Published On: Wed, Jan 29th, 2014

Marc Lasry Pays $33 Million For a Duplex Penthouse on Manhattan’s Central Park West

Lasry, who at one time was being mooted to be  the next  US Ambassador to France,  has instead put down some major roots- and  in the middle of Central Park.

Marc Lasry / Getty

Marc Lasry / Getty

 

Marc Lasry,  co-founder and CEO of  the Avenue Capital Group has reportedly paid out the considerable sum of $33 million to acquire a luxurious twelve room,  two story penthouse  apartment on 55 Central Park West.

The 5, 000-square-foot four-bedroom duplex penthouse, occupies the 19th and 20th floors of the prestigious property overlooking the park.

The Lasrys bought the property from Steven Gottlieb, a well known entrepreneur in  the music industry, paying $5 million less than the original asking price, which was set in 2008, before the property collapse.

Gottlieb isn’t liable to be too disappointed, having paid $8.6 million for the property in 1999, when he bought it from fashion designer Calvin Klein.  During the time that it was in his hands, Steven  Gottlieb  reportedly spent more than $5 million on improvements.

55 Central Park West,  built in 1930 in the  Art Deco style, sits  between 65th and 66th Streets in the very heart of Manhattan.

55-central-park-west - Marc Lasry

Marc Lasry, who emigrated to the U.S. with his family from Morocco when he was just seven years old, began his career in debt management, diversifying into distressed securities when he founded company debt brokerage Amroc Investments in 1989 in partnership with his sister Sonia Gardner.

In 1995 the brother and sister pairing established the Avenue Capital Group with a working capital of just seven million dollars, succeeded in growing the hedge fund to such a level that it now handles more than $20 billion in assets.

the-glass-enclosed-apartment-offers-grand-views-of-central-park-and-the-new-york-city-skyline

 

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