Howard Lutnick bought the Pierre penthouse for $80M under ask

The triplex was initially listed for $125M

TRD New York /
Aug.August 03, 2017 09:30 AM

The Pierre Hotel and Howard Lutnick (Credit: Getty Images)

It looks like BGC Partners head honcho Howard Lutnick is the mystery buyer behind of the massive triplex at the Pierre Hotel.

As The Real Deal first reported Tuesday, a buyer paid $44 million through an LLC to acquire the 12,000-square-foot penthouse at 795 Fifth Avenue. According to the New York Post, it was Lutnick and his wife Allison who bought the co-op from Barbara Zweig, the widow of financier Martin Zweig. She had previously listed the 16-room penthouse for $125 million — making it one of the city’s most expensive listings at the time.

Zweig cut the price several times over the last couple of years. When the unit failed to sell in 2015 for $63 million, she took it off the market and had the apartment redesigned. She put the triplex back on the market in April 2016 with an asking price of $57 million.

BGC Partners, which acquired Newmark Knight Frank in 2011, is gearing up to spin off the brokerage and bring it public by the end of the year. Newmark ranked 18th on TRD‘s list of the top investment sales firms.  [NYP] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
Compass SoCal boss Nick Segal steps down

Compass SoCal boss Nick Segal steps down

Democratic State Sen. James Skoufis (Credit: NY Senate)

Real estate agents facing subpoenas after failing to appear at hearing

From left: 1 West End Avenue, 161 West 13th Street and 66 Ninth Avenue (Credit: StreetEasy and Wikipedia)

Porter House penthouse among NYC’s 5 priciest homes to hit the market last week

15 East 90th Street (Credit: Google Maps)

Lonely townhouse finds a match after years on market

From left: renderings of 1 Propect Park West, 85 Jay Street and 98 Front Street in Brooklyn (Credit: StreetEasy)

The priciest Brooklyn condo filings of 2019

60 East 93rd Street and Carlton Hobbs (Credit: Google Maps and Getty Images)

Why a $68M townhouse listing was abruptly pulled off the market

Zillow President Jeremy Wacksman

Zillow launches its high-stakes home-flipping business in LA

From left: the Ritz-Carlton, 32 East 1st Street, 560 West 24th Street, 301 East 80th Street and 32 West 85th Street

Five priciest homes new to market include 1897 townhouse

arrow_forward_ios
Loading...