Michael Dell, the richest man in Austin and Forbes’ tenth-richest person in the tech industry, paid a whopping $100 million for a duplex penthouse at One57 — a 1,004-foot-tall luxury tower on New York City’s Billionaire’s Row.
The sale set a new record for a single residence in New York City. That’s actually lower than the top asking price when the home was advertised. At one point, the duplex was listed for $115 million.
The Wall Street Journal first reported the news. And don’t worry, Central Texas, Dell still calls West Austin home even though he now owns posh spots in Manhattan, Boston and probably elsewhere.
The deal was inked in 2014 through a limited liability company called P89-90. The ABJ recently chronicled how celebrities often buy homes with vaguely named companies.
There are 130 units in the building. At least 73 of them have sold, according to The New York Post.
It’s little surprise, but the sale has topped the list of priciest homes in Manhattan ever since. The overall median price in Manhattan peaked in early 2014, around the time the purchase was made.
New York hedge funder Bill Ackman, founder of Pershing Square Holdings, is credited with having the second-most expensive apartment in Manhattan, also at One57. A 13,554-square-foot space was purchased by the activist investor and his pals back in 2014, but info on the deal became public March 2015.
Ackman told The New York Times that he’s waiting for someone to approach him with an offer for, what he calls, “the Mona Lisa of apartments.” Reportedly, Ackman thinks he can flip it for $500 million.
One57 also has the most expensive foreclosure condo sale in New York City history.
David Lowy, whose father Frank Lowy founded Westfield Corp., purchased the condominium — a 6,240-square-foot penthouse on the 79th floor — for $36.66 million. On the sell side was Kola Aluko, a Nigerian oil tycoon accused by the U.S. of paying bribes to Nigeria’s former Minister for Petroleum Resources, Diezani Alison-Madueke, who oversaw Nigeria’s state-owned oil company.