Wynn lands Ritz-Carlton penthouse for $70M

TRD New York /
May.May 15, 2012 08:30 AM

Steve Wynn’s long search for a luxury Manhattan apartment has finally come to a $70 million conclusion. The New York Post reported that the casino mogul is purchasing the penthouse at the Ritz-Carlton being sold by Christopher Jeffries, the founding partner of the Millennium Partners development firm that renovated the 35-story building in 2002 to add condominiums.

The unit, listed with Brown Harris Stevens’ senior vice president, has 10,882 total square feet on the 30th and 31st floor of 50 Central Park South. The top portion of the unit was once home to the St. Mortiz hotel’s grand ballroom, and has 15-foot ceilings, a 900-square-foot living room, a media room, a library, a display room, a 500-square-foot dining room, a kitchen and a breakfast room.

It was listed for $77.5 million with Kyle Blackmon, a vice president at Brown Harris Stevens.

But Wynn negotiated the price down and landed the trophy apartment he’s been searching for since selling his Plaza apartment for $24.4 million in 2010. Previous reports said his $36 million bid for Ted Forstmann’s old apartmentwas rejected by a co-op board. [Post]


Related Articles

arrow_forward_ios
Randall Yanker, Jessica Weitzman, and Javier Lattanzio, with the apartment (Credit: Corcoran/Compass)

Financier offers $100K to broker who brings him a buyer

Financier offers $100K to broker who brings him a buyer
Steve Wynn and the Wynn Las Vegas Resort (Credit: Getty Images)

Disgraced casino mogul Wynn to pay $20M to settle shareholder suit

Disgraced casino mogul Wynn to pay $20M to settle shareholder suit
Steve Wynn and 1960 South Ocean Boulevard (Credit: Sotheby's and Getty Images)

Disgraced casino mogul Steve Wynn drops $43M on Palm Beach estate

Disgraced casino mogul Steve Wynn drops $43M on Palm Beach estate
The penthouse at 50 Central Park South (Credit: Google Maps, Corcoran via Compass, iStock)

The Ritz-Carlton’s Central Park penthouse is back on the market

The Ritz-Carlton’s Central Park penthouse is back on the market
Brokerages sue former owners of Battery Park Ritz-Carlton for unpaid commission

Brokerages sue former owners of Battery Park Ritz-Carlton for unpaid commission

Brokerages sue former owners of Battery Park Ritz-Carlton for unpaid commission
NoMad Ritz-Carlton secures $125M in EB-5 funds — but not from where you’d think

NoMad Ritz-Carlton secures $125M in EB-5 funds — but not from where you’d think

NoMad Ritz-Carlton secures $125M in EB-5 funds — but not from where you’d think
Steve Wynn’s Opportunity Zones meeting with Treasury Department officials raises eyebrows

Steve Wynn’s Opportunity Zones meeting with Treasury Department officials raises eyebrows

Steve Wynn’s Opportunity Zones meeting with Treasury Department officials raises eyebrows
Wynn Resorts to pay $20M fine for ignoring, enabling Steve Wynn’s sexual misconduct

Wynn Resorts to pay $20M fine for ignoring, enabling Steve Wynn’s sexual misconduct

Wynn Resorts to pay $20M fine for ignoring, enabling Steve Wynn’s sexual misconduct
arrow_forward_ios

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

Loading...