This billionaire finance exec snagged a unit in this white glove UES co-op

Thomas Peterffy paid $22M for the 810 Fifth Ave pad

New York /
Feb.February 04, 2019 02:30 PM

Thomas Peterffy with 810 Fifth Avenue (Credit: Wikipedia and cryptoking’s)

Billionaire Thomas Peterffy, head of the world’s largest electronic brokerage, just bought a $22 million unit at 810 Fifth Avenue.

Peterffy and Lynne Wheat bought an 11th floor co-op in the building, according to records filed with the city’s Department of Finance. The unit was listed for $24 million, and the seller was the estate of art collector Jan Cowles.

Brown Harris Stevens’ John Burger and Siim Hanja and Stribling’s Linda Maloney had the listing.

The 11th floor apartment has four bedrooms and 50 feet of frontage on Central Park. The living room includes large wall space for displaying art — and the home includes an eat-in kitchen with a butler’s pantry.

The sales comes as the UES co-op market has faced headwinds amid the slowdown. Swelling inventory and highly amenitized condo projects have left buyers awash in options. At the same time, financing restrictions and board approvals have made co-ops a less appealing option for some.

Peterffy is the founder and CEO of Interactive Brokers Group, an electronic platform that processes equities, futures and foreign exchange trades. With an estimated net worth of $16 billion, Peterffy ranks 59th on Bloomberg’s Billionaires Index. Peterffy owns his stake in the firm through IBG Holdings, which controls about 82 percent of the company. A spokesperson for Peterffy didn’t immediately respond to a request for comment.

Built in 1926, 810 Fifth Ave was designed by architect J.E.R. Carpenter. The 13-story pre-war building has only one apartment per floor and doesn’t allow financing for purchases. Its former residents include Nelson Rockefeller, William Randolph Hearst and Richard Nixon before he headed to the White House.


Related Articles

arrow_forward_ios
Deconstruct Podcast
Now streaming: TRD’s podcast on Zillow’s iBuying collapse
Now streaming: TRD’s podcast on Zillow’s iBuying collapse
Making money moves: Cardi B buying up real estate
Making money moves: Cardi B buying up real estate
Making money moves: Cardi B buying up real estate
Chinese President Xi Jinping (Getty)
Chinese regulators ease some real estate controls
Chinese regulators ease some real estate controls
48 East 81st Street
5 enviable abodes on the Upper East Side
5 enviable abodes on the Upper East Side
(iStock)
Rents in New York and South Florida metros surged more than 30%, led nationwide rise
Rents in New York and South Florida metros surged more than 30%, led nationwide rise
Children’s Magical Garden at at 157 Norfolk Street (Google Maps, Facebook)
Children’s Magical Garden claps back against developer who claimed defamation
Children’s Magical Garden claps back against developer who claimed defamation
City Council greenlights Gowanus, Blood Center rezonings
City Council greenlights Gowanus, Blood Center rezonings
City Council greenlights Gowanus, Blood Center rezonings
432 Park pad trades for $26M, supertall’s priciest deal since 2019
432 Park pad trades for $26M, supertall’s priciest deal since 2019
432 Park pad trades for $26M, supertall’s priciest deal since 2019
arrow_forward_ios

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

Loading...