Wilbur Ross sold his Billionaires’ Row penthouse for a loss

An LLC tied to Sue Ann Arnall paid $15.95M for the 5,573 sf Briarcliff pad
Wilbur Ross and the penthouse at 171 West 57th Street for $18 million from Island Capital Group’s Andrew Farkas in 2007, according to records.

He first tried selling the four-bedroom, five-bathroom home for $21 million in 2015, but slashed the price after failing to attract a buyer.

The buyer paid all cash and Ross himself signed the sales transfer, records show. The sale closed July 31 and was recorded in city records in September.

Interestingly, Arnall reportedly hosted a fundraiser for Hillary Clinton in September 2016, just a week after her ex-husband threw a fundraiser for then-candidate Trump. Arnall made headlines in 2015 when she rejected Hamm’s $975 million divorce check, but eventually deposited it. Hamm was reportedly in the running for U.S. Secretary of Energy, a job that went to former Texas governor Rick Perry.

Ross could not be immediately reached for comment. The listing broker, Carrie Chiang of the Corcoran Group, was not immediately available for comment. A spokesperson for Property Markets Group, which manages the building, declined to comment.

This story has been updated to include a comment from a representative for the Arnall Family Foundation. 

Tags: Billionaires Row, penthouses, price cuts, Residential Real Estate, wilbur ross

Tags: Billionaires Row, penthouses, price cuts, Residential Real Estate, wilbur ross