Woody Johnson accepts $80M offer on Fifth Avenue co-op

Deal at that price would set record for the most expensive co-op ever sold in NYC
October 10, 2014 02:00PM

New York Jets owner Woody Johnson, who has been quietly shopping around his 834 Fifth Avenue co-op, has reportedly accepted a record-breaking $80 million offer.

Should the deal for the 14-room duplex close for that amount, it would set a new record for the most expensive co-op ever sold in New York City. Currently, that title is held by Israel Englander’s $71.3 million purchase of the French ambassador to the United Nations’ 18-room duplex at 740 Park Avenue in June. Prior to that deal, Egyptian billionaire Nassef Sawiris briefly held the record following his $70 million purchase of the Bronfman penthouse at 960 Fifth Avenue, as The Real Deal reported at the time.

The billionaire, who is also heir to the Johnson & Johnson fortune, listed the 11th- and 12th-floor unit for $75 million earlier this month. The pad boasts five-and-a-half bathrooms and three maids’ rooms, and is located in a 16-story Art Deco building designed by Rosario Candela. Johnson reportedly never actually lived in the apartment, and now resides at One Central Park West. [NYP] and [Curbed]Julie Strickland