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

TRD 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

Unrealistic pricing bogs down Miami luxury condo market: TRD Showcase & Forum

Luca Orlandi and Felipe Dutra (Credit: Getty Images and Google Maps)

Designer Luca Orlandi sells UES townhouse for $27M

From left: 2785 Broadway, 521 Bergen Avenue in the Bronx, and 1685 First Avenue (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

The Real Deal takes a look at the calls made to NYC’s 311 hotline over the past year. (Credit: iStock)

What NYC tenants complain about the most by neighborhood

21 East 63rd Street (Credit: Compass)

The Chopard Mansion is on the market for $40M

Vincent Gallo and Trump Tower (Credit: Getty Images, StreetEasy)

Actor Vincent Gallo in contract for Trump Tower condo

Rachel Glazer (Credit: BHS)

BHS’ top Downtown agent jumps to Compass

Elie Hirschfeld and 11 East 68th Street (Credit: Getty Images, Sotheby's, iStock)

Elie Hirschfeld sells UES penthouse for $34M

arrow_forward_ios