Mark David posted yesterday on Variety that Bravo Bigwig Andy Cohen had just made an off-market deal for an apartment on that "much-coveted and celeb-favored pre-war co-operative building in New York City's West Village."
Greg Jacobs of Huffington Post explains that unlike condo units, co-ops are owned by corporations. When one acquires an apartment in a co-op building, it is not to buy a real property (like one would do in a condo unit), rather what is bought there are shares of the corporation. The shares then entitle you to a propriety lease which makes you become closer to becoming an investor, and not the outright owner as when you buy a condo unit. Hence, the larger the apartment, the more shares you gain in that corporation.
The apartment is of the studio style with one bathroom. Property records show that this newly acquired space by Cohen is adjacent to the two-unit combination apartment owned by the multi-awarded (Emmy, Oscar, Golden Globe and People's Choice Awards) actress Sally Field in 2011 for $2.55 million.
Reports also have it that Cohen owns three other apartments in that building. Among them is another studio which he bought in 2003, and a two-bedroom, two-bathroom studio he acquired in 2010. Just above this spread is a second two-bedroom, two-bathroom studio he closed in 2014 for $2.571 million.
In 2013, Cohen left his Vice President position in the cable and satellite television network, Bravo, and started putting up his own production company. Cohen, however, continues to be the producer of the extremely successful "Real Housewives" franchise, and is the energetic host of the "Watch What Happens: Live" of the cable channel. Observers say this latest addition to his property portfolio may seem quite modest for this Emmy and Peabody awards recipient.
Just like many New Yorkers who can afford it, Cohen has his weekend retreat in a captivating cottage on Noyac Bay in the East Hamptons.
