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Home ‘Vertical’ Dream Home

Jeff Bezos Drops $16 Million on Another Manhattan Pad to Create a ‘Vertical’ Dream Home

by 2newswire
September 10, 2020
in ‘Vertical’ Dream Home, Business, Jeff Bezos
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Jeff Bezos is expanding his residential holdings in Manhattan, purchasing another apartment for $16.13 million at a 24-story boutique condominium, located across from Madison Square Park in the Flatiron neighborhood, where he already owns all the units on the top four floors.

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“Tutti Frutti” brings in a booty. Sotheby’s sold a 1930s-era “Tutti Frutti” bracelet by Cartier in an online auction earlier this week for US$1.34 million—the highest price achieved during an online auction for any jewel at any auction house. Featuring colored sapphires, emeralds, and rubies carved with leaves and flowers in addition to “old European” and single-cut diamonds, and accented with black onyx and black enamel, the seven-inch bracelet is a classic example of a popular Art Deco style made famous by Cartier, the French jewelry house. “There’s just this hunger for something great, and there are very few places that can provide that right now,” says Catharine Becket, Sotheby’s New York head of its “magnificent jewels” auctions. The piece originally was to be featured in Sotheby’s April live auction of magnificent jewels with an estimated price range between US$600,000 and US$800,000, the same level Sotheby’s offered the piece for online.

A post shared by Penta (@inspiredbypenta) on May 4, 2020 at 8:24am PDT

The Amazon chief, via a Delaware-registered limited liability company, bought the apartment at 212 Fifth Avenue condominium on Feb. 25. The deal closed on April 7, according to the deed filed with the city Thursday.

The deal was negotiated off the market. The seller, whose identity is shielded by a limited liability entity, purchased the unit for $11.25 million in April 2018, property records show.

The apartment is one of the only two on the 20th floor and lies right below Mr. Bezos’s three-story, 10,079-square-foot penthouse and two apartments on the 21th floor, which he bought for a combined $80 million in May 2019 via the same LLC, property records show.

Mr. Bezos, 56, who is the world’s richest person with a net worth of $142 billion, according to Forbes’s real-time estimate, didn’t immediately respond to a request for comment sent through Amazon.

Encompassing 3,078 square feet, the unit has three bedrooms, three-and-a-half bathrooms, a loft-like dining and living space, and numerous gallery walls. Throughout, the home features oversized windows, high coffered ceilings, marble walls and countertops, and radiant-heated Thassos stone floors, according to a previous listing.

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