
James Smiros with paddle in one hand, contract in the other.
James Smiros, an architect from Oyster Bay on Long Island, was the successful bidder Thursday evening for a 1026-square foot luxury apartment in the former Ritz Carlton facing Central Park.
Having been reduced by a third from its original price nearly two years ago, the one-bedroom unit went for $825,000 in a lackluster auction. That sum was Smiros’s only bid, and the under-bidder dropped out although the increment was a mere $10,000 from a high of $50,000. Continue reading