Willis Group CEO sells co-op at 995 Fifth for $35M

Head of global risk advisory firm sold unit for $3M over asking price

New York /
Mar.March 14, 2018 01:19 PM

Joseph Plumeri and 995 Fifth Avenue

Joseph Plumeri, CEO of the global risk advisory firm the Willis Group, has sold his co-op unit at 995 Fifth Avenue for $35 million, according to property records filed with the city Wednesday.

Plumeri listed the 8,360-square-foot unit at the old Stanhope Hotel for $32 million in 2013, meaning it sold for $3 million more than its asking price. The CEO bought the eight-bedroom home on the 15th floor in 2010 for $20.5 million but sued Extell Development soon after, claiming the developer had not disclosed $3 million worth of defects before his purchase.

The unit sold to 995 Pent LLC, which lists attorney Fred Samuel as its point of contact. Samuel declined to comment on the identity of the buyer.

Units 11S and 11N at 995 Fifth recently went under contract and will be combined into a home spanning 8,500 square feet, while Claude Wasserstein — third wife of the late financier Bruce Wasserstein — listed her penthouse at the building for $65 million, a massive increase from the $34.8 million she paid for it in 2008. It is unclear if her unit is still on the market.


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...