Russian Billionaire Roman Abramovich Buys Up Three UES Townhouses to Build a Makeshift Mansion

Posted On Mon, January 19, 2015 By

Posted On Mon, January 19, 2015 By In Celebrities, Recent Sales, Upper East Side

While some billionaires are busy eyeing the glass penthouses of the city’s up-and-coming and ultra-luxe towers, others are taking a more DIY approach to realizing their dream home. The latest to join the building-your-own-mansion trend is billionaire Roman Abramovich, who according to the  NY Post has just “secretly” purchased a 9,495-square-foot townhouse at 11 East 75th Street for $29.7 million from developer Larry Gluck. The buy follows Abramovich’s December purchase of another 7,286-square-foot townhouse two doors down for $18.3 million, and word on the street is that he’s in contract for the townhouse wedged right in between.

Abramovich—who went from orphan to steel magnate—is estimated to be worth an whopping $9.5 billion. Last year, he planned to purchase a $75 million co-op in the Berwind mansion—which at that time would have been a record—but was shot down by the wealthy widow who owned the unit. Although the deal fell through, it looks like Abramovich still walked away a winner. The Post reports that his quiet dealings gave way to a pretty good bargain on all three properties.

[Related: Makeshift Mansions: How Today’s Filthy Rich are Creating Homes of Epic Proportions]

[Via NY Post]

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Neighborhoods : Upper East Side




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