Ron Baron buys son $11M Park Avenue spread

Twelve-room apartment called ‘a wonderful family residence’

New York /
Sep.September 25, 2012 12:00 PM

Billionaire investor Ron Baron is well known for his expensive taste in real estate; the founder of Barons Funds paid $103 million for a residential property in East Hampton in 2007.

Now Baron appears to have laid down a more modest $11 million for a New York City pad at 1000 Park Avenue, according to public records filed with the city today. The 12th-floor apartment, a five-bedroom, 5.5-bathroom spread, is for his son David, who is starting a family, sources said. Records identify the buyer as the DRB 1998 Trust, whose trustees are named and Ron Baron and his wife, Judy.

The 4,400-square-foot apartment was first listed for sale in November 2011, asking $12.9 million but later dropped its price to $11.5 million in March. It was listed by Jaar-Mel Sloane of Sloane Square. The seller was Robert Cochran, the former CEO of Financial Security Assurance Holdings.

Sloane called the apartment “a wonderful family residence.” The Cochrans were selling, she said, because their children had grown up and moved on to set up their own homes.

The 12-room apartment features a formal dining room, a library and oversized picture windows facing east onto Park Avenue.

Ron Baron reportedly owns other properties in the city and in Vail. He scuffled with his neighbors in 2009 over an 800-foot concrete barrier he erected at his Hamptons home, according to previous reports.

David Baron has worked for his father’s company since 2005 as a research analyst, according to his company profile. He was not immediately available for comment.


Related Articles

arrow_forward_ios
SL Green's Marc Holliday and 245 Park Avenue (Getty Images, SL Green, Google Maps)
SL Green takes over 245 Park Avenue
SL Green takes over 245 Park Avenue
SL Green’s Harrison Sitomer with 245 Park Avenue
Judge confirms HNA must pay $185M to SL Green
Judge confirms HNA must pay $185M to SL Green
SL Green’s Harrison Sitomer with 245 Park Avenue
SL Green gets restraining order against HNA at 245 Park Ave
SL Green gets restraining order against HNA at 245 Park Ave
730 Park Avenue in Manhattan NYC and Edward J. Minskoff Equities chairman Edward Minskoff (Google Maps, EJM Equities)
Edward Minskoff lists Park Avenue co-op
Edward Minskoff lists Park Avenue co-op
250 Park Avenue and IWG CEO Mark Dixon (Google Maps, IWG)
IWG to open 58K sf co-working site on Park Ave
IWG to open 58K sf co-working site on Park Ave
Lacey Tisch nabs Steve Mnuchin’s co-op after one last price chop
Lacey Tisch nabs Steve Mnuchin’s co-op after one last price chop
Lacey Tisch nabs Steve Mnuchin’s co-op after one last price chop
Steven Mnuchin and 740 Park Avenue (Getty, Google Maps)
Steven Mnuchin’s $26M home finally finds a buyer
Steven Mnuchin’s $26M home finally finds a buyer
730 Park Avenue (Google Maps, Wikipedia)
British aristocrats sue to quit Park Ave purchase
British aristocrats sue to quit Park Ave purchase
arrow_forward_ios

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

Loading...