The Real Deal New York

Hedge funder pays $31M for UES penthouse

Peruvian billionaire retracted offer of $27.5M last year following row with board over terrace use

September 04, 2014 06:00PM

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From left: 1107 Fifth Avenue, Mark Kingdon and Armin Allen

From left: 1107 Fifth Avenue, Mark Kingdon and Armin Allen

The founder of hedge fund Kingdon Capital has purchased the 10-bedroom penthouse at the storied co-op building at 1107 Fifth Avenue on the Upper East Side.

Mark Kingdon paid $30.9 million for the four-bedroom pad, which was previously home to European aristocrat Monique Uzielli for more than half a century until her death in 2011, the New York Daily News reported. The co-op includes a wraparound terrace, a library and a wood-burning fireplace, according to the newspaper. It was once part of a triplex that belonged to cereal heiress Marjorie Merriweather Post.

A deal to sell the penthouse for $27.5 million fell through last year, when would-be owner and Peruvian billionaire Carlos Rodriguez Pastor balked at the board’s plan to allow other residents to access the roof via the penthouse’s terrace, the Daily News reported.

Armin Allen at Brown Harris Stevens had the listing. [NYDN]Tom DiChristopher

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