New York apartment sells for $190 million, Real Estate News, ET RealEstate

NEW YORK (Reuters) – In one of the most expensive sales in New York real estate history, a four-bedroom penthouse apartment overlooking Central Park was bought for $190 million, the Wall Street Journal.

The seller, scandal-ridden American billionaire Daniel Och, bought the apartment just two years ago for half the price at $93 million, according to the Journal.

The 9,800 square foot (900 square meter) apartment, located at 220 Central Park South in the heart of Manhattan, was one of the most expensive sales ever in New York, according to the Journal.

The newspaper says it went to an anonymous buyer.

A different unit in the same skyscraper was purchased in 2019 by US hedge fund manager Ken Griffin for $238 million – the highest amount ever paid for a private home in the United States, according to the newspaper.

Och, 61, has a net worth estimated by Forbes at around $4.1 billion.

He founded New York-based investment firm Och-Ziff Capital Management, which changed its name in September 2019 to Sculptor after a corruption scandal in which Och was directly involved.

The company, which managed $37.5 billion last year, paid $413 million in 2016 to settle charges of bribing officials in the Democratic Republic of Congo, Libya and other African countries.

Och was personally involved in bribery, according to the United States Securities and Exchange Commission, authorizing two corrupt transactions in the Democratic Republic of Congo.

When Och purchased the Central Park penthouse in 2019, he had already changed his state of residence for tax reasons to Florida, but planned to use the New York apartment as his base, the Journal reported.

Osh still owns another luxury apartment around the corner, which he listed for $57.5 million in 2019, according to the Journal, but he deleted the listing five months ago.

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