The Real Deal New York

UFC billionaire is mystery buyer of $70M penthouse at 520 Park Avenue

Unit is among condo tower's priciest
August 17, 2017 08:30AM

Rendering of 520 Park Avenue and Frank Fertita (Credit: University of Southern California)

UPDATED: Aug. 17 at 11:51 a.m.: Turns out billionaire Frank Fertitta, former owner of the Ultimate Fighting Championship mixed martial arts company, is the buyer of a $70 million penthouse at Zeckendorf Development’s 520 Park Avenue.

Fertitta, who sold UFC for $4 billion last year, bought a six-bedroom duplex at the condo tower, the New York Post reported. The unit spans 9,138 square feet and has 279 square feet of outdoor space overlooking Central Park.

In June, the Wall Street Journal reported that two of the tower’s most expensive units — with asking prices of roughly $73 million and $83 million— were under contract. At the time, the buyers of the condos were unknown. The buyer of the $83 million apartment, also a six-bedroom duplex, is still not yet clear.

The 34-unit building is designed by Robert A.M. Stern and has a projected sellout of $1.25 billion. The building has a $130 million penthouse that would be one of the most expensive apartment sales in New York City’s history if it sells at that price. The title of most expensive sale is likely to go to an in-contract condo unit at Vornado Realty Trust’s 220 Central Park South, which had an asking price of $250 million. [NYP]Kathryn Brenzel 

Correction: A prior version of this article misstated the name of Vornado’s condo project.