Robby Browne is addicted to buying houses

Corcoran agent has bought 22 investment properties over the years, including pads at 15 CPW and 25 CPW

From left: 15 Central Park West, 25 Central Park West and Robby Browne
From left: 15 Central Park West, 25 Central Park West and Robby Browne

Corcoran Group agent Robby Browne has brokered hundreds of sales during his 30-year career. And 22 of those deals were for his own homes.

Browne, who owns apartments at 15 Central Park West and 25 Central Park West, is among a group of home buyers dubbed “house addicts,” according to the Wall Street Journal. The actor and economist Ben Stein, who owns multiple homes in California and Washington, D.C., is another.

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Browne owns at least three pads on Central Park West — split between 25 CPW and 15 CPW. The Corcoran Group [TRDataCustom] agent also has an apartment in the West Village that’s on the market for $5.35 million. (The Journal noted, however, that he’s also in contract on a $6.5 million pad in the neighborhood.) Last year, Browne paid $1.5 million to build a house in Bridgehampton. 

Browne said of the 22 properties he’s bought and sold, he’s almost always made money on his own deals. In 2008, Browne purchased a $2.7 million apartment at 15 CPW that’s now worth multiples of that amount. He makes at least $18,000 a month renting out one of his apartments, though it’s unclear which one.

Ultra wealthy individuals with at least $30 million in assets own an average of 2.9 properties, according to research firm Wealth-X and Sotheby’s International Realty. In the U.S., a 2013 survey found that just under 40 percent of respondents in the highest income bracket own at least one second-home. [WSJ] — E.B. Solomont