The Real Deal New York

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
By E.B. Solomont | June 29, 2017 02:25PM

92 Laight Street and Blackstone Group vice chair Tom Hill (Credit: Getty Images)

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.