Daughter of casino magnate Neil Bluhm buys $20M condo

Deal for 520 Park Ave went into contract Jan. 21 and closed the next day

New York /
Feb.February 02, 2021 01:15 PM
Meredith Bluhm-Wolf and 520 Park Ave. (Getty, 520 Park)

Meredith Bluhm-Wolf and 520 Park Ave. (Getty, 520 Park)

Meredith Bluhm-Wolf, daughter of real estate and casino magnate Neil Bluhm, has purchased a $20 million condo at Zeckendorf Development’s 520 Park Avenue.

Bluhm-Wolf went into contract to buy the sponsor unit on Jan. 21 and closed the next day, property records show.

Measuring 4,628 square feet, the 26th-floor unit has four bedrooms and five bathrooms. Its original offering price was $24.45 million, a document filed with the attorney general’s office shows.

The $20 million sale price means the deal pencils out at $4,321 per square foot.

Neil Bluhm, a Chicago real estate mogul and partner in Midwest Gaming & Entertainment, started out as a lawyer before co-founding Walton Street Capital, a private equity real estate investment firm based in Chicago, in 1994.

He owns several trophy properties across the country, including a townhouse in Palm Beach that he recently bought for $7.4 million.

Meredith Bluhm-Wolf is one of three children the magnate had with his ex-wife, Barbara Bluhm-Kaul.

Bluhm-Wolf, who is based in Chicago, did not respond to a request for comment about the recent purchase. Brown Harris Stevens agent Louis Buckworth, the director of sales at 520 Park Avenue, declined to comment.

Designed by Robert A.M. Stern, the condo has 35 units and a total projected sellout of $1.26 billion. Noteable buyers in the building include billionaire investment banker Ken Moelis and PR executive Ronn Torossian.





    Related Articles

    arrow_forward_ios
    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”
    For 15 years, David Koch lived at the world’s “richest building”
    366 State Street and 37 Sidney Place in Brooklyn (Corcoran, Zillow)
    Passive house asking $15M tops Brooklyn contracts
    Passive house asking $15M tops Brooklyn contracts
    Wall Street bonuses are booming, transforming the luxury market
    Wall Street bonuses are booming, transforming the luxury market
    Wall Street bonuses are booming, transforming the luxury market
    Gregory Abbott and 1020 Fifth Avenue (Christies Real Estate, Getty, Streeteasy, Columbia University, Eden, Janine and Jim via Flickr)
    College admissions scammer unloads $14M apartment
    College admissions scammer unloads $14M apartment
    (iStock)
    New development activity spikes in February — even in Queens
    New development activity spikes in February — even in Queens
    Blade founder and CEO Robert Wiesenthal and SweetGreen co-founder and CEO Nicolas Jammet with 551 West 21st Street and 374 Broome Street (LinkedIn, Wikipedia, Corcoran, Elliman)
    Blade, SweetGreen execs close big condo deals
    Blade, SweetGreen execs close big condo deals
    Julia Koch in front of 740 Park Avenue (Getty Images, LoopNet)
    David Koch’s widow looks to sell 740 Park Ave. duplex
    David Koch’s widow looks to sell 740 Park Ave. duplex
    Agents, developers dismiss headwinds facing new NYC condos
    Agents, developers dismiss headwinds facing new NYC condos
    Agents, developers dismiss headwinds facing new NYC condos
    arrow_forward_ios

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

    Loading...