Blackstone’s Tom Hill makes a “fashionably laight” bet on Tribeca

Hedgie paid $10.7M for publisher Jason Binn's condo at 92 Laight Street

New York /
Jun.June 29, 2017 02:25 PM

Blackstone Group vice chair Tom Hill — who paid $30.5 million for a Fifth Avenue co-op two years ago — is now betting on Tribeca, where he just scooped up a $10.7 million condominium at 92 Laight Street. According to property records, Hill, under the name “Fashionably Laight Street LLC,” paid $2,431 per square foot for the three-bedroom condo that hit the market asking $10.9 million in February.

The seller was magazine publisher Jason Binn, who founded DuJour magazine and Niche Media.

Measuring 4,400 square feet, the unit is the combination of three apartments that Binn purchased for a combined $5.21 million between 2005 and 2010.  Douglas Elliman’s Oren and Tal Alexander had the listing.

Hill, a Blackstone TRData LogoTINY vice chairman who heads the company’s $73 billion hedge-fund business, paid $30.5 million for the pad at 834 Fifth Avenue in 2015.

Hill’s eponymous art foundation is also opening a 6,400-square-foot art museum to house his $800 million personal collection at the Getty, a boutique condo at 501 West 24th Street designed by designer Peter Marino. The hedge fund exec is also rumored to be eyeing a unit at the $140 million project, developed by Victor Group and embattled developer Michael Shvo.


Related Articles

arrow_forward_ios
(iStock)

Mortgage requests surge ahead of Thanksgiving

Mortgage requests surge ahead of Thanksgiving
Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Photos via Foster + Partners and Getty)

Vanke seeks to remove RFR from Midtown condo project

Vanke seeks to remove RFR from Midtown condo project
Hippo founders Assaf Wand and Eyal Navon (LinkedIn)

Home insurance startup Hippo raises $350M

Home insurance startup Hippo raises $350M
Prices increased 6.6 percent year-over-year in September (iStock)

US home prices surged 6.6% in September

US home prices surged 6.6% in September
From left: Edison Properties CEO Robert Selsam, Ironstate Development's Michael Barry, Stellar Management founder Larry Gluck (LinkedIn; Gluck Family Foundation)

These developers could benefit the most from Soho’s rezoning

These developers could benefit the most from Soho’s rezoning
176 North 6th Street and 16 South Portland Avenue in Brooklyn (StreetEasy; Google Maps)

Brooklyn luxury market surges with nearly $73M in contracts

Brooklyn luxury market surges with nearly $73M in contracts
1045 Madison Avenue and 300 Central Park West (The Benson; Wikipedia Commons)

Manhattan luxury market shows signs of progress with 25 deals

Manhattan luxury market shows signs of progress with 25 deals
TikTok's biggest stars include (from left) Bryce Hall, Griffin Johnson, Addison Rae, Charli D'Amelio and Dixie D’Amelio (Getty)

Firm that manages TikTok party houses goes public

Firm that manages TikTok party houses goes public
arrow_forward_ios

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

Loading...