Daniel Och sells his Central Park penthouse for $190million

Billionaire hedge fund boss Daniel Och sells his Central Park penthouse for $190million just two years after buying it for $95million

  • Daniel Och, the founder, chairman and former CEO of global hedge-fund Och-Ziff Capital Management Group, purchased a penthouse condo at 220 Central Park South in 2019 ...에 대한 $95 백만
  • He had also purchased a smaller studio apartment on a lower floor of the building
  • The purchase went through after he relocated to Florida for tax purposes and he had planned to use the property as a pied-a-terre in Manhattan
  • Och has now sold the property for $190 million amid a wealthy real estate surge in the city
  • It is unclear who has purchased the four-bedroom, five bathroom condo
  • Daniel Och, the founder, chairman and former CEO of global hedge-fund Och-Ziff Capital Management Group, has sold his penthouse condominium at 220 Central Park South for $190 백만. He is pictured here in 2018

    Daniel Och, the founder, chairman and former CEO of global hedge-fund Och-Ziff Capital Management Group, has sold his penthouse condominium at 220 Central Park South for $190 백만. He is pictured here in 2018

    A billionaire hedge fund owner has sold his penthouse condominium overlooking Central Park for $190 백만 – double what he purchased it for just two years ago.

    Daniel Och, the founder, chairman and former CEO of global hedge fund Och-Ziff Capital Management Group, purchased the four-bedroom condo at 220 Central Park South on Manhattan’s infamous Billionaire’s Row in 2019 ...에 대한 $95 백만. 당시, it was the third priciest apartment ever sold in the Big Apple.

    Och had also purchased a smaller studio apartment on a lower floor of the building and had planned to keep the pricey pad as a pied-a-terre, 그만큼 월 스트리트 저널 신고, using it on occasion when he returned to New York from Floridawhere he relocated for tax purposes.

    It remains unclear whether the smaller apartment at 220 Central Park South is included in the sale, but Och still owns another penthouse apartment at nearby 15 Central Park West, which he listed for $57.5 백만 2019. It was taken off the market about five months ago, according to the Journal.

    Och is worth an estimated $4.7 십억, 에 따르면 Bloomberg.

    He initially made his fortune after founding Och-Ziff Capital Management, but stepped away in 2019 and has since focused on his family office Willoughby Capital, which invests in tech companies.

    It remains unclear who is purchasing the condo at 220 Central Park South, whose wealthy residents include the musician Sting and Albert Behler, CEO of Paramount Group.

    Renderings of the condominium on the 73rd and 74th floor feature floor to ceiling windows

    Renderings of the condominium on the 73rd and 74th floor feature floor to ceiling windows

    The penthouse features four bedrooms, five full baths and two half baths

    The penthouse features four bedrooms, five full baths and two half baths

    Och had bought the property in 2019 after moving to Florida and had hoped to use it as a pied-a-terre

    Och had bought the property in 2019 after moving to Florida and had hoped to use it as a pied-a-terre

    The deal comes amid a wealthy New York real estate boom powered by low borrowing costs and soaring markets for everything from stocks to commodities to crypto.

    에 2021, 적어도 40 residential properties sold for more than $50 백만, according to data compiled by appraiser Miller Samuel, an approximately 35 percent increase over 2020, as the collective fortunes of the world’s 500 richest people rose by more than $1 일조.

    New York featured heavily on the list of pricey properties, Bloomberg보고, with Joseph Tsai, co-founder of e-commerce giant Alibaba and the owner of the Brooklyn Nets, paying $157.5 million for a duplex at 220 Central Park South.

    The building has set multiple real estate records and still holds the record for the most expensive home ever sold in the United States, which was set back in 2019 when another hedge fund owner, 켄 그리핀, paid about $238 million for an apartment there.

    A parking space at the residential building has also sold for $750,000.

    The large limestone building at 220 Central Park South has set multiple real estate records, and still holds the record for the most expensive home ever sold in the United States

    The large limestone building at 220 Central Park South has set multiple real estate records, and still holds the record for the most expensive home ever sold in the United States

    A parking space at the large residential building has sold for $750,000

    A parking space at the large residential building has sold for $750,000

    다시 2019 when another hedge fund owner Ken Griffin paid about $238 million for an apartment there

    The massive building at 220 Central Park South has an 18-story villa and a 79-story tower.

    It was designed by Robert AM Stern Architects, with interior apartments designed by Thierry W. Despont.

    Och’s former 9,800-square-foot condominium on the 73rd and 74th floors of the large limestone building featured four bedrooms, five full baths and two half bathrooms, along with a 796-square-foot terrace, 그만큼 뉴욕 타임즈 신고.

    Renderings from the condominium feature large floor-to-ceiling windows, offering plenty of sunlight and views of the expansive Central Park down below.

    The building also features an athletic club, a basketball court, a golf simulator and a children’s play area, as well as a library, private dining rooms and a juice bar.

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