The Real Deal New York

NYC property investor wins Super Bowl bet — again

February 04, 2014 02:20PM

When Jona Rechnitz isn’t leading his Manhattan-based real estate investment firm JSR Capital, he’s placing bets on Super Bowl plays — and winning big.

The future developer of a residential tower at 238 Madison Avenue won $25,000 on a $500 bet predicting that the first scoring play of this year’s Super Bowl game would be a Seattle safety, according to TMZ. He’s giving it all away to charity, just like he did in 2012 when he won $50,000 for making the same exact bet on the Giants.

The money will go to the Simon Wisenthal Center, chosen because it promotes tolerance, and to the Stewart J. Rahr Foundation, which supports medical research, because Rahr “changes the lives of millions of people everyday,” Rechnitz told TMZ. [TMZ]Angela Hunt