On Tuesday, July 21st a fascinating auction will take place of a 34th floor condo located at One Beacon Court (Bloomberg Tower) by David R. Maltz & Co., Inc.  The condo, located at Tony 151 E 58th Street is the property of disgraced attorney Marc Dreier, the sole equity partner in the 250+ lawyer firm Dreier LLP.  And while Dreier may have done many things wrong, such as commit securities fraud and wire fraud, he was really good at spending money.  Dreier’s lavish purchases included waterfront real estate on Dune Road in Westhampton (also recently auctioned by Maltz) in addition to a plethora of yachts, cars, and an extensive art collection.

Details of unit 34C, being auctioned off at 1 PM on July 21st includes the following:

• 3000 feet of indoor living space with floor-to-ceiling glass
• 738 foot terrace (accessible through the Master Bedroom and Living Room)
• 4 bedrooms / 4 baths
• Custom designs by Michael Braverman
• Ultra-luxury $200,000 kitchen renovation
• Crestron Smart Home

The building, one of the finest condominiums in New York features a celebrity roster which includes hedge-fund king Steve Cohen, singer Beyonce Knowles, Jeff Immelt, Jack Welch, several New York Yankees and many other real estate and business tycoons.

The building features 24/7 doorman/concierge services within the spectacular circular driveway.  The ground floor is also the new home of Le Cirque, formerly located in the New York Palace hotel.  The building has its own garage and “The Beacon Club” which has a fitness center, entertainment suite, kitchen, etc for entertaining guests and hosting functions.

Because of the ‘deals’ some of our readers have written in about from the recent auction craze, we have been covering some of these high-end auctions in greater detail.  In order to view the property, a $500,000 certified check must be faxed to David R. Maltz & Co., Inc at 516-349-0105.  Feel free to direct any other questions directly to them or you can e-mail me and I can get in touch with them as well.

Best,

James Hathaway

This entry was posted on Thursday, July 2nd, 2009 at 1:34 pm and is filed under NY Condo Blog. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.