Jeff Bezos Drops $80M On Trio Of Fifth Avenue Condos
Jeff Bezos is reportedly spending around $80M on three condominiums on Fifth Avenue, in what would be the second-priciest residential deal in the city this year.
Amazon's founder and CEO, who scrapped a plan to build a massive new headquarters in Queens earlier this year, bought the penthouse and two other units at 212 Fifth Ave., The Wall Street Journal reports.
If combined, the three homes would total 17K SF and feature 12 bedrooms. It is the second-most-expensive home sale in the city in 2019 — after Ken Griffin’s $238M purchase at 220 Central Park South — and the most expensive sale ever south of 42nd Street.
The two units sold for $28.5M, according to records the Journal cited. The penthouse sale is not yet in public records, but was most recently listed for $58M. The 48-unit building at 212 Fifth Ave. was developed by Madison Equities, Building and Land Technology and Thor Equities.
"At 212 Fifth Ave., we’re getting a person who at one point in their lives lived at 740 Park Ave. People who would have lived at 40 Mercer St.," Madison Equities CEO Robert Gladstone said at a Bisnow event in 2017. "What's occurred in this neighborhood is one of the greatest transformations."
Luxury sales have been sluggish in New York City in recent years, and developers have been cutting deals with buyers and slashing prices. Around 20,000 new apartments for sale and for rent are expected to open by the end of the year, with many of those units at the upper end of the market.
