Architect wins condop at 110 Central Park South

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