The Real Deal New York

Chase Coleman drops $52M for yet another unit at 4 E. 66th

Full-floor pad at exclusive co-op was listed at $48M

July 14, 2016 09:00AM

4 East 66th Street on the Upper East Side and Chase Coleman (credit: Mike Nudelman/Business Insider)

4 East 66th Street on the Upper East Side and Chase Coleman (credit: Mike Nudelman/Business Insider)

UPDATED: July 14, 4:45 p.m.: Hedge funder Chase Coleman III is expanding his tiger’s den at 4 East 66th Street, the exclusive Upper East Side co-op building where the Tiger Global Management head already owns a pricey pad.

Coleman and his wife Stephanie have just shelled out $52 million for the fifth floor of the tony building, according to the New York Post. The couple previously paid $36.5 million in 2008 for two apartments on the sixth floor that were formerly owned by Veronica Hearst. 

The 15-room apartment was previously owned by Gracie Capital’s Daniel Nir and his wife, Jill Braufman, who bought the unit for $29 million in 2007. They listed it last year for $48 million, or $6,400 per square foot. The latest sale price breaks down to around $6,933 per foot for the spread, which has a private elevator landing, four bedrooms and two wood-burning fireplaces. Douglas Elliman’s Sabrina Saltiel represented the sellers.

A descendant of Peter Stuyvesant, the last Dutch governor of New York, Coleman was a protégé of hedge fund manager Julian Robertston, in 2001 Coleman launched his own firm with $25 million in seed money from his mentor. Today, Tiger Global is a $15 billion firm.

The media-shy mogul, worth an estimated $1.9 billion, according to Forbes, was one of the top 25 highest paid hedge-fund managers in 2014. In 2014, Tiger Global Management bought a 9.4 percent stake in Zillow and a 4.6 percent stake in Trulia. [NYP]E.B. Solomont

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