Roman Abramovich aims to build mega-mansion on UES

The oligarch is in the process of buying up most of a city block

TRD New York /
Jan.January 19, 2015 08:00 AM

Russian billionaire Roman Abramovich is buying up a large piece of an entire city block to build one of New York’s largest mansions.

Abramovich — who also owns English soccer team Chelsea F.C. and has been estimated to be worth $9.3 billion — bought 11 East 75th Street for $29.7 million in October from Stellar Management’s Larry Gluck, according to the New York Post. In December, the billionaire bought the property two doors down, the newspaper reported, at 15 East 75th Street for $18.3 million. Both homes are narrow townhouses. The property that is wedged in between, 13 East 75th Street, is currently in contract to be sold to a Russian buyer.

Last year, Abramovich’s planned purchase of a $75 million co-op — which at that time would have been a record — was declined by the wealthy widow who owned the unit in the Berwind mansion at 828 Fifth Avenue. [NYP]Claire Moses

Related Articles

40 East 72nd Street and Spiros and Antonia Milonas (Credit: Getty Images, iStock)

“Officially out of money”: Upper East Side condo in disarray

Lee Radziwill and her home at 160 East 72nd Street (Credit: Getty Images, Brown Harris Stevens)

Longtime home of Lee Radziwill, sister to Jackie O., sells for $4M

128 East 73rd Street (Credit: StreetEasy)

“Exceptionally wide” townhouse sells at exceptional discount

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

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

Elie Hirschfeld sells UES penthouse for $34M