Search Results for: billionaire

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.
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December 15, 2014

EVENT: Here’s Your Chance to Check Out Billionaire Peter Brant’s Converted Con Ed Station

Now's your chance to get a look into one of the city's coolest spaces. EV Grieve tells us that from now through Sunday, the curious yellow brick building located at 421 East 6th Street will open its doors to the public for its first art show featuring Dan Colen. The former Con Ed substation was recently purchased for $27 million by billionaire Peter Brant from the estate of the late Walter de Maria, the famed sculptor who converted the 16,402-square-foot structure into an incredible home and studio back in the '80s. The event is sure to delight, if not for the artist's work (which ARTnews dubs "deeply mediocre"), then at least for the chance to get a first glimpse into the extraordinary space. Nondescript and gritty on the outside, the building’s cavernous interior spaces boast ceilings as high as 32 feet, and plenty of the near-century-old substation's original details remain intact.
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December 4, 2014

Julia Louis-Dreyfus’s Billionaire Businessman Father Sells Central Park West Pad for $7M

By Annie Doge

You likely know plenty about Emmy- and Golden Globe-winning actress Julia Louis-Dreyfus, but did you know her father is a very prominent, very wealthy businessman? William Louis-Dreyfus is the chairman of Louis Dreyfus Energy Services and the great grandson of Léopold Louis-Dreyfus, founder of the Louis Dreyfus Group. He has an estimated net worth of $3.4 billion, and just made an impressive $7.1 million on the sale of his Upper West Side co-op, according to city records released today. Unit 9C at 262 Central Park West is a three-bedroom apartment with ten large picture windows and panoramic views of Central Park. And the sleek interior must have been pretty impressive in person, as the selling price is well over the $6.75 million asking price.
Take a look around the Louis-Dreyfus home

October 24, 2014

Billionaire Real Estate Developer Leonard Stern Sells Soho Penthouse for $15M

By Dana Schulz

Leonard Stern, billionaire businessman and real estate developer and namesake of NYU's Stern School of Business, has sold his "ultimate Soho penthouse" for $14,650,000 according to city records released today. In April 2014, a year after Stern originally listed the apartment, New York Magazine released a video tour of the 4,315-square-foot, four-bedroom duplex, revealing everything from a zen solarium to a restaurant-caliber kitchen. Stern bought the penthouse of 459 West Broadway in 2010 for $14,250,000, but the small profit likely won't affect him too much since his net worth is estimated at $3.8 billion.
Check out the billionaire digs and watch the video tour

August 12, 2014

Billionaire Peter Brant Buys an Incredible Converted Con-Ed Substation for $27M

It's a common saying that money can't buy good taste, but Peter Brant proves that old adage doesn't apply to billionaires. According to city records, the American industrialist and businessman just closed on a former Con-Ed substation located at 421 East 6th Street for $27 million—$2 million above asking. Constructed in 1920 to serve the city's power needs, the building was altered in the 60s and again in the 80s to accommodate a live-work space for a famed sculptor Walter de Maria. Even with more than a century of history behind it, today the structure still keeps many of its original relics and the overall gritty aesthetic of its industrial past. As a lover of art himself, we're curious to know how Brant will go about redesigning the space—if he does. Brant, who also happens to be married to supermodel Stephanie Seymour, is the publisher of both Interview and Art in America magazines and has been previously been called a "Donald Trump with taste" by the New York Times.
learn more about the building here

May 29, 2014

Billionaire Pier Luigi Loro Piana Buys a Glamourous Carnegie Hill Apartment for $11.3 Million

When you've got billions what's $11.3 million spent on some prime NYC real estate? According to city records filed this morning, Italian billionaire (the 1,067th in the world, and the 22nd in Italy) Pier Luigi Loro Piana just purchased a stunning Carnegie Hill co-op at 980 Fifth Avenue through a listing held by Sotheby's. The Italian fashion magnate crossed the billionaire's mark just last July when he and his brother sold an 80% stake in the Loro Piana fashion line to French billionaire Bernard Arnault's LVMH for $2.6 billion. With plenty of closets in this 3BR/3.5BA, including a 100-square-foot dressing room, the Pianas will have lots of room to store some of the luxurious cashmere and wool suits and sweaters that brought their family such great wealth today. The beautiful home also boasts stunning views of Central Park, and the building itself sparked quite a bit of controversy back in 1966 when it was constructed.
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April 17, 2014

Billionaire Philanthropist Jon Stryker Sells His CPW Penthouse for $42 Million

By Jon Dioffa

After nearly six months on the market, Jon Stryker's luxurious Central Park West penthouse has finally found its buyer. The penthouse changed hands this week for $42 million, falling $6 million short of the ask. Stryker originally purchased the historic Prasada triplex for $12.8 million in 2002, and he took to renovating the 5,600-square-foot space shortly after with the help of Shelton, Mindel & Associates (Stryker is a trained architect himself). Over the years, the updated design has garnered plenty of accolades, including a spread in Architectural Digest, and in 2010, it nabbed the coveted AIA award for 'Interior Architecture'.
A look inside the luxurious penthouse here

