Bill, Melinda Gates buy daughter a $5M pad at 1212 Fifth

The unit was last asking $5.25M

New York /
May.May 31, 2018 10:02 AM

1212 Fifth Ave, Bill and Melinda Gates (Credit: Wikipedia)

Bill and Melinda Gates bought a condominium unit in East Harlem for $5 million. But it’s not for them.

The deal for the unit at 1212 Fifth Avenue closed in December 2017, the New York Post reported. The condo, purchased for their daughter Jennifer, was last asking $5.25 million.

The purchase went through a trust administered by Watermark Estate Management Services LLC, which Bill Gates uses for personal and family matters, according to the newspaper. The listing brokers were Brown Harris Stevens’ Wendy Sarasohn, Jamie Joseph and Tania Isacoff.

The apartment’s sellers were David Zornow and Martha Malkin Zornow, the Post said. David is global head of litigation at Skadden, Arps, Slate, Meagher & Flom — and Martha is the founding principal of Girls Prep Bronx Middle School.

The three-bedroom condo spans 2,389 square feet with views of Central Park. The building was constructed in 1925 and designed by architects George and Edward Blum. It was gut-renovated in 2012.

Earlier this year, the Gateses bought a $16 million farm in North Salem. Reports said it was also for their daughter, who’s an equestrian. [NYP] — Meenal Vamburkar

 

Related Articles

arrow_forward_ios
Hedge fund manager Robert Citrone (Getty)
This “Tiger Cub” hedge funder owns nearly 10% of Compass
This “Tiger Cub” hedge funder owns nearly 10% of Compass
Zynga founder Mark Pincus, Hippo founders Assaf Wand and Eyal Navon, and LinkedIn co-founder Reid Hoffman (Getty, LinkedIn)
Hippo strikes $5B SPAC deal with LinkedIn, Zynga founders
Hippo strikes $5B SPAC deal with LinkedIn, Zynga founders
Opendoor CEO Eric Wu (Opendoor, iStock/Illustration by Alexis Manrodt for The Real Deal)
Opendoor revenue plunged 45% in 2020
Opendoor revenue plunged 45% in 2020
CoStar CEO Andy Florance
CoStar retreats from failed CoreLogic bid
CoStar retreats from failed CoreLogic bid
Jimmy Fallon and Nanvy Juvonen with their penthouse at 34 Gramercy Park East (Photos via Getty/Sotheby's Jeremy V. Stein and Debbie Korb)
Jimmy Fallon lists Gramercy Park penthouse for $15M
Jimmy Fallon lists Gramercy Park penthouse for $15M
In 2018, a Brookings Institution study found homes in majority-Black neighborhoods were undervalued by $48,000 on average. (iStock)
Appraisal Institute taking steps to root out racial bias
Appraisal Institute taking steps to root out racial bias
Jennifer Kalish was Elliman's top individual broker, while Holly Parker led the top team in Manhattan. (Douglas Elliman)
Here are Elliman and Corcoran Sunshine’s top producers of 2020
Here are Elliman and Corcoran Sunshine’s top producers of 2020
Chris Jiashu Xu and Long Island City's Skyline Tower. (Skyline Tower)
Closings underway at Queens’ tallest building
Closings underway at Queens’ tallest building
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...