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
The Lord & Taylor building at at 424-434 Fifth Avenue and Amazon CEO Jeff Bezos (Credit: Google Maps, Getty Images)

Amazon mulls buy of WeWork’s Lord & Taylor building

It’s a good time to be an industrial broker. Just ask them. (Credit: iStock)

Why all the kids suddenly want to become industrial brokers

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

A photo illustration of Michael Gianaris and Jeff Bezos (Credit: Getty Images, Wikipedia, iStock)

Gianaris wants to reform NYC tax credit programs that drew Amazon

(Illustration by Neil Webb)

One year later, Amazon Effect still felt in LIC, citywide

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

arrow_forward_ios
Loading...