The Real Deal New York

Hearst’s UES co-ops sell for $36.5M

July 22, 2008 12:38PM
By Adam Pincus

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A young venture capitalist paid $36.5 million Veronica Hearst’s two units in an Upper East Side cooperative facing Central Park.

Charles Coleman III, the founder and managing member of New York investment firm Tiger Global Management, closed on the six-bedroom, 7,200-square foot apartment at 4 East 66th Street and Fifth Avenue this month, according to property records posted today. The unit has six-plus bathrooms and four fireplaces.

The sale, which was expected, by the widow of publisher Randolph Hearst also included an 800-square-foot apartment.

Coleman, who is in his early 30s, declined to comment.

The sale allowed Hearst to pay off the $23.5 million she owed on her 28,000-square-foot oceanfront mansion in Manalapan, Fla.

After Randolph Hearst’s death in 2000, Veronica Hearst was left with mortgages totaling $45 million.

The deal was first reported by Cityfile.com.

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