Stanley Druckenmiller pays $53M for 834 Fifth Avenue co-op
September 18, 2019 - New York
The largest unit in one of Fifth Avenue’s most prestigious co-ops just sold for less than half of its original $120 million asking price.
Susan Gutfreund, the widow of banker John Gutfreund, has sold the duplex they shared at 834 Fifth Ave. for $53 million, according to a transfer tax filed with the city Tuesday.
When the 12,000-square-foot spread first hit the market in 2016, it was the most expensive home for sale in New York City.
The buyer, who got a massive discount, is identified by the Wall Street Journal as billionaire trader Stanley Druckenmiller, formerly an investment strategist for George Soros.
The roughly 12,000-square-foot duplex has more than 20 rooms, with views of Central Park. It has a dramatic entrance gallery with 24-foot ceilings, a grand marble staircase, a corner sitting room, a dining room, seven bedrooms and a 50-foot long living room with two fireplaces, according to the listing.
Source : New York Post
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