Asian financier looks to take on collection of luxe Manhattan apartments
November 05, 2009 09:20AM
The Park Imperial at West 56th Street, where Lo is currently renting an apartment for $100,000 per month
An Asian financier calling himself "J. Lo" is reportedly looking to buy up luxe apartments in Manhattan's premier buildings with haste. Lo, who is currently renting a $100,000-per-month condo at West 56th Street's Park Imperial, counting neighbors like Daniel Craig, Sean "Diddy" Combs and Deepak Chopra, also recently signed a contract at the Park Laurel on West 63rd Street. He is reported to have paid nearly $28 million for the 7,758-square-foot spot that belonged to Israeli philanthropist Ephraim Gildor. Lo hasn't made an offer yet on the $31 million penthouse he visited at Trump Park Avenue, but he did bid almost $40 million on Broadcast.com founder Todd Wagner's apartment at the Time Warner Center, which, unfortunately for Lo, isn't actually for sale. Wagner bought the 4,800-square-foot penthouse, once famously rented by Jay-Z, from real estate investor Michael Hirtenstein in 2007. Observers have noticed Lo's black Cadillac Escalades idling outside his current rental, where he's had shopping bags from Bergdorf Goodman delivered to his door. [Post, 1st item]
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.
Comments
Anonymous
fake story supplied by a realtor
Comment #1 Posted By: Anonymous 11/05/09
Brilliant
Why buy when you can rent your apartment for $1.2 million a year, this dude's got the smarts!
Comment #2 Posted By: Brilliant 11/05/09
Anonymous
Idling Escalades? Someone should inform Mr. Down Lo or the NYC regulations on idling vehicles...three minutes allowed, soon to be NO IDLING....less pollution. Paying $100K per month? I am sure some of his countrymen who are hungry would love to know about his ostentatious and conspicuous consumption. This person is a fool to spend this excessive amount...no apartment is worth $100K per month. How much does one really NEED? Let us not make celebrities out of these fools!!!
Comment #3 Posted By: Anonymous 11/05/09
opinion jones
This clown needs to get real.
Comment #4 Posted By: opinion jones 11/05/09