reflect that lifestyle,? a real-estate insider said.
The upstairs is basically a one-bedroom master suite, with a formal library/sitting room. The downstairs has two guest bedrooms.
There?s also a wraparound terrace with unimpeded views overlooking the Frick, Fifth Avenue and the park.
Valentino Garavini, the designer, lives in the building.
Sotheby?s brokers Serena Boardman and Meredyth Smith, who have the listing, did not return calls.
However, sources tell The Post that showings, which started yesterday, have been back-to-back.
Forstmann?s grand Southampton estate is for sale for $34 million. Listing broker Tim Davis, of The Corcoran Group, could not be reached for comment, but sources tell The Post that several parties are already interested in the estate, which is about to be officially listed.
The 9,000-square-foot home, with an oceanfront pool and tennis court, sits on four acres with more than 200 feet of oceanfront and clear views of Shinnecock Bay. It faces protected land. It was also the site of grand summer charity galas where Eagles star Don Henley rocked a crowd one year that included Gwen Stefani and Martina Navratilova