The Real Deal New York

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
By E.B. Solomont | September 02, 2014 02:00PM

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.