Wynn lands Ritz-Carlton penthouse for $70M

Steve Wynn’s long search for a luxury Manhattan apartment has finally come to a $70 million conclusion. The New York Post reported that the casino mogul is purchasing the penthouse at the Ritz-Carlton being sold by Christopher Jeffries, the founding partner of the Millennium Partners development firm that renovated the 35-story building in 2002 to add condominiums.

The unit, listed with Brown Harris Stevens’ senior vice president, has 10,882 total square feet on the 30th and 31st floor of 50 Central Park South. The top portion of the unit was once home to the St. Mortiz hotel’s grand ballroom, and has 15-foot ceilings, a 900-square-foot living room, a media room, a library, a display room, a 500-square-foot dining room, a kitchen and a breakfast room.

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It was listed for $77.5 million with Kyle Blackmon, a vice president at Brown Harris Stevens.

But Wynn negotiated the price down and landed the trophy apartment he’s been searching for since selling his Plaza apartment for $24.4 million in 2010. Previous reports said his $36 million bid for Ted Forstmann’s old apartmentwas rejected by a co-op board. [Post]