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

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

TRD 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.

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