New look at Fifth Avenue’s tallest residential tower, 262 Fifth Ave

Renderings courtesy of Hayes Davidson

April 2, 2026

New look at Fifth Avenue’s tallest residential tower, 262 Fifth Ave

New renderings of Fifth Avenue's tallest residential building were released this week as sales kick off at the condominium. Developed by Five Points Development and designed by Meganom, 262 Fifth Avenue is a 52-story tower in Nomad with only 26 full-floor and duplex residences. In addition to new images, the developer launched a teaser website for the building and announced a new sales team from Sotheby's International Realty.
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Steve Madden’s former Trump Palace pad lists for $11.5M

Photo credit: Brown Harris Stevens

January 27, 2026

Steve Madden’s former Trump Palace pad lists for $11.5M

By Michelle Cohen

The 47th-floor condo at 200 East 69th Street, with six balconies and six bedrooms, once owned by legendary shoe designer Steve Madden, has 360-degree views of Central Park, both rivers, and the city skyline. And at $11,500,000–the fashion mogul paid $15 million for the apartment in 2013–you could even call it a deal. The Lenox Hill home is a combination of two units within Trump Palace, a 57-story building completed in 1991.
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Distinctive Homes

January 5, 2026

NYC’s 10 best-selling residential buildings of 2025

CityRealty has released its annual report highlighting New York City's best-selling residential buildings of the year. In 2025, Manhattan recorded just over 11,000 signed residential contracts, with the overall average last asking price at $2.32 million and the average price per square foot across all property types at $1,636. Many of the top-selling buildings have been on the market for several years and are nearing sellout. Across New York City, some of the fastest-selling developments include One Domino Square, 255 East 77th Street, and 140 Jane Street, among others, which together accounted for nearly 100 signed contracts in 2025.
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Real Estate Trends

December 19, 2025

Vote for 6sqft’s 2025 Building of the Year!

No matter what the rest of the world looks like, interest in real estate in New York City remains one of the few constants in life. In 2025, the market remained resilient, with long-anticipated projects hitting major milestones, from the sales launch at the Flatiron Building to the reopening of the Waldorf Astoria. Downtown Manhattan dominated this year, with several buildings in the running for record-breaking sales, including the potential first nine-figure deal below 14th Street at 80 Clarkson Street. While the skyline is always evolving, the mark of Robert A.M. Stern, who died this year at 86, is ever-present, with two limestone-clad towers on this year's list that serve as tributes to classic New York. 6sqft has narrowed our picks down to 14 of the most notable residential projects of the year. Which do you think deserves to be crowned the 2025 Building of the Year? Polls for our 11th annual competition will remain open through 5 p.m. on Monday, December 29. A winner will be announced on Tuesday, December 30. Happy voting!
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Famed architect Robert A.M. Stern dies at 86

(L) Credit: RAMSA; (R) 15 Central Park West. Image via WikiCommons

December 1, 2025

Famed architect Robert A.M. Stern dies at 86

Acclaimed architect Robert A.M. Stern, who over his career built one of the world’s most influential architecture firms and left an enduring mark on the New York City skyline, died last Thursday at the age of 86. The Brooklyn-born architect founded Robert A.M. Stern Architects (RAMSA) in 1969 and went on to build a portfolio that ranged from luxury residential buildings like 15 Central Park West to major institutional projects such as the expansion of the New York Historical. Stern served as dean of the Yale School of Architecture from 1998 to 2016. His son Nicholas told the New York Times that the cause of death was a brief pulmonary illness.
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Architecture And Design

Turning cubicles to condos: The pros and cons of office-to-residential conversions in NYC

SoMA at 25 Water Street is the largest office-to-residential conversion in the U.S. to date. Rendering courtesy of Streetsense

November 13, 2025

Turning cubicles to condos: The pros and cons of office-to-residential conversions in NYC

By Dana Schulz

Across New York City’s five boroughs, office space occupies 730 million square feet (600 million of which is in Manhattan), according to CoStar data obtained by New York City Comptroller Brad Lander. This is the most of any North American city; runner-up Los Angeles has only 432 million square feet of office space. So, it’s no wonder that the conversation around post-Covid commercial real estate vacancies is such a hot-button issue, especially considering that Manhattan’s residential vacancy rate is just 1.2 percent.
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World’s highest duplex lists for $128M at Central Park Tower

All photos courtesy of Compass

November 11, 2025

World’s highest duplex lists for $128M at Central Park Tower

Want to live above it all? A duplex apartment on the 127th and 128th floors of Central Park Tower hit the market this week for $128,000,000. Situated 1,300 feet above ground, the palatial Billionaires' Row pad is considered the highest duplex in the world. If the home fetches the asking price, it would become New York City's fifth most expensive sale ever.
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Distinctive Homes

1,600-foot-tall office tower 350 Park Avenue gets unanimous City Council approval

350 Park Avenue © DBOX for Foster + Partners

October 2, 2025

1,600-foot-tall office tower 350 Park Avenue gets unanimous City Council approval

