The Real Deal New York

Walmart heiress rumored buyer of $70M co-op

Billionaire Alice Walton said to be purchaser of Edgar Bronfman penthouse

April 04, 2014 02:20PM

rsz_alice-walton Alice Walton, daughter of Walmart founder Sam Walton and heir to the shopping chain fortune, is rumored to be the secret buyer of a Manhattan co-op that sold for a record-breaking $70 million earlier this week.

Dubbed the “Jewel of Fifth Avenue,” the co-op penthouse at 960 Fifth Avenue is the most expensive New York City co-op ever to go into contract, as previously reported. If Walton is indeed the buyer of the five-bedroom unit, she’ll also pay an addition $19,000 a month in maintenance charges.

The contract agreement came after an intense bidding war between two “wealthy” prospective buyers for the space, formerly owned by the late Seagram Company giant Edgar Bronfman Sr., according to the New York Post.

The Walmart heiress, reportedly the second-richest woman in the U.S., currently resides in Millsap, Texas and is a horse breeder and art collector, according to the Post. The brokerage that handled the deal, Brown Harris Stevens, declined to comment to the paper. [NYP] Angela Hunt

5 Responses to “Walmart heiress rumored buyer of $70M co-op”

  1. April 04, 2014 at 6:10 pm, Jleon85 said:

    $70 mil off the backs of minimum-wage workers. Way to go!

    • April 07, 2014 at 3:14 pm, David Brown said:

      If the Waltons made $100-$150B it because they saved consumers $XX trillion. That is what happens when you sell three pairs of socks for $9 rather than two pairs of socks for $8! As for the minimum wage workers I would point out (a) the independent stores that can’t compete with Walmart pay far less than Walmart and (b) the minimum wage workers always have the option of quiting and going somewhere that pays more. Realistically they don’t have the skills to earn more and regretably taking Barbie Dolls out of packing cases and putting them on shelves is a low value added career.

  2. April 05, 2014 at 12:11 am, Common Sense said:

    such greed is unacceptable – shame on this co-op board if they accept this vile, vile sub-human

comment form

You must be logged in to post a comment.

MENU