Published On: Sun, Jan 18th, 2015

Roman Abramovich Buys Up NYC Block for his Mansion

11 E 75th St

Roman Abramovich is not letting the perilous Russian economy get him down and is finding solace in New York City, where he is purchasing most of a block to build a huge mansion, as reported to the New York Post. A representative of a  mysterious Russian rich man offered the owners a nice sum of money for their townhouses, but the Post reports that if they had known it was Abramovich, who is worth $9.3 billion, they might have held out for a lot more.

The steel tycoon bought an 11 E 75th St. property for $29.7 million in October. The property was 9, 495 feet. In December, he purchased a 7, 386 square foot house two doors down at 15 E. 75th st. for $18.3 million. The property that lies between at 13th E 75th Street is currently being negotiated with the owners, the Fife family. It was purchased in 2000 for $7.4 million, but could be worth $20 million.

Abramovich was going to pay $75 million for large space in the Berwind Mansion at 828 Fifth Avenue, but the owner was asking for more. Perhaps it was because she knew that Abramovich was the one who was making the offer.

Abramovich is still among Russia’s richest, but like most of the oligarchs, he has seen his fortunes tumble a bit as the ruble took a nose dive. In December, he lost $450 million, but Russia’s richest man, Alisher Usmanov lost $800 million.


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