Money: Jeff Bezos Is Buying Three NYC Condos Worth a Combined $80 Million - PressFrom - Canada
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MoneyJeff Bezos Is Buying Three NYC Condos Worth a Combined $80 Million

10:20  05 june  2019
10:20  05 june  2019 Source:   msn.com

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Jeff Bezos Is Buying Three NYC Condos Worth a Combined $80 Million© Bloomberg Jeff Bezos, founder and chief executive officer of Amazon.com Inc., laughs during a discussion at the Air Force Association's Air, Space and Cyber Conference in National Harbor, Maryland, U.S., on Wednesday, Sept. 19, 2018.

(Bloomberg) -- Amazon.com Inc. isn’t setting up a new headquarters in New York City, but Jeff Bezos may be.

The tech giant’s chief executive officer is buying three condos at Manhattan’s 212 Fifth Ave. with a total value of about $80 million( C$107.04 million), the Wall Street Journal reported Tuesday. If the three apartments -- a penthouse and two units below it -- were combined, the home would have 12 bedrooms and more than 17,000 square feet (1,600 square meters) of space, the Journal reported.

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Amazon founder Jeff Bezos is reportedly purchasing three New York apartments, including Bezos ' purchase includes a three -floor penthouse apartment with a private elevator and large terraces as Jeff Bezos , who is worth over 0 billion, owns properties in Beverley Hills, Washington, D.C., and

Like the $238 million condo purchase earlier this year by Citadel’s Ken Griffin, the deal isn’t a sign that the city’s luxury market is reviving, according to Donna Olshan, president of brokerage Olshan Realty Inc.

“The only thing it says is that this is what the richest guy in the world wanted to buy today,” said Olshan, who wasn’t involved in the transaction. “If you’re super rich, cultural, interesting and well-traveled, you have to have a place in New York. It’s on the must list.”

Bezos is worth $108.3 billion, according to the Bloomberg Billionaires Index, and became the wealthiest person on the planet about 18 months ago.

Representatives for Amazon and Bezos couldn’t be reached for comment. Brokers from Sotheby’s International Realty who marketed the listings -- Brad Ingalls, Mara Flash Blum and Nikki Field -- also didn’t return calls. Nor did John Burger, the Brown Harris Stevens broker who represented Bezos in the deal, according to the Journal.

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Amazon Chief Executive Jeff Bezos is set to finalize the purchase of three New York apartments Tuesday in a deal valued at around $ 80 million , according to Mr. Bezos is buying a penthouse and two units directly beneath it at 212 Fifth Avenue, located near Madison Square Park, these people said.

Jeff Bezos , founder and CEO of ecommerce giant Amazon, is the wealthiest person alive and the first person in modern history to accumulate a fortune of over 0 billion. Bezos has an estimated net worth of 0 billion, according to Bloomberg, largely from his holdings in Amazon.

The 24-story tower, near Madison Square Park, was constructed in 1912 as a manufacturing building and redeveloped as condos in 2016. StreetEasy shows the penthouse under contract with an asking price of $58 million, and units 21A and 21B at $18.2 million and $11.3 million, respectively.

Amazon announced last year that it would locate one of two planned headquarters campuses in the Queens neighborhood of Long Island City, but backed out of that deal in February in the face of backlash from local politicians and community leaders.

Bezos’s condo purchase, in a tech-heavy neighborhood, could be a sign that Amazon is committing to a larger presence in New York, even without an official headquarters, according to Olshan.

“Maybe he’s going to go more Manhattan-centric,” she said. “He has to. He isn’t going to sit there and let Google continue to buy property and swallow up all the top talent” in the area.

(Updates with comments from broker starting in third paragraph.)

--With assistance from Spencer Soper.

To contact the reporter on this story: Oshrat Carmiel in New York at [email protected]

To contact the editors responsible for this story: Debarati Roy at [email protected], Christine Maurus, Rob Urban

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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