Billionaire Ken Griffin’s proposed 1,600-foot office tower at 350 Park Avenue will be built after the City Council unanimously approved the building last week. The Council voted 48-0 to approve the 62-story supertall building developed by Vornado Realty Trust, Citadel, and Rudin Management and designed by Norman Foster's Foster + Partners. The tower will deliver 1.8 million square feet of office space anchored by Griffin’s Citadel and Citadel Securities, plus a new public concourse. The huge building will rise 200 feet taller than JPMorgan Chase’s headquarters at 270 Park Avenue, also designed by Foster + Partners.
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Photo courtesy of Ingka Investments

October 1, 2025

IKEA to open small-format store in Soho

Soho is getting an IKEA. The Scandinavian furniture retailer purchased a six-story commercial building at 529 Broadway from billionaire Jeff Sutton’s firm, Wharton Properties, for $213 million, according to property records. Ingka Group, which owns most IKEA stores worldwide, plans to open a 25,000-square-foot store on the building’s first and second floors, as The Real Deal first reported, continuing its push for smaller-format locations.
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Real Estate Trends

$8B Citi Field casino proposal moves forward

Credit: SHoP Architects, Field Operations

September 30, 2025

$8B Citi Field casino proposal moves forward

Some good news for New York Mets owner Steve Cohen. The billionaire's vision of a casino complex next to Citi Field is one step closer to becoming reality. On Tuesday, the Community Advisory Committee (CAC) overseeing the bid unanimously approved "Metropolitan Park," advancing the proposal to the final stage: securing one of the state’s coveted downstate gaming licenses. Cohen's bid joins three other CAC-approved proposals: Bally's Bronx casino, MGM Empire City in Yonkers, and Resorts World NYC in Jamaica, Queens.
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Policy

Red brick and terra cotta-clad condo in Greenwich Village launches sales, from $1.4M

Renderings courtesy of MARCH. Model unit photos courtesy of Evan Joseph

September 16, 2025

Red brick and terra cotta-clad condo in Greenwich Village launches sales, from $1.4M

A new boutique residential building has launched sales this week, bringing luxury living to the crossroads of Greenwich Village and Chelsea. Designed by BKSK Architects, The Village West, at 525 Sixth Avenue, rises 14 stories and pays homage to the neighborhood’s architectural heritage with a red-brick facade, terracotta details, oversized windows, and terraces and balconies woven into its design. Prices range from $1.4 million for a one-bedroom to $6.5 million for a four-bedroom.
see it here

September 15, 2025

Louis Vuitton files plans for 25-story Fifth Avenue flagship

Louis Vuitton wants to make its Fifth Avenue flagship even more luxurious. Just in time for New York Fashion Week, LVMH has filed plans with the Department of City Planning (DCP) to construct a 25-story tower at 1 East 57th Street, replacing the existing 20-story building. The proposed project would rise 485 feet and feature a 10-story flagship store, a cafe and terrace with Central Park views, public exhibition space, a luxury spa, a top-floor bar and garden, and other upscale amenities.
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$9.5M Nomad condo has a front-row view of the Flatiron Building

Photo Credit: Coldwell Banker Warburg

August 22, 2025

$9.5M Nomad condo has a front-row view of the Flatiron Building

This Nomad condo has a front-row seat to the Flatiron Building's transformation into a luxury residential building. Asking $9,495,000, the three-bedroom, three-bath apartment at 212 Fifth Avenue has windows that perfectly frame the Beaux-Arts tower, in addition to 3,000 square feet of functional living space. The view will improve even further when the Flatiron Building reopens as a condominium, as the exterior will be illuminated for the first time ever.
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Distinctive Homes

August 11, 2025

$87.5M West Village penthouse enters contract, could be new downtown record

A penthouse in the West Village listed for $87,500,000 has found a buyer, potentially becoming the most expensive apartment ever sold in downtown Manhattan. As first reported by The Real Deal, the duplex apartment at 140 Jane Street, a boutique condominium currently under construction, measures roughly 9,500 square feet and features six bedrooms and seven baths. If the home fetches the asking price, it would be the priciest residential property sold in the area, beating out Jeff Bezos’ $80 million condo buy in 2019.
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Real Estate Trends

Trump signs executive order making it easier for cities to forcibly remove homeless residents

Photo by Robert V. Ruggiero on Unsplash

July 25, 2025

Trump signs executive order making it easier for cities to forcibly remove homeless residents

President Donald Trump on Thursday signed an executive order calling for tougher enforcement on homelessness, including expanded use of involuntary commitment of people living on the streets. The "Ending Crime and Disorder on America's Streets" directive urges cities and states to clear encampments and place people into mental health or addiction treatment programs. It also proposes shifting federal grants away from housing-first initiatives and toward programs that mandate sobriety or treatment, as well as to cities that enforce encampment bans.
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Policy

All photos courtesy of Compass

July 21, 2025

Adam Neumann lists Gramercy penthouse for $22.75M