Friday, February 24, 2012

NYC Penthouset Sells For A Record $88 million

High end: The penthouse apartment boasts great views of Central Park and its own gallery

It's Official! Russian Billionaire Closes On $88 MILLION Manhattan Penthouse - Bought For His Daughter, 22 -- Daily Mail

* Dmitry Rybolovleva bought Central Park West home for daughter Ekaterina
* He is locked in a bitter divorce and this may help shield his assets
* Previous record for real estate sale in Manhattan was $53million

The family of a Russian billionaire has closed on a New York City penthouse apartment for $88 million.

The penthouse formerly owned by Sanford I. Weill, the former head of Citigroup Inc, was bought by a trust for the daughter of former fertiliser magnate Dmitry Rybolovlev, student Ekaterina.

Most 22-year-olds can't even imagine having a foot on the property ladder - let alone one that costs $88million, but Miss Rybolovleva, a student at an undisclosed U.S. university, will live in the ten-room palace with wrap around terraces when she is in New York.

Read more ....

Update #1: NYC apartment sells for a record $88 million -- CNN
Update #2: New York penthouse sells for $88m -- BBC
Update #3: $88 Million CPW Apartment Now Officially Belongs To Russian Billionaire's Daughter -- Gothamist

My Comment: The Central Park views are to die for.

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