Jeff Bezos Spends $16 Million on a ‘Vertical’ Dream Home in Manhattan

Key sentence:

• Jeff Bezos extends his residential holdings in Manhattan, paying $16.13 million for another apartment at a 24-story boutique condominium.
• The Amazon CEO purchased the 212 Fifth Avenue condominium through a Delaware-registered limited liability company.

Jeff Bezos is extending his residential holdings in Manhattan, paying $16.13 million for another apartment at a 24-story boutique condominium across from Madison Square Park in the Flatiron neighbourhood, where he already owns all four floors.

On February 25, the Amazon CEO purchased the 212 Fifth Avenue condominium through a Delaware-registered limited liability company. According to the deed filed with the city on Thursday, the transaction closed on April 7.

The agreement was reached outside of the market. According to property records, the seller, whose name is hidden behind a limited liability organisation, paid $11.25 million for the unit in April 2018.

The residence is one of only two on the 20th level and sits directly below Mr Bezos’ three-story, 10,079-square-foot penthouse and two flats on the 21st floor, which he purchased for a total of $80 million in May 2019 through the same LLC, according to property records.

According to Forbes’ real-time assessment, Mr Bezos, 56, is the world’s richest man, with a net worth of $142 billion. However, he did not react quickly to a comment request submitted through Amazon.

Also read: GE to divided into three public firms, focusing on aviation, health care, and energy

The 3,078-square-foot property contains:

• Three bedrooms.
• Three and a half baths.
• A loft-style dining and living area.
• Multiple gallery walls.

According to a previous listing, the residence offers enormous windows, high vaulted ceilings, marble walls and counters, and radiant-heated Thassos stone floors.

The development team headed by Robert Gladstone and Joseph Sitt transformed a century-old neo-Gothic industrial building. A 24-hour doorman, concierge, a fitness facility with a yoga studio, a boardroom, a game room, a golf simulator, a screening place, and a children’s playground are among the building’s amenities.

According to sources and property records, the building’s owners includes Charles Kushner, a developer and Jared Kushner’s father; Peter Riguardi, president of Jones Lang LaSalle’s New York region; Ed Bass, a Texas millionaire; and Rob Stringer, CEO of Sony Music Group.

Source from Mansion Global

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