Warner Music boss scores big with $35M Fifth Avenue PH sale

Cooper sells 1136 Fifth for $5M above ask -- and $15M more than he paid it for

New York /
Sep.September 02, 2014 02:00 PM

Warner Music Group CEO Stephen Cooper netted a $15 million profit on the sale of His Fifth Avenue penthouse, according to public records.

Cooper sold the duplex apartment at 1136 Fifth Avenue for $35 million. The sale, which hit public records on Sunday, was $5 million above his asking price of $30 million. Cooper bought the property in 2004 for $20 million.

The buyer was Anton Levy, a managing director at private investment firm General Atlantic, where he has overseen the firm’s investments in tech companies like Alibaba and Facebook.

The apartment doubled as the fictional home of “Gossip Girl” protagonist Blair Waldorf, and although the show wasn’t filmed there, the building’s exterior appeared in the credits of the show for several years.

Anne Young, a broker at Brown Harris Stevens, had the listing and put the apartment under contract in August. The apartment has four bedrooms, a wraparound terrace, a gym and media room.


Related Articles

arrow_forward_ios
Rachel Glazer (Credit: BHS)
BHS’ top Downtown agent jumps to Compass
BHS’ top Downtown agent jumps to Compass
BHS’ chief of tech, communications out amid internal shakeup
BHS’ chief of tech, communications out amid internal shakeup
BHS’ chief of tech, communications out amid internal shakeup
Bess Freedman and Robert Reffkin (Credit: Studio Scrivo)
“Unequivocally not selling:” BHS accuses rival of stoking sale rumors
“Unequivocally not selling:” BHS accuses rival of stoking sale rumors
Brokerages take different approaches to social media ads
To automate or customize? Brokerages split on social media ad formulas
To automate or customize? Brokerages split on social media ad formulas
790 Madison Avenue, Thor Equities CEO Joe Sitt and Bert Dweck (Google Maps, Thor and Premier Equities)
Fashion house: After 2 years and 2 lawsuits, Sitt and Dweck still haven’t paid
Fashion house: After 2 years and 2 lawsuits, Sitt and Dweck still haven’t paid
95 Conant Valley Road, Pound Ridge (Zillow)
Pound Ridge home sells for more than twice its ask after bidding frenzy
Pound Ridge home sells for more than twice its ask after bidding frenzy
211 Central Park West (City Realty, iStock)
Two units in star-studded Beresford hit market for combined sale
Two units in star-studded Beresford hit market for combined sale
Gary Barnett along with renderings of 1637 First Avenue (Extell Development, iStock)
Extell lands $125M loan for UES resi project
Extell lands $125M loan for UES resi project
arrow_forward_ios

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

Loading...