Former GE boss Jack Welch buys Fifth Ave. apartment for $19M

Two-bedroom co-op at 834 Fifth Avenue was previously listed for $24M

Jun.June 07, 2018 03:04 PM

Former General Electric CEO Jack Welch and 834 Fifth Avenue (Credit: Getty Images)

The famed businessman bought unit 7B at 834 Fifth Avenue for $18.8 million, according to property records. The unit contains two bedrooms and four bathrooms, and it was previously listed in 2017 for $24 million.

The unit was sold by the estate of philanthropist Ruth Stanton, who was the owner of the home for more than 40 years.

The 82-year-old recently put his four-bedroom home at One Beacon Court on the market for $25.9 million, which spans almost 6,000 square feet.

Related Articles

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone