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Jennifer Gould

Jennifer Gould

Real Estate

Luxe rug company chief nabs Fifth Ave. co-op at a discount

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812 Fifth Avenue, 16th floor
Cyrus Yaraghi's gone from rugs to riches on Fifth Avenue.H5
812 Fifth Avenue, 16th floor
H5
Advertisement
812 Fifth Avenue, 16th floor
H5
812 Fifth Avenue, 16th floor
H5
812 Fifth Avenue, 16th floor
H5
Advertisement

A co-owner of the posh Safavieh brand of rugs and home furnishings, Cyrus Yaraghi, bought the 16th floor of 812 Fifth Ave. for $10.8 million — far less than its original $15 million asking price last year.

It was last asking $11.8 million.

Cyrus Yaraghi
Cyrus YaraghiLEANDRO JUSTEN/PatrickMcMullan.com

The four-bedroom co-op, with four full bathrooms and a powder room, is 4,200 square feet, and has 75 feet overlooking Central Park.

There’s a private elevator landing that leads to a roomy gallery, and outside, 200 square feet in planting terraces.

The home stocks plenty of old-world touches, like oak herringbone floors, a long living room, double-height windows and a wood-paneled library with a woodburning fireplace.

Listing brokers Diane Johnson, Susan Sperber and Scott Boyd, of Douglas Elliman — and buyers’ brokers Philip Scheinfeld and Ian Slater, of Compass — declined to comment.