Joe Tsai’s firm revealed as buyer of $190M penthouse at 220 Central Park South

January 24, 2022

Via Vornado Realty Trust and Robert A.M. Stern Architects

Earlier this month it was reported billionaire Daniel Och sold his penthouse at 220 Central Park South for $190 million, roughly double what he paid for the home in 2019. While the identity of the buyer was unknown at the time, city records first reported last week by Bloomberg show Blue Pool Capital, the firm that manages some fortunes of Alibaba co-founders Joe Tsai and Jack Ma, paid $188 million for the property.

According to Bloomberg, registry documents show Blue Pool took out a $71.5 million 30-year mortgage through JPMorgan Chase. The purchase includes a high-floor penthouse and a staff room on the lower level.

In 2019, Och, the founder of hedge fund Och-Ziff Capital Management, paid nearly $93 million for Penthouse 73, a four-bedroom that measures roughly 9,800 square feet, as city records show, and another $2 million for a one-bedroom unit on the 19th floor.

Tsai seems to like the Central Park South tower. Last summer, the billionaire and part-owner of the Brooklyn Nets bought two units at the Robert A.M. Stern building for $157.5 million. The deal included an $82.5 million unit on the 60th floor and a $75 million unit on the 61st floor.

At the time, the sale was the second biggest ever recorded in New York City. Tsai’s most recent purchase now claims the title for the second priciest sale in the city, with the number-one spot still Ken Griffin’s $238 million penthouse purchase in 2019, also the most expensive home ever sold in the United States.

With his latest investment, Tsai now owns $345 million worth of real estate at 220 Central Park South.



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