Walmart heiress rumored buyer of $70M co-op

Billionaire Alice Walton said to be purchaser of Edgar Bronfman penthouse

New York /
Apr.April 04, 2014 02:20 PM

Alice Walton, daughter of Walmart founder Sam Walton and heir to the shopping chain fortune, is rumored to be the secret buyer of a Manhattan co-op that sold for a record-breaking $70 million earlier this week.

Dubbed the “Jewel of Fifth Avenue,” the co-op penthouse at 960 Fifth Avenue is the most expensive New York City co-op ever to go into contract, as previously reported. If Walton is indeed the buyer of the five-bedroom unit, she’ll also pay an addition $19,000 a month in maintenance charges.

The contract agreement came after an intense bidding war between two “wealthy” prospective buyers for the space, formerly owned by the late Seagram Company giant Edgar Bronfman Sr., according to the New York Post.

The Walmart heiress, reportedly the second-richest woman in the U.S., currently resides in Millsap, Texas and is a horse breeder and art collector, according to the Post. The brokerage that handled the deal, Brown Harris Stevens, declined to comment to the paper. [NYP] Angela Hunt


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