Former GE boss Jack Welch buys Fifth Ave. apartment for $19M

Two-bedroom co-op at 834 Fifth Avenue was previously listed for $24M

Former General Electric CEO Jack Welch and 834 Fifth Avenue (Credit: Getty Images)
Former General Electric CEO Jack Welch and 834 Fifth Avenue (Credit: Getty Images)

The famed businessman bought unit 7B at 834 Fifth Avenue for $18.8 million, according to property records. The unit contains two bedrooms and four bathrooms, and it was previously listed in 2017 for $24 million.

The unit was sold by the estate of philanthropist Ruth Stanton, who was the owner of the home for more than 40 years.

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The 82-year-old recently put his four-bedroom home at One Beacon Court on the market for $25.9 million, which spans almost 6,000 square feet.