L+M Partners CEO Ron Moelis has just purchased a pre-war apartment at 900 Fifth Avenue for $4.699 million, the New York Observer reported. The 2,400-square-foot co-op unit is on the 11th floor of the Lenox Hill building, between 71st and 72nd streets. “The client had searched for a very long time and settled on what I thought was the right apartment for them,” said Reba Miller of RP Miller and Associates, who represented Moelis in the deal.
The unit was originally listed in 2009 for $5.9 million but the price was dropped at various points. “It’s very, very, very French,” said Lauren Arpel of Town Residential, who represented the seller, listed on the deed as Adrianne Newman.
L+M is responsible for recent developments in Brooklyn such as Northside Piers and PS90. [NYO]