Home News Paul Allen’s Estate Sells Two New York Apartments for $101 Million

Paul Allen’s Estate Sells Two New York Apartments for $101 Million

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Co-founder Paul Allen sold two apartments on the Upper East Side of Manhattan for $ 101 million, according to real estate records filed Tuesday.

Records show that the sale includes a penthouse apartment and a second unit on the lower floors of the building. The identity of the purchaser who purchased under a Delaware limited liability company could not be immediately identified.

Paul Allen, 2014.


Photo:

Kevin Winter / Getty Images

Allen, when considered as one property, records show that it is one of the most expensive properties ever sold in New York City. New York housing records were set in 2019 for the sale of 220 Central Park South apartments to hedge fund manager Kengrifin for $ 238 million, with most of the city’s sales of over $ 100 million. There is none. According to appraiser Jonathan Miller, the deal is New York’s most expensive co-op sale in history, surpassing $ 77.5 million in the sale of an apartment on 834 Fifth Avenue, a historical record set in 2015. ..

According to the listing website, the property was not open to the public at the time of sale.

Records show that Allen bought a Penthouse unit for $ 25 million in 2011. It was not clear how much he paid for other units he had previously purchased. A representative of a company that owns some of Mr. Allen’s real estate assets did not immediately respond to a request for comment.

According to the list website StreetEasy, the building is located on 4 East 66th Street and is one of the most popular homes on Lenox Hill in Manhattan. According to the site, it was built by James ER Carpenter in 1920 and has only 16 apartments.

According to the list website StreetEasy, the building is located on 4 East 66th Street and is one of the most popular homes on Lenox Hill in Manhattan.


Photo:

Mindy Katzman / The Wall Street Journal

This building is home to the city’s most prominent businessmen. Records show that Financier J. Christopher Flowers and his wife Ann W. Flowers recently purchased the unit there for $ 43 million. In 2016, hedge funds Daniel Nil and Jill E. Braufman sold a unit on the fifth floor of the building for $ 52 million.

Allen An avid collector of trophy real estate. According to The Wall Street Journal, when he died, he left 4,000 acres of Idaho’s hideout and hundreds of acres of land on the San Juan Islands peninsula.

This property is the latest to be sold by Mr. Allen’s real estate after his death in 2018. Former Google CEO Eric Schmidt recently paid $ 65 million for Allen’s undeveloped and valuable land in Beverly Hills.

Write in Catherine Clark [email protected]

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