Former head of Kohl’s takes 50 UN Plaza PH

Jay Baker, and his wife Pat, will move in alongside the U.N. diplomatic missions of the U.S. and U.K. at the building

TRD New York /
Jun.June 20, 2019 08:00 AM
Jay and Patty Baker, 50 United Nations Plaza (inset) and the interior of Penthouse 39 (Credit: Getty Images)

Jay and Patty Baker, 50 United Nations Plaza (inset) and the interior of Penthouse 39 (Credit: Getty Images)

The top floors of 50 United Nations have in recent months been sold to diplomatic missions. Now, they’ll have to make room for a different kind of resident.

Jay Baker, the former head of department store Kohl’s, and his wife Pat have purchased a penthouse in the Turtle Bay building on the 39th floor for $16 million, according to property records filed Wednesday. At that price, the 5,893-square-foot space pencils out to $2,715 a square foot. The unit sold at a steep discount after it was initially listed for $26 million, according to Streeteasy.

The pair now resides a floor above the United Kingdom’s diplomatic mission to the United Nations, which purchased the “penthouse” on the 38th floor in March for $16 million. A floor below is the United States’ own mission to the United Nations, which the government purchased earlier this month for $15.85 million.

Each of those units also sold at a similar discount from their initial listing prices.

The 43-story building was developed by Zeckendorf Development and Global Holdings and is adjacent to the U.N. Secretariat Building. It houses other diplomatic missions, including New Zealand.

For the past 20 years, Baker and his wife have donated millions of dollars to retail and fashion education causes. He previously worked as chief executive and president of Kohl’s from 1986 — when he purchased the retailer with two partners — and oversaw its initial public offering in 1992 before he retired from the company in 1999.

Related Articles

Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

From left: Colgate chairman Ian Cook and 1115 Fifth Avenue and 912 Fifth Avenue (Credit: Cuny, StreetEasy)

He sold enough toothpaste to buy this tony Carnegie Hill pad

Larry Silverstein (Credit: Getty Images, iStock)

Silverstein’s lending biz could get a boost from the weak luxury condo market

Vornado’s Steve Roth and 220 Central Park South (Credit: Getty Images)

Another villa unit at 220 Central Park South sells for $47M

220 Central Park South and Vornado chairman Steven Roth (Credit: Google Maps and Getty Images)

Another $60M condo closes at 220 Central Park South

255 West 11th Street with Liv Tyler and 49 East 67th Street  with Thomas and Ann Unterberg (Credit: Getty Images and Google Maps)

Here’s what sold in NYC’s luxury home market last week

110 Central Park South and Aleksandra Melnichenko (Credit: Google Maps and Getty Images)

Who’s buying what? Here are our top luxe resi sales

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