Bronfman transfers Park Avenue penthouse to wife

Edgar Bronfman with wife Clarissa and the apartment at 812 Park Avenue

Edgar Bronfman Jr., the former chairman of Warner Music Group, has transferred sole control of his triplex penthouse at 812 Park Avenue to his wife Clarissa Bronfman, with whom he bought the home in May for $16 million, the New York Observer reported.

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The transfer of ownership may be for tax reasons, the Observer speculated, as it was not a monetary transaction. Bronfman ruled out any possibility that there may be a divorce on the horizon. “I love my wife,” he said via a spokesperson.

The 6,500-square-foot co-op had been on the market since November 2007 when Bronfman purchased it for a cool $15.9 million. The original asking price was $36.5 million. [NYO]