A retired Princeton ear, nose and throat doctor and his wife quietly closed on a Central Park West condominium for roughly $24.8 million on Feb. 6, 2026, property records show. The purchase bundled a roughly 3,400-square-foot three-bedroom home with a separate 460-square-foot studio. The buyers used an LLC called CPW88 for the transaction, and public deed records list Jolly Star Holding Limited as the seller. The sale appears in Manhattan property filings.
According to Crain's New York Business, the parties went into contract on Dec. 2, 2025, and closed on Feb. 6, 2026, for about $24.8 million - roughly 10 percent below the apartment's May 2024 asking price of $27.5 million. Crain's reports that the Lis paid in cash and that the main unit includes three bedrooms, three-and-a-half baths, a formal dining room and a standalone library with floor-to-ceiling windows and Central Park views. The deal also included the separate studio on another floor, according to public records.
Offshore history tied to the unit
Public records show Jolly Star Holding Limited bought the three-bedroom and the studio in separate 2008 transactions for roughly $15.6 million combined, according to reporting. Investigative journalists have traced Jolly Star to a Hong Kong couple and flagged the company as an example of offshore ownership of Manhattan trophy apartments, as detailed by OCCRP. The paper trail links this single New York address to overseas holdings that had previously drawn regulatory scrutiny.
In a 2013 ruling, Hong Kong's Market Misconduct Tribunal "determined that Ms Sun Min was culpable of insider dealing" and ordered fines along with temporary trading and director bans, according to a government press release from Hong Kong authorities. That official notice lays out the tribunal's orders and the sums it required Ms. Sun to pay, providing the primary public record tying the offshore owners to an earlier misconduct finding. The episode has been cited by reporters tracing the ownership chain behind Jolly Star.
Buyer profile and Princeton ties
The deed lists the buyer as Dr. Ronald Li and his wife, Carol Chiang-Li, who the reporting says used CPW88 to complete the purchase. Per Crain's New York Business, Li is an ear, nose and throat specialist who ran a practice in Princeton and retired in 2021; Mercer County tax records reviewed in reporting link CPW88 to a Colonial-style house the couple bought there in 1997. The public filings show a suburban medical career intersecting with a Manhattan ledger through an anonymous purchasing vehicle.
The sale highlights how luxury Manhattan real estate can be transacted through shell companies and offshore vehicles that make it harder to track ultimate ownership. That pattern - and the larger questions it raises about where capital comes from and how it is parked in New York property - has been documented by investigative outlets tracking cross-border flows into U.S. real estate, including OCCRP. For regulators and neighborhood observers alike, the deal is another reminder of the city's global pull.
There are no public allegations of wrongdoing in this particular transfer; the public records show a cash deal recorded in the city register. Still, the purchase ties a suburban medical career to a Manhattan address with a long paper trail and underscores how legal, anonymous vehicles continue to shape the face of the city's high-end market.
