New York apartment sells for NZ$105m

Last updated 12:39 17/02/2012
New York's Central Park and to the left Central Park West where a penthouse apartment has sold for a whopping NZ$105.3 million.
Reuters

RICH REAL ESTATE: New York's Central Park and to the left Central Park West where a penthouse apartment has sold for a whopping NZ$105.3 million.

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The family of a Russian billionaire has bought a New York City penthouse apartment for US$88 million (NZ$105.3m).

The Wall Street Journal says the property on Central Park West in Manhattan is now the most expensive apartment in New York.

The seller was Sanford I Weill, the former head of Citigroup Inc. It was bought by a trust for the daughter of Dmitry Rybolovlev.

Features of the apartment include a wraparound terrace.

The Journal says the sale generated nearly US$2.5 million in city and state taxes.

The brokers' commission: about US$3.5 million.

The deal closed on Wednesday (Thursday, NZ time).

Weill previously said he plans to donate the proceeds of the sale to charity.

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- AP

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