The Real Deal New York

Len Blavatnik closes on Woody Johnson’s co-op for record $77.5M

Price was previously reported to be $80M

March 26, 2015 03:25PM

From left: Len Blavatnik, 834 Fifth Avenue and Woody Johnson

From left: Len Blavatnik, 834 Fifth Avenue and Woody Johnson

Billionaire Len Blavatnik has officially closed on his record-breaking purchase of New York Jets owner Woody Johnson’s co-op in 834 Fifth Avenue, and while the sale remains a record, the price was just $77.5 million, rather than the $80 million previously reported.

The preceding record was set by Israel Englander, with his purchase of a co-op duplex in 740 Park Avenue for $71.3 million. Since 2005, the record for priciest New York co-op has been set nine times.

Blavatnik’s purchase was approved by the co-op board at 834 Fifth Avenue in January after the sale was reported in October.

Blavatnik, a Ukranian-born oil tycoon who is worth an estimated $18.3 billion, owns an impressive property of New York real estate, including Edgar Bronfman’s former townhouse at 15 East 64th Street, which he purchased for $51 million in 2007. [6sqft] — Tess Hofmann 

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