Jordan Pantzer has handled more than $8 billion in real estate transactions since joining his family’s Jersey-based development firm, Pantzer Properties. So while $16 million might seem like a lot to pay for a home, to Mr. Pantzer, it’s peanuts.
That is what he and wife Marcie paid for a 14-room duplex at stately limestone beauty 998 Fifth Avenue, according to city records. Proving his real estate chops, Mr. Pantzer got a deal on the place, which came on the market way back in September 2007 for $25 million. The price finally came down in April of last year to $19 million, though that was still too much. Read More