Julie and Billy Macklowe upsize at
1001 Fifth Ave

Couple paid $4.5M to expand sprawling co-op

New York /
Dec.December 26, 2018 05:00 PM

Julie and Billy Macklowe (Credit: Getty Images)

Developer Billy Macklowe and his wife, Julie, are expanding their digs at 1001 Fifth Avenue.

The Macklowes just dropped $4.5 million for a 19th floor unit at the tony co-op building where they’ve lived since 2004, according to documents filed with the city. Records show the seller was Brazilian banker Aloysio de Andrade Faria. The three-bedroom was listed for $4.75 million with listing agents Harry Nasser and Olivia Hoge of Sotheby’s International Realty.

The Macklowes owned several units on the 20th and 21st floors at 1001 Fifth, located at East 82nd Street across from the Metropolitan Museum of Art. They purchased their original apartment (a combo unit on the 20th floor) for $6.8 million, records show. In 2014, they spent $5.3 million for a unit one floor down. The couple, who declined to comment, also owns a home in Sagaponack.

Billy Macklowe is the founder and CEO of William Macklowe Company, which he started in June 2010 after splitting from his father Harry’s firm, Macklowe Properties.

The younger Macklowe’s portfolio now includes 156 William Street and 21 East 12th Street, the former Bowlmor Lanes site he converted to condos.

Earlier this month, Macklowe and Principal Real Estate Investors inked a contract to sell 311 West 43rd Street to a California real estate investment firm for $130 million. They purchased the 186,000-square-foot Midtown tower for $107 million in 2015.


Related Articles

arrow_forward_ios
More and more homebuyers and investors are coming to the negotiating table with cash in hand. (iStock)
In cities, “starter homes” getting more difficult to find
In cities, “starter homes” getting more difficult to find
A photo illustration of city developers and preservationists arm wrestling (iStock)
Preservationists and developers duel upstate. Wanna guess who’s winning?
Preservationists and developers duel upstate. Wanna guess who’s winning?
John Steinbeck and his Sag Harbor cottage. (Getty)
John Steinbeck’s Sag Harbor home could become retreat for writers
John Steinbeck’s Sag Harbor home could become retreat for writers
Doctor Tom Frist with 1304 Chickering Road (Eagledj CC BY-SA 4.0 via Wikimedia Commons, Redfin, iStock)
Nashville mansion asks $50M, highest in Tennessee history
Nashville mansion asks $50M, highest in Tennessee history
Sylvan Terrace in Washington Heights. (Douglas Elliman Real Estate)
Two chances to live on Sylvan Terrace, one of NYC’s coolest blocks
Two chances to live on Sylvan Terrace, one of NYC’s coolest blocks
(iStock, Illustration by Kevin Cifuentes for The Real Deal)
Goldman Sachs-backed funds pay $45M for Florida community
Goldman Sachs-backed funds pay $45M for Florida community
Reed and Delphine Krakoff; 54 East 64th Street (Sotheby's International Realty, Getty Images, Illustration by Kevin Cifuentes for The Real Deal)
Tiffany designer puts townhouse on discount rack (only $42M)
Tiffany designer puts townhouse on discount rack (only $42M)
From left: Robert "Bobby" Balogh, Cara Balogh and 111 West 57th Street (Balogh Jewelers, SHoP Architects, iStock)
Baloghs find their crown jewel at Billionaires’ Row supertall
Baloghs find their crown jewel at Billionaires’ Row supertall
arrow_forward_ios

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

Loading...