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New York City is a small place and, for the mega-rich who occupy a special corner of it is truly a very small world. New Yorkers love their apartments, much like they do in Tel Aviv, and for many of the same reasons. They also love to gossip about who buys and sells their homes as people shuffle their way around the island. Rich people often have little else to do apart from making more money…
There is even an excellent real estate news site that tracks the movements of the rich and famous in New York when they trade their apartments to each other, Called The Real Deal (you can find it at: www.therealdeal.com).
So when a rich man sells one of his homes there it is news and Leonid Nevzlin, a former executive at the now-defunct Yukos oil company in Russia, has put his 10th floor residence at the former Stanhope Hotel on the market for $15 million, according to the Real Deal. The Stanhope is one of the best addresses on Fifth Avenue you can find.
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Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
At one point one of the world’s billionaires, Nevzlin bought the property for almost $13.1 million in April 2008, records show, but he is still hoping to clear a profit even in today’s quiet real estate markets.
Nevzlin made Aliyah to Israel later in 2008 and is today an Israeli citizen. Later that year, Russian authorities found Nevzlin guilty in absentia of organizing the murders of five people in connection with Yukos’ plans for expansion within Russia. Israeli authorities declined to extradite him for his alleged crimes and Nevzlin says they were all trumped up charges reflecting what happens to those who end up falling out with Vladimir Putin.
Nevzlin has invested in many philanthropic causes since coming to Israel and he also owns 20 percent of the shares in Israel’s oldest newspaper, Haaretz – which some might claim is another philanthropic exercise given its propensity for continuing business losses.
His home at 995 Fifth Avenue, has over 4, 000 square feet and it comes with four bedrooms, five bathrooms and five half-bathrooms. It offers direct views of the Metropolitan Museum of Art and Central Park, has a formal dining room and an office and media room. Audio, video, lighting, heat and electricity at the property can all be controlled from a touchpad automated system, according to the real estate listing. Not sure if that is an iPad though. Go bid for it if it suits you…
The Stanhope building was designed by Rosario Candela, and was converted from a hotel into 139 condominiums by Extell Development and has served as home to heavy hitters from many different industries, including another person who became bogged down in the middle of a scandal: Jerry del Missier, the former Barclays Bank executive who found himself caught up in the LIBOR rigging debacle which cost his bank a fine of more than $450 million paid to settle charges last year, listed his piéd à terre there for sale for $12.5 million in January.
Other notable residents include Daphne Guinness, the beer heiress, who sold her home there for $11.3 million earlier this year, and late Lazard head and New York magazine owner Bruce Wasserstein, whose wife Claude put up their home there for sale in 2010.
