Friday, July 13, 2012
Geffen Gets Rich Penthouse
SELLER: Denise Rich
LOCATION: New York City, NY
SIZE: 12,000 square feet, 7 bedrooms, 9 full and 2 half bathrooms
YOUR MAMAS NOTES: Brace yourselves, butter beans, because the big money real estate shit is going down again in New York City where soon-to-be ex-American Denise Rich has reportedly cut a deal to sell her titanic duplex penthouse to none other than L.A.-based billionaire David Geffen.
According to the Page Six peeps at the New York Post Mister Geffen will shell out $54,000,000 for the (mc)mansion-sized Fifth Avenue aerie Miz Rich heaved and hoed onto the open market in January (2012) with a $65,000,000 price tag.
Unidentified sources told The Post the large-livin' Dreamworks co-founder "will take up to two years" on extensive renovation and reconfiguration that will include the removal of Miz Rich's state-of-the-art, at-home recording studio.
Current listing information shows the building allows for 50% financing—although we imagine Mister Geffen has the dough to pay all cash iffin he wanted to—and the monthly maintenance and cooperative common charges are shown at $25,000 per month.
Mister Geffen already owns a recently renovated, two-unit combo spread at The Parq Cinq—a white glove cooperative building originally designed by Emory Roth (that does not allow dogs)—he picked up (off-market) in February 2010 for $14,170,000 from Robert Daly and Carole Bayer Sager.
Mister Geffen is hardly a stranger to mouth-dryingly expensive New York City real estate. In February 2006 he spent $31,500,000 to buy a duplex penthouse pad at the impossibly swank 810 Fifth Avenue. The 5,000-ish square foot penthouse was once part of Nelson Rockefeller's original triplex that got split up with he and Mary Tod Rockefeller divorced in the early 1960s. He bought the penthouse from private equity pasha John Foster and flipped just over a year later, in May 2007, for $37,842,187 to multi-billionaire Blackstone Group co-founder Pete Peterson.
Mister Geffen also owns the legendary 10-acre Jack Warner estate in Beverly Hills, CA (plus at least one, much smaller residence, also in the 90210) and an ocean front compound on Malibu's Carbon Beach (plus a smaller Carbon Beach house a few doors down bought from restaurateur Peter Morton in 2008 for $9,800,000).
Miz Rich made all the papers earlier this week when it was announced she would surrender her U.S. citizenship and passport in order to settle down somewhere in Europe where her children live and where she'll likely be able to engineer a more advantageous tax situation to protect her fortune.
listing photos and floor plan: Corcoran
Posted by Your Mama at 9:19 AM