The Real Deal New York

The Circle of Life: Lenox Hill co-op passes from one hedge funder to another

Marc Lasry sold the apartment to William Reeves
By Decca Muldowney | January 15, 2019 07:30AM

812 5th Avenue and Marc Lasry (Credit: CityRealty and Getty Images)

UPDATED, Tuesday, Jan. 15 at 9:58 a.m.: The keys are changing hands, but the owners are still hedge funders.

Marc Lasry, the billionaire co-founder of investment firm Avenue Capital Management, just sold his $9.5 million on a one-bedroom, two-bathroom apartment at 812 Fifth Avenue. Lasry is a co-owner of the NBA’s Milwaukee Bucks.

The apartment, which overlooks Central Park, was bought by William Reeves, co-founder of hedge fund BlueCrest Capital Management. Reeves and his wife are the backers of Unbound Philanthropy, a private foundation that supports migrant and refugee rights. Right-wing website Breitbart dubbed Reeves “the George Soros of Hawaii,” for his support of migrant causes.

The 4,200-square-foot unit, designed by French architect Joseph Dirand, includes 2,000 square feet of terrace space. The Modlin Group had the listing.

Ralph Nakash, who outbid Eric Trump for the $41 million Versace Mansion in Miami, also owns an apartment in the building. He bought the unit from real estate titan Morton Olshan for $6.9 million in 2012.

Correction: An earlier version of this story had Lasry as the buyer, not the seller. He sold the unit to Reeves.