Estate Of Microsoft Co-Founder Paul Allen Sells 2 Apartments For $101M

Real Estate

The deal on the Higher East Side units at 4 East 66th Street, which were never publicly listed, provided a penthouse and a 2nd apartment on a lower floor, according to information.

Two Manhattan flats earlier owned by the estate of late Microsoft co-founder Paul Allen have marketed for $101 million, The Wall Street Journal documented.

Paul Allen, 2017 | Cromemco / Wikicommons

The deal on the Upper East Side apartments at 4 East 66th Avenue, which have been by no means publicly shown, incorporated a penthouse device and an additional unit on a decreased ground, according to information. The consumer could not be recognized, but records showed the order was built beneath a Delaware constrained liability business.

If viewed as a single transaction, the offer marks one of the priciest of the yr in the U.S. so considerably, and one of the most high-priced in New York City at any time.

The most highly-priced property at any time offered in New York was in 2019 when a device at 220 Central Park South was obtained by hedge fund manager Ken Griffin for $230 million. Still, the transaction marks the most pricey co-op sale to at any time strike New York Metropolis, surpassing a $77.5 million sale in 2015 of an condominium at 834 Fifth Avenue, appraiser Jonathan Miller advised The Journal.

The penthouse was at first ordered by Allen for $25 million in 2011, But it is unclear how substantially he paid for the other device on the lessen ground of the building, which was bought ahead of 2011.

The co-op that the residences are housed in was crafted in 1920 by James E.R. Carpenter, and is “one of New York’s most distinguished white-glove cooperatives,” according to StreetEasy. The creating has just 16 apartment units and has been the house of a selection of effectively-known New York small business folks, like financier Christopher J. Flowers and his spouse Anne W. Flower who just lately invest in an condominium in the building for $43 million. Hedge-funder Daniel Nir and Jill E. Braufman also beforehand occupied the making and bought their fifth-ground apartment in it for $52 million in 2016.

The models at 4 East 66th Road are just the latest of Allen’s to be bought in the wake of his loss of life in 2018 — Eric Schmidt paid $65 million in late 2021 for some undeveloped land in Beverly Hills that experienced been owned by Allen.

Allen’s property portfolio when he died also provided a 4,000-acre residence in Idaho and hundreds of acres in the San Juan Islands.

Electronic mail Lillian Dickerson

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