Hedge-funder pays $24M for co-op in building favored by billionaires

Phillippe Laffont buys apartment at 834 Fifth, home to Rupert Murdoch, Charles Schwab

TRD New York /
Oct.October 26, 2012 01:30 PM

Billionaires, like birds of a feather, tend to stick together.

Finance bigwig Phillippe Laffont, founder of tech-focused multibillion-dollar hedge fund Coatue, has purchased a three-bedroom apartment at 834 Fifth Avenue, a Rosario Candela-designed building best known for its billionaire contingent.

Laffont paid $24 million for the 15-room spread, $1 million more than its most recent asking price of $23 million, according to public records filed today with the city. The spread was originally listed in October 2011 for $27.5 million with Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens. It underwent several price cuts, first to $25 million in February and then to $23 million in May.

The deal for the duplex residence closed October 12, public records show. The seller was the estate of late concrete mogul Walter Goldstein. The former CEO of Underhill Industries died in 2008.

The building is also home to News Corporation Chairman and CEO Rupert Murdoch, banking giant Charles Schwab and real estate developer and philanthropist Alfred Taubman. Billionaire Robert Bass purchased an apartment there for $34 million last year.

The Brown Harris Stevens sales team was not immediately available for comment. It was not clear who represented Laffont.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Jay Kriegel (Credit: Kent Presents)

Jay Kriegel, Related senior adviser and ex-mayoral chief of staff, dies

Halstead Holiday Party 2019

Inside Halstead’s festive re-creation of Studio 54

Catsimatidis scores approval for $300M tower in Florida

Catsimatidis scores approval for $300M tower in Florida

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires 17% of staff

The Tel Aviv Stock Exchange (Credit: Getty Images)

All Year’s Israeli bonds tumble on $41M loss

arrow_forward_ios