exclusive
A living area inside the just-auctioned residence.
Elegran Forbes Global Properties
The Smuckers got into a bit of a jam at the famed Plaza Hotel — but it turned out to be sweeter than sugar.
Tim and Jenny Smucker, the eighth generation of the famed fruit spread family, took a $1 million-plus hit when they sold their one-bedroom pied-à-terre at the hotel by auction — for $1.9 million, according to city property records. The couple had bought it for $2.95 million in 2021.
The apartment comes with a private terrace, which is rare for the Central Park-facing landmarked building, at 768 Fifth Ave.
Tim Smucker is the fourth generation to run the Ohio-based J.M. Smucker Company, which was founded in 1897 and whose jars are commonly seen along jam aisles in American grocery stores.
It could have been a sticky situation. But the financial hit has not soured the jammy family off the hotel.
In fact, the family loves the building so much that they bought a larger unit on the ninth floor for $3.7 million, Gimme Shelter can reveal exclusively.
That 1,212-square-foot residence comes with one bedroom, 1.5 baths and stunning Central Park views. It’s the largest one-bedroom in the building, with 12-foot-high ceilings, and a large living/dining room facing the park that’s primed for entertaining.
Details include herringbone hardwood floors, crown and floor moldings, and hand-painted walls. The bedroom boasts a walk-in closet and an ensuite spa-like bath.
The Smuckers bought the unit via an anonymous shell company, Spring Row Holdings, which is based in Akron, Ohio. The condo had been on the market for $4.25 million.
“It’s a buyer’s market. Prices have come down and there are great deals at the Plaza,” an insider said.
Listing broker Charlie Attias, of Compass, declined to comment.
Their new pied-à-terre is significantly larger than No. 508, which is 782 square feet — and whose terrace is 522 square feet. That smaller residence is extra quiet, since it faces the Plaza’s courtyard fountain and gardens. Inside, the condo also features old world details such as herringbone wood floors and crown moldings.
It is also next to the Astor Suite, No. 509, which John Jacob Astor, the Duke and Duchess of Windsor, President John F. Kennedy, ex-Facebook president Sean Parker and Esprit founder Jürgen Friedrich have all called home.
Both 508 and 509 were designed by S.R. Gambrel, an AD100 interior designer, who hired some of the same artisans that helped restore Windsor Castle in England.
The Smuckers hired an Ohio company, Kiko Auctions — which also sells tractors — to handle the auction, Gimme Shelter previously reported.
Eileen McGill of Elegran Forbes Global Properties was the listing broker alongside Peter R. Kiko of Kiko Auctions.
Load more…
{{/isDisplay}}{{#isAniviewVideo}}
{{/isAniviewVideo}}{{#isSRVideo}}
{{/isSRVideo}}
