The buyer remained anonymous but paid $190 million for a “penthouse” above Central Park. A sale which confirms that the price of luxury real estate is once again near the heights in New York.
In the opinion of Wall Street Journal, the American economic daily, it is one of the most expensive sales ever concluded in New York!
100 million dollars of capital gain in 3 years
The American billionaire, Daniel Och, 61, founder and former CEO of the global hedge fund Och-Ziff Capital Management, since renamed Sculptor, has sold his “penthouse” of 900 m², 4 bedrooms, with terrace, perched on the top floor of a skyscraperl, au 220 Central Park South, 1$90 million (165 million euros): a great deal when you know that he had bought this apartment in the heart of Manhattan, with a breathtaking view of Central Park, just 2 years ago for the modest sum of 93 million dollars: half of its price!
A New York pied-à-terre…
Exiled to Florida for tax reasons, the American billionaire, whose personal fortune is estimated at 4.1 billion dollars, had bought this “penthouse” to make it a pied-à-terre. The same year, he had offered himself another apartment at 15 Central Park West, in the heart of the green lung of Manhattan. Housing estimated at $57.5 million.
In September 2016, this fund, which at the time managed 40 billion dollars in assets, was sentenced by the American authorities to a fine of 413 million for having set up a vast network of corruption in African countries. such as Libya, Chad or the Democratic Republic of Congo.
Booming luxury real estate
Fueled by low borrowing costs, luxury real estate, a safe haven in this uncertain socio-economic context, is again very flourishing: in 2021, sales reaching impressive amounts have been linked. And for good reason, as investors know: buying high-end stone in New York is always a good idea: prices in the Lower East Side, located along the East River, between the Manhattan and the 14e street, increased by 168% between 2010 and 2019 and those of Grammercy, a quiet and upscale residential area, located near the small private park, Grammercy Park, increased by 109%.
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