page_title: The San Remo
section_title: Conversion to a cooperative
hierarchical_section_title: The San Remo / History / Conversion to a cooperative
caption_attribution_description: English: snowed Central Park and San Remo 한국어: 눈으로 뒤덮인 센트럴 파크와 산리모 빌딩
context_page_description: The San Remo is a luxury 27-floor co-operative apartment building in Manhattan located between West 74th Street and West 75th Street, one block north of The Dakota. Opened in 1930, the San Remo is described by Glen Justice of the New York Times as "a dazzling two-tower building with captivating views of Central Park." As a housing cooperative, its board has a reputation for "lenient admissions standards" compared to the conservative, old-money boards on the other side of the park.
context_section_description: The San Remo is now one of the most desirable and expensive apartment buildings in Manhattan. It converted to a co-op in the 1970s, meaning that tenants in the apartments are actually shareholders in the corporation that owns the building. Owning shares entitles one to reside in a particular unit. Purchasing apartments (shares) in the building is a significant investment.
  Recent asking prices have ranged from a minimum of $3 million to a high of $75 million. The most desirable apartments (large units with Park views or tower floors) are typically valued at $2,500–$3,500 per square foot. The San Remo has consistently achieved the highest sale prices per unit on Central Park West, and is the top co-op building in terms of price per square foot on the Upper West Side, attaining prices of almost $5,400 per square foot for its penthouse units.
  Many purchasers over the years have combined their units. Steven Spielberg combined two Park-facing units on the 16th floor into a 6,000 sq ft (560 m²) unit with terraces. A unit was reportedly sold to professional golfer Tiger Woods for $28 million in April 2008. Dustin Hoffman recently sold his unit.
  The 27th floor (top floor) of the north tower has been combined into a portion of the former mechanical space above it, creating a unique two-story unit. In total, the apartment has 3,500 sq ft (330 m²) of interior space and 1,300 sq ft (120 m²) of terraces. This unit was purchased by Bono from Steve Jobs for $15 million.
  Demi Moore owns the last remaining south tower two-story unit, at the very top of this tower. Moore and then-husband Bruce Willis purchased the apartment in 1987 from Robert Stigwood.  This unit was combined into a portion of the tower's mechanical and storage space above it (similar to the top floor unit in the north tower), creating a three-story unit with over 7,000 sq ft (650 m²) of interior space, multiple terraces and 360-degree views from all floors.  As of May 2015, Moore was trying to sell the unit with an asking price of $75 million. Demi Moore is reported to have finally sold her south tower penthouse apartment for $45 million in May 2017, a $30 million reduction from the original asking price.   This represents the highest price ever paid for a coop apartment on the Upper West Side in Manhattan.
caption: San Remo after a snowstorm
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