BlackRock CEO sells UES co-op for $12M

The buyer is Alexander Acquavella, the son of gallerist William Acquavella

TRD New York /
Jun.June 11, 2018 04:03 PM

Alexander Acquavella, Larry Fink and 21 East 79th Street (Credit: Getty)

BlackRock CEO Larry Fink sold his apartment at 21 East 79th Street to an art gallery heir for $12 million, according to city records recorded on Monday.

Fink, who heads the world’s largest asset manager, has been looking to sell the co-op pad for over a year. The three-bedroom, three-and-a-half bathroom unit was first listed in April of 2017 with an asking price of $17.9 million. That figure was eventually cut to $15 million a month later. The apartment went into contract with a last asking price of $13.5 million. Brown Harris Stevens‘ John Burger had the listing.

The buyer is Alexander Acquavella, the son of influential art dealer and gallerist William Aquavella; and his wife, former Vogue editor Mollie Ruprecht.

The apartment was renovated with designs from architect John Murray. It contains a study, a separate staff area and two wood-burning fireplaces.

Acquavella’s new home is located within a 15-story prewar building built in 1930. The property, designed by Van Wart & Wein, contains 12 apartments. Deals are rare in the building. The last time that an apartment changed hands was in 2014, when the tenth floor unit sold for $11.9 million.

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