Julie and Billy Macklowe upsize at
1001 Fifth Ave

Couple paid $4.5M to expand sprawling co-op

TRD 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
Manhattan resi listings continue nosedive: report

Manhattan resi listings continue nosedive: report

252 East 57th Street and 196 Orchard Street with Samantha Sheeber and Tal Alexander

Closing in the time of Covid-19: “We’re pulling out all the stops”

Kuwait’s consul general in New York, Hamad Al-Hazeem and 50 United Nations Plaza (Credit: Google Maps)

Kuwait’s consul general buys 50 UN Plaza pad for $16M

Web searches for terms including “homes for sale” are way down up north. (Credit: Pixabay)

Fewer Canadians are searching for homes online amid pandemic

Massive stimulus package has limited upside for real estate

Massive stimulus package has limited upside for real estate

About 450 sellers pulled their listings last week (Credit: iStock)

As New York shut down, so did its resi market

Is REBNY and StreetEasy’s decision a much-needed reprieve or data manipulation? (Credit: Pixabay)

Decision by StreetEasy, REBNY to stop market clock triggers debate

The Atelier at 635 W. 42nd Street and 70 Charles Street (Credit: Google Maps)

One of NYC’s priciest listings to appear on the market last week is already in contract

arrow_forward_ios
Loading...