A Tale of Two Sales
We’re only three months into 2012, but the year has already proved rich with real estate surprises. Of note thus far, Dmitry Rybolovlev’s record breaking purchase at 15 Central Park West and Robert Bass’ $42 million fixer-upper.
Although the news broke last year, Manhattan’s most expensive residential deal finally closed in early February. A trust in the name of Russian businessman Dmitry Rybolovlev’s daughter, 22-year-old Ekaterina, purchased Sandy Weill’s former home at 15 Central Park West for $88 million. Mr. Rybolovlev, a Russian fertilizer kingpin, and his daughter had been seen touring the apartment months before the news broke. Ms. Rybolovleva is an avid equestrienne, and competes in shows across the world on her prized jumpers.
Meanwhile, Robert M. Bass was behind a substantial, but significantly smaller sale, in one of New York’s most pedigreed buildings. Read More