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Friday, January 27, 2012

Denise Rich selling NY's co-op for $65M

Denise Rich

It’s the city’s most expensive co-op apartment — and it can be all yours for a cool $65 million.

Songwriter Denise Rich — ex-wife of presidential-pardon recipient Marc Rich — is putting her Fifth Avenue penthouse on the selling block.

With such a staggering price tag, a buyer can expect a bit more than the basic luxury amenities.

The digs are so expansive that Rich — who penned the lyrics to such hits as the Aretha Franklin-Mary J. Blige duet, “Don’t Waste Your Time,” and Mandy Moore’s “Candy” — once converted one of her three terraces into a professional-grade figure-skating rink for a blowout party.

The other two outdoor spaces are a rooftop terrace that can hold up to 200 people and a separate wraparound terrace.

Stevie Wonder has tickled the ivories of her baby grand piano, which takes up only a fraction of the living room, and Celine Dion has sung in the apartment’s personal recording studio.

The 12,000-square-foot duplex, right on the corner of East 60th Street, was designed by Emery Roth and boasts seven bedrooms, 11 baths and three kitchens.

There’s also a grand salon, a formal dining room seating 22, a media room, a billiards room, a full gym and a library with a fireplace.

Oh, and sweeping views across Central Park.

Altogether, the apartment has 19 rooms — but Rich says it’s too much space for one woman.

Now that her two daughters live in Europe, Rich said she’s going to buy a smaller city apartment and split her time overseas.

“This apartment has been an incredible home,”

But, she added, “I don’t have the need for this type of space. My greatest hope is that the next family loves and enjoys this home as much as we did.”

Corcoran Group brokers Bonnie Pfeifer Evans, Noble Black and Chazz Levi have the listing.

Rich, a Grammy-nominated songwriter and political fund-raiser, was married to Marc Rich, an international fugitive indicted for illegal oil deals with Iran before he was controversially pardoned by President Bill Clinton on his last day in office.

One of her three daughters, Gabrielle Rich Aouad, 27, died from leukemia in 1996. Rich then co-founded the Gabrielle's Angel Foundation for Cancer Research to fight the disease.

Even though $65 million sounds like a lot, the price works out to about $5,400 a square foot — not including the outdoor space.

That’s less than the record condo — not co-op — price of $13,000 per square foot, which is what former Citigroup Chairman Sandy Weill’s triplex at 15 Central Park West recently sold for.

The second-most expensive Manahttan co-op listing on the books is at 740 Park Ave., where two apartments could soon be combined and listed for $60 million.

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