Aaron Charney, Biglaw, Gay, Lawyerly Lairs, Money, Real Estate

Lawyerly Lairs: Aaron Charney Has Left the Building

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No, not the Sullivan & Cromwell headquarters at 125 Broad Street. That happened months ago, not long after the young corporate lawyer sued his uber-prestigious employer, claiming anti-gay discrimination and retaliation by S&C.
We’re referring instead to Aaron Charney’s former home, a luxury apartment on the 53rd floor of the Orion — a new, high-rise condominium on the West Side of Manhattan. We previously profiled Aaron Charney’s apartment (above right) back in this post, wherein we wrote:

City records show that in late November, Charney closed on an $820,000 condominium in the fancy new Orion building, on the west side of Manhattan….

Charney financed this purchase with a $656,000 mortgage — 80 percent financing. Perfectly respectable; not overly leveraged. This means he put down about $164,000 for the purchase.

(Food for thought: Did S&C help him out with his down payment?)
Well, now Aaron Charney has gotten back all that money — and then some. NYC records disclose that he sold his apartment last month for $972,500 (and paid off his mortgage).
So Charney flipped a property he owned briefly, just over six months, for $152,500 more than he paid for it. If you’ve been wondering how Aaron Charney is supporting himself these days, there’s your answer (or at least part of it).
Nice work, Aaron! Even after closing costs — we doubt he paid the full 6 percent commission (who does these days) — he probably made a tidy profit. If Aaron Charney decides not to return to law, maybe he has a promising career in real estate.
Update / Correction: As discussed in the comments, “[h]e’ll have to pay both the NY ‘flip tax’ and federal capital gains tax because he held it for such a short period.” So maybe he’s not making as much of a killing as we originally thought.
Further Update: Detailed tax analysis here.
More details about Aaron’s pad, including text and images from the real estate listing, after the jump.


Here’s a table showing Aaron Charney’s recent New York City real estate transactions (information that’s publicly available, for free and online, via ACRIS — so no privacy violation here):

Here a link to the listing for Charney’s apartment. And here’s the text and some images (in case the listing gets pulled — which we’re guessing will happen very soon after this post goes up).

Stunning one bedroom on the 53rd Floor of Orion- the hottest building on Manhattan’s West Side. The view all the way down to the Statue of Liberty, over Downtown Manhattan, the Met Life and Empire State Buildings is truly jaw-dropping. Featuring a large open kitchen by Valcucine with granite counters and Bosch stainless steal appliances, there’s also a beautiful bathroom with Waterworks fixtures and mosaic tiles by Anne Sachs, custom designed closets, washer/ dryer and an extra-large bedroom.

Building amenities are second to none and include full-time doormen and concierge, VIP concierge services by Abigail Michaels, residents’ lounge with free breakfast, screening room and an amazing 8,000 square foot gym by La Palestra which boasts a lap pool, hot tub, sauna, yoga room and sun decks. Amazingly low common charges and a 421(a) tax abatement are the icing on the cake for this spectacular apartment!

Some pictures (in addition to the living room photo at the top of this post):

Observant readers may recognize the bed linens, which made an appearance in the New York magazine photo spread.

When you’re a Biglaw associate, your kitchen is immaculate. Why bother cooking, when there’s SeamlessWeb?

Generally we’ve been impressed by Aaron Charney’s interior decorating skills. But what the heck is that hideous thing over the toilet?

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So… Does anyone know where Aaron will be moving to?
350 West 42nd Street, Apt. 53F [Corcoran]
Earlier: Lawyerly Lairs: Aaron Charney’s De-Luxe Apartment in the Sky-y-y

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