The Real Deal New York

Blackstone’s real-life Gordon Gekko nabs $30M Fifth Ave. pad

James Tomilson Hill bought 834 Fifth co-op from estate of Carroll Petrie

December 29, 2015 11:26AM
By Katherine Clarke

James Tomlinson Hill, Carroll Petrie and the 834 Fifth Avenue apartment

James Tomilson Hill, Carroll Petrie and the 834 Fifth Avenue apartment

James Tomilson Hill, the Blackstone Group vice chairman who heads the company’s $68 billion hedge-fund business, has nabbed a $30 million co-op at 834 Fifth Avenue.

Hillwho is credited with inspiring the slicked back look of Gordon Gekko in the movie “Wall Street,” made it past the building’s  notoriously persnickety board, which has reportedly turned down the likes of Bruce Wasserstein and Ron Perelman.

The sale closed Dec. 17, according to property records filed with the city Tuesday.

Hill’s personal net worth was recently pegged at over $1 billion, thanks to his 17.4 million shares in Blackstone, valued at well over $500 million, and his personal art collection, which includes valuable pieces by Francis Bacon and Andy Warhol.

The seller of the property was the estate of the late socialite and philanthropist Carroll Petrie, who had lived at the building for several decades until her death in February. Her husband, the retail mogul Milton Petrie, died in 1994.

The two-bedroom, four-bathroom apartment was listed exclusively by Serena Boardman of Sotheby’s International Realty for $30 million. Boardman did not respond to a request for comment.

The pad has 11.5-foot ceilings, hardwood floors, a wood-burning fireplace, views of Central Park and a staff wing. A separate maid’s room, wine vault, storage bin and laundry room were also included in the sale.

Hill will join a long list of high-profile New Yorkers to who’ve lived in the building, including New York Jets owner Woody Johnson, who sold an $80 million co-op there last year. Laurance Rockefeller, Laurie Tisch and Rupert Murdoch have also lived in the building.

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