The Real Deal New York

Safra banking scion wants $65K a month for Fifth Avenue pad

Edmond Safra recently forked out $20M for Ogden Codman Jr. House

July 22, 2016 09:30AM
By Katherine Clarke

817 Fifth Avenue #FL6 in Lenox Hill

817 Fifth Avenue #FL6 in Lenox Hill

Edmond M. Safra, the scion of the ultra-wealthy Safra banking family, and his wife, Marielle, have put their three-bedroom apartment at 817 Fifth Avenue on the rental market for $65,000 a month.

The Safras have owned the 3,450-square-foot, sixth-floor spread since 2005, when they bought it from “Pretty Woman” star Richard Gere.

Listing broker Serena Boardman of Sotheby’s International Realty TRData LogoTINY was not immediately available for comment on why the couple was looking to lease out the apartment, but they’re not without a place to stay.

Edmond, who runs Midtown-based hedge fund EMS Capital and is the nephew of socialite and philanthropist Lily Safra, recently forked over $20 million to buy the 17,000-square-foot Ogden Codman Jr. House at 7 East 96th Street from the Manhattan Country School. The landmarked, five-story townhouse has eight bedrooms, seven bathrooms and nearly 3,200 square feet of outdoor space, TRD previously reported.

The Safras also own a pair of adjacent units at 2 East 67th Street, which they bought for a combined $18 million in 2010.

The Safras aren’t the only big name New Yorkers with units in the exclusive 15-story building at 817 Fifth. Elaine Wynn, co-founder of Mirage Resorts and Wynn Resorts and the ex-wife of casino magnate Steve Wynn, owns a pad upstairs. And Gristedes billionaire and former mayoral candidate John Catsimatidis recently snagged the maisonette for $18 million from Nancy Sale Johnson, ex-wife of New York Jets owner Woody Johnson.

The Safras’ apartment has Central Park views from three rooms and oversized single pane windows, a wood-burning fireplace, a wood-paneled library and a dining room, according to the listing.

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