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
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    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”
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    Extell president Gary Barnett, 510 East 14th Street and RXR Realty CEO Scott Rechler (Getty, EVGB)
    Extell sells stake in Manhattan rentals to RXR Realty
    Extell sells stake in Manhattan rentals to RXR Realty
    A two floor unit in The Benson on Madison Ave was the priciest home to go into contract last week. (The Benson)
    Best week since 2019 for Manhattan luxury market
    Best week since 2019 for Manhattan luxury market
    (iStock/Photo Illustration by Kevin Rebong for The Real Deal)
    Signed contracts spike in Manhattan and Brooklyn in January
    Signed contracts spike in Manhattan and Brooklyn in January
    991 5th Avenue (Photos via Gryffindor/Wikipedia Commons and the American Irish Historical Society)
    Historic UES mansion hits market for $52M
    Historic UES mansion hits market for $52M
    37 East 12th Street and 262 Central Park West (Google Maps, iStock)
    Luxury report: Patience pays off for buyer of $20M penthouse
    Luxury report: Patience pays off for buyer of $20M penthouse
    arrow_forward_ios

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

    Loading...