Russian Billionaire’s Daughter Set Record, Paying $89M For Manhattan Apartment

Former Citigroup chairman Sandy Weill estimated his 6,744-sq-ft apartment at 15 Central Park West for $88 million, promising spend all the money on charity.

  • Architecture by Robert A. M. Stern Architects/Interior Design by MAC II. Text by Steven M. L. Aronson/Photography by Durston Saylor. Architecture by Robert A. M. Stern Architects/Interior Design by MAC II. Text by Steven M. L. Aronson/Photography by Durston Saylor.
  • Architecture by Robert A. M. Stern Architects/Interior Design by MAC II. Text by Steven M. L. Aronson/Photography by Durston Saylor. Architecture by Robert A. M. Stern Architects/Interior Design by MAC II. Text by Steven M. L. Aronson/Photography by Durston Saylor.
  • Architecture by Robert A. M. Stern Architects/Interior Design by MAC II. Text by Steven M. L. Aronson/Photography by Durston Saylor. Architecture by Robert A. M. Stern Architects/Interior Design by MAC II. Text by Steven M. L. Aronson/Photography by Durston Saylor.
  • Architecture by Robert A. M. Stern Architects/Interior Design by MAC II. Text by Steven M. L. Aronson/Photography by Durston Saylor. Architecture by Robert A. M. Stern Architects/Interior Design by MAC II. Text by Steven M. L. Aronson/Photography by Durston Saylor.

It has been recently found out that Ekaterina Rybolovleva, the daughter of Russian billionaire Dmitriy Rybolovlev, is going to be a happy owner of the luxurious apartments.

The 22-year-old was born in Russia but has lived in Monaco and Switzerland for the past 15 years. Now Rybolovleva is studying at a U.S. university and wants to use the property when visiting New York.

By the way, Dmitriy Rybolovlev, holds 93 point in the list of the richest, according to Forbes, with a net worth around $9.5 billion. He made his fortune through a fertilizer business, Uralkali, which he sold in 2010.

Ekaterina Rybolovleva’s representatives confirmed a woman had signed a contract to buy Weill’s apartment at 15 Central Park West: “A company associated with Ekaterina Rybolovleva, daughter of a well-known businessman Dmitriy Rybolovlev, has signed a contract to purchase an apartment at 15 Central Park West, New York. The apartment is a condominium currently owned by the Sanford Weill Family.”

The property was previously bought by Weil and his wife Joan for a then record $42.4 million, has said that the proceeds of this sale would be donated to charity, according to the New York Observer.

The apartment, located in Manhattan, has 10 rooms: 4 bedrooms, a terrace of more than 2,000 sq. