Bloomberg’s East 79th Street monopoly

Mayor Michael Bloomberg has been quietly expanding his five-story townhouse at 17 East 79th Street, between Fifth and Madison avenues, for the past two decades, and now owns four of the six units in the adjacent property at 19 East 79th Street, a co-op townhouse. Bloomberg knocked down walls to combine two of the floors in the buildings, and the total amount of space is estimated to be about 12,500 square feet. Bloomberg bought the first-floor unit at 19 East 79th Street in 1989 for $550,000, then bought the second floor in 2000 for $1.2 million. Purchase prices for the other two units were not available. Bloomberg also owns two buildings on East 78th Street for his charitable foundation, and owns properties on Park Avenue and in Westchester County, Vail, Bermuda and London.

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