Bill Ackman in Deal to Buy New York Penthouse for $90 Million: Report
A group led by hedge-fund manager Bill Ackman is in contract to buy a new Manhattan penthouse apartment for more than $90 million, according to a report by Dow Jones.
That appears to set a record for a residence in the city, topping the $88 million Russian billionaire Dmitry Ryboloblev paid for the penthouse owned by Sandy Weill, the former Citigroup chief.
Dow Jones said, however, that Ackman won't be moving into the 11,000-square-foot apartment on the 89th and 90th floors of One57, a new luxury apartment building under construction by Extell Development.
The 90-story tower, a short distance from Carnegie Hall, overlooks Central Park. The developers bill it as an "iconic transformation of the New York skyline."
During Hurricane Sandy last October, a crane on the building's top floor was knocked loose and dangled high above the street for days, closing several blocks to traffic and prompting some evacuations.