UPDATE: 820 Fifth Avenue

A couple of short weeks ago, Your Mama gave a thorough run down on all the ridiculously rich residents of 820 Fifth Avenue, one of New York City's most exclusive apartment houses where the famously fussy and fearsome board has been known to reject purchase applications of big name and big money buyers like mono-monikered stitch bitch Valentino, bald billionaire Ron Perelman, casino tycoon Steve Wynn, oil heir Freddie Koch and pharmaceutical heiress Libbet Johnson who was reportedly cleared to purchase one apartment but nixed when she inquired about buying both the fourth and the fifth floors in order to create a monumentally massive duplex situation.

In our little discussion, Your Mama discussed the 4th floor spread currently owned by real estate magnate Ara Hovnanian and his abstract ar-teest wifey Rachel. According to New York City real estate tattler Max Abelson at the NY Observer, the Hovnanians recently and quietly floated their full floor apartment on the market with a heart stopping asking price of $36,000,000.

Shortly after Mister Abelson let the Hovnanian real estate cat out of the bag, Miss Beeswax whispered to Your Mama that the Hovnanians had already secured a contract to sell the apartment to an unknown buyer and all that remained to seal the deal was for the wannabe resident of 820 to pass muster with the iron-fisted board and more specifically with the 3rd floor resident, high society doyenne Jayne Wrightsman who is rumored to hold the keys of the Golden Kingdom at 820 even though she does not technically sit on the board.

This week, Mister Abelson came right out and identified the wannabe resident of 820 as 40-something year old real estate wunderkind Jeff Blau and his nutrition nut wifey Lisa. Mister Blau, the head honcho at the real estate juggernaut Related Companies, reportedly offered thirty one million smackers for the Hovnanian apartment but, according to one of Mister Abelson's seemingly very well placed sources, before Mister Blau could write that big check he received word from the board that "it would not be appropriate to go forward with the application." Oh, ouch. The market may be down but apparently the boards of New York's most difficult to access buildings are going to maintain a stiff upper lip and adhere to their stringent (and arcane) standards for gaining entry. It's a weird world ain't it children?

Before anyone throws a real estate pity party for Mister and Missus Blau remember that just last year the deep pocketed pair forked over $21,000,000 for Scott Bommer's full floor apartment at tony 1040 Fifth Avenue which is, of course, the same building Jackie-O called home for about a thousand years before her death.