2012 was the year for luxury real estate in NYC, as many infamous addresses, historical settings, and even one of Manhattan’s most powerful buildings was up for grabs.
From billionaires to business moguls, from a casino oligarch to a 22-year-old, buyers broke sales records in NYC residential real estate.
Below you will find a compilation of Manhattan’s 5 biggest sales in 2012.
#5: 834 Fifth Avenue
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Sometime in late January, a Fifth Avenue apartment sold for $42 million—$8 million over the initial asking price of $34 million. Billionaire Robert Bass along with his wife, Ann, purchased the place from former vice chairman of Lazard, Damon Mezzacappa.
#4: 740 Park Avenue
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In May, founder of Oaktree Capital, Howard Marks, purchased two adjoining duplexes from widow of former Time Warner CEO Steve Ross— Courtney Sale Ross. Known as “Manhattan’s most prestigious address”, the apartment, totaling 30 rooms, sold for a cool $52.5 million.
#3: A Fifth Avenue Penthouse
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Most recently in November, music mogul, David Geffen bought out a Fifth Avenue co-op from singer-songwriter and socialite, Denise Rich. Initially listed at $65 million, the 12,000-square foot palatial spread was sold for a staggering $54 million, ultimately breaking the record for most expensive co-op ever sold.
#2: A Ritz-Carlton Condo on Central Park South
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American business magnate and casino tycoon, Steve Wynn purchased a 10,882- square foot apartment from Christopher M. Jeffries, founding partner of commercial real estate firm Millennium Partners sometime in June. The 14-bedroom condo, which was originally the Ritz-Carlton’s ballroom, sold for a whopping $70 million.
#1: 15 Central Park West
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Russian businessman, investor, philanthropist and current owner of AS Monaco Football Club, Dmitry Rybolovlev purchased the penthouse from former Citigroup CEO, Sandy Weill sometime in February. The billionaire reportedly threw down $88 million for the apartment, to ensure that his 22-year old daughter had a place to stay when she visits New York.
With real estate on the rise, we can only wait and see what 2013’s listings will bring…What do you foresee?