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

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

TRD 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

The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, undercover probe finds

Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

40 East 72nd Street and Spiros and Antonia Milonas (Credit: Getty Images, iStock)

“Officially out of money”: Upper East Side condo in disarray

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

Lee Radziwill and her home at 160 East 72nd Street (Credit: Getty Images, Brown Harris Stevens)

Longtime home of Lee Radziwill, sister to Jackie O., sells for $4M

Daily Digest Thursday

Worker killed at Lam Group construction site, Uber signs WTC lease: Daily digest

Developers are offering to pay the increased mansion and transfer taxes to give them an edge in a difficult market. (Credit: iStock)

Amid slow sales, developers give buyers a break on mansion taxes