Ekaterina, 22, daughter of Russian billionaire Dmitriy Rybolovlev, is buying the condominium and plans to stay in the apartment when visiting New York.
The sale of the apartment, which was reported yesterday by Forbes magazine, broke records for an individual transaction in a city renowned for pricey property.
The sellers are former Citigroup CEO Sandy Weill and his wife Joan who bought the apartment for $42.4 million, breaking property market records of the time. When 15 Central Park West was put up for sale, Mr. Weill said there would be no negotiation on the $88 million price tag, and the proceeds would be donated to charity. Experts doubted somebody would pay such a price.
According to a source familiar with the sale, she paid the full asking price of $88 million, setting a record for highest individual transaction in New York City history.
“Ms Rybolovleva was born in Russia, is a resident of Monaco and has resided in Monaco and Switzerland for the past 15 years.”
The New York Post reported that she is enrolled at Harvard University. A representative for Ekaterina is studying at an undisclosed U.S. university and will live in the apartment – which boasts ten rooms and a wraparound terrace – when she is in New York. released a statement saying: “A company associated with Ekaterina Rybolovleva, daughter of a well-known businessman Dmitry Rybolovleva, has signed a contract to purchase an apartment at 15 Central Park West, New York. ”
The apartment, in one of the toniest post-war buildings in Manhattan, has 10 rooms including 4 bedrooms, a wraparound terrace of more than 2,000 sq. feet, 4 bedrooms and 2 wood burning fireplaces.
Her father, Dmitry Rybolovlev is one of the small group of Russians who became fabulously wealthy during the post-Soviet privatization of the economy and are known as oligarchs. Dmitriy sold the majority of his stake in Uralkali, the fertilizer business that made him rich, for $6.5 billion in 2010.
The mining magnate is locked in a bitter divorce battle with wife Elena, to whom he has been married for 23 years. They have two daughters. In court papers, Mrs Rybolovleva, 43, has accused her husband of serial infidelity and could be set to get $3.5billion in the divorce.
But the 6,744 sq ft ten-room will be safe from his ex-wife as the contract is in their daughter’s name.
In 2008, Mr Rybolovlev, 43, bought Donald Trump‘s 33,000 sq ft Florida estate – Maison L’Amitie – for $95million in cash. He paid $95 million in cash for that residence, $25 million less than what Trump had originally asked. It was apparently the largest single residence price concession of all time. He may not own that house much longer though. His wife Elena, who filed for divorce in Palm Beach court in 2009, is seeking transfer of ownership of the former Trump mansion.
He himself spends much of his time at his home in Monaco and is likely to buy the struggling French football club, AS Monaco.
He is listed as the 93rd richest person in the world.
Super-rich Russians have become steady buyers of luxury real estate in USA.
This year Russian composer Igor Crutoy set a record for a condominium in New York as he bought a flat at the Plaza Hotel for $48 million. Yuri Milner, founder of Moscow-based DST, which invests in Internet companies including Facebook Inc., Twitter Inc. and Groupon Inc., paid $100 million for a 2,370-square-meter mansion in Los Altos Hills, California. Owner of Russian Standard Bank and Russian Standard Vodka, Roustam Tariko has closed the most expensive home purchase in Miami Beach since 2006 when he bought a $25.5 million estate in April 2011.
Russian billionaires Roman Abramovich, Oleg Baikov and Vladislav Doronin also own pricey homes in the USA.
15 Central Park West – $88,000,000
Monthly real estate tax: $4,958
Approx. square footage: 6,744 sf
Windowed kitchen: Yes
Outdoor space: Terrace
Woodburning fireplaces: 2
Air conditioning: Central Air
Washer and dryer: Yes
Pied-à-terre allowed: Yes
Building Type: Hirise
Attended lobby: Yes
Elevator attendant: Yes
Building courtyard: Yes
Roof garden: Yes
Health club: Fitness Room
Laundry in building: Yes
Garage in building: Yes
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