Amazon’s Jeff Bezos pays $80M at 212 Fifth

The building's penthouse was last priced at $58M

TRD New York /
Jun.June 04, 2019 01:28 PM
Amazon CEO Jeff Bezos and 212 Fifth Avenue (Credit: Getty Images)

Amazon CEO Jeff Bezos and 212 Fifth Avenue (Credit: Getty Images)

Amazon may have scrapped plans for a campus in New York City, but CEO Jeff Bezos is still very, very bullish on Manhattan.

The e-commerce chief is paying nearly $80 million for a three-unit spread at 212 Fifth Avenue, sources told the Wall Street Journal, in the priciest deal to date below 42nd Street.

Bezos’ purchase reportedly includes the building’s top penthouse — once asking $74 million. The unit was last priced at $58 million, following several price cuts. The two units a floor below sold for $28.45 million to an entity called Madison Square Park LLC, records show. But the exact price of the total deal wasn’t clear because the penthouse purchase hasn’t hit records yet.

If combined into a single-family home, it will span 17,000 square feet with 12 bedrooms.

A spokesperson for Bezos — reportedly worth $106 billion — did not comment on the purchase. Bezos, who is divorcing longtime wife MacKenzie Bezos, purchased a sprawling pad at 25 Central Park West in the 1990s.

At 212 Fifth, Brown Harris Stevens’ John Burger represented Bezos. Sotheby’s International Realty’s Nikki Field represented developers Madison Equities, Building and Land Technology and Thor Equities. [WSJ] – E.B. Solomont

Read this next: 

Lightstone CEO calls Amazon’s pullout the “worst day for NYC since 9-11”

Long Island City insists it has a future, even without Amazon


Related Articles

arrow_forward_ios
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
Home sale price declines are expected for July, after a recent bump, according to a CoreLogic report. (iStock)

Home sale prices got a bump, but a drop is coming: Report

Home sale prices got a bump, but a drop is coming: Report
(Images courtesy of Victor Group)

The Getty condo chops prices up to 53%

The Getty condo chops prices up to 53%
442 Union Street and 257 Berry Street (Google Maps)

Brooklyn’s luxury market reaches new pandemic high

Brooklyn’s luxury market reaches new pandemic high
Marwan Kheireddine (inset), Jennifer Lawrence and 400 East 67th Street (Getty, Compass, BDL Accelerate)

Jennifer Lawrence’s Upper East Side PH sold at 37% loss

Jennifer Lawrence’s Upper East Side PH sold at 37% loss
Senate Minority Leader Chuck Schumer and Senate Majority Leader Mitch McConnell (Schumer by Tasos Katopodis/Getty Images; McConnell by Ting Shen/Xinhua via Getty)

Schumer v. McConnell on SALT: Who’s gonna give?

Schumer v. McConnell on SALT: Who’s gonna give?
111 Leroy Street and 817 Fifth Avenue (StreetEasy, Google Maps)

Luxury deals plummet in Manhattan — again

Luxury deals plummet in Manhattan — again
arrow_forward_ios

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

Loading...