Jeff Bezos Drops $80M On Trio Of Fifth Avenue Condos

Amazon CEO Jeff Bezos
Photo credit: Bisnow/Jon Banister
Amazon Ceo Jeff Bezos

Jeff Bezos is reportedly spending around $80M on three condominiums on Fifth Avenue, in what would be the second-priciest residential deal in the city this year.

Amazon's founder and CEO, who scrapped a plan to build a massive new headquarters in Queens earlier this year, bought the penthouse and two other units at 212 Fifth Ave., The Wall Street Journal reports.

If combined, the three homes would total 17K SF and feature 12 bedrooms. It is the second-most-expensive home sale in the city in 2019 — after Ken Griffin’s $238M purchase at 220 Central Park South — and the most expensive sale ever south of 42nd Street.

The two units sold for $28.5M, according to records the Journal cited. The penthouse sale is not yet in public records, but was most recently listed for $58M. The 48-unit building at 212 Fifth Ave. was developed by Madison Equities, Building and Land Technology and Thor Equities.

"At 212 Fifth Ave., we’re getting a person who at one point in their lives lived at 740 Park Ave. People who would have lived at 40 Mercer St.," Madison Equities CEO Robert Gladstone said at a Bisnow event in 2017. "What's occurred in this neighborhood is one of the greatest transformations."

Luxury sales have been sluggish in New York City in recent years, and developers have been cutting deals with buyers and slashing prices. Around 20,000 new apartments for sale and for rent are expected to open by the end of the year, with many of those units at the upper end of the market.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner