Oprah sells Midtown East condo to hedge fund manager for $7.9M

New York /
Apr.April 05, 2012 02:27 PM

A penthouse apartment at the Place 57 Condominium On East 57th Street owned by talk show diva Oprah Winfrey has sold to London-based hedge fund partner Mark Hillery and his wife Melissa for $7.9 million, sales person Anjollie Feradov of SKNY Real Estate, who represented the buyer, told The Real Deal today.

Hillery, who works for Brevan Howard, Europe’s largest hedge fund manager, “recognized the value that New York real estate represented compared to other world capitals,” Fedarov said. “[They] were looking for a New York home that they felt was a good representation of the excitement of the city.”

The Hillerys are planning a “high-end” makeover to the 36th-floor unit, which features 2,530 square feet of wall-to-ceiling windows and a 768-square-foot terrace. They are going to “open up some of the spaces and take advantage of the magnificent views,” Fedarov said.

Oprah purchased the penthouse in January 2008 for $7.1 million under the name Sophie’s Penthouse LLC, which reportedly referred to her late cocker spaniel. It is currently vacant. Oprah spends most of her time at her 42-acre estate in Montecito, Calif., according to news reports.

Mark Schoenfeld, senior vice president at the Corcoran Group, had the listing. He declined to comment on the deal.

A spokesperson for Oprah could not immediately be reached for comment.


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Denny Hamlin, Dale Earnhardt Jr., and Ricky Stenhouse with 355 Pelham Lane (Getty, Corcoran HM Properties)
The NASCAR effect: How racers turned Lake Norman into trophy home heaven
The NASCAR effect: How racers turned Lake Norman into trophy home heaven
Michael Ovitz looks to flip Greenwich Village condo for $25M
Michael Ovitz looks to flip Greenwich Village condo for $25M
Michael Ovitz looks to flip Greenwich Village condo for $25M
Taylor Swift and 23 Cornelia Street (Getty, Google Maps)
Taylor Swift’s former Cornelia Street home to rent for $45K
Taylor Swift’s former Cornelia Street home to rent for $45K
FTX's Sam Bankman-Fried and The Albany resort (Getty, Albany Bahamas)
Inside Sam Bankman-Fried’s $300M Bahamian “fiefdom”
Inside Sam Bankman-Fried’s $300M Bahamian “fiefdom”
1350 Ladera Circle with Elvis and Priscilla Presley (Realtor, Getty)
Elvis and Priscilla Presley’s Palm Springs honeymoon getaway sells for $6M
Elvis and Priscilla Presley’s Palm Springs honeymoon getaway sells for $6M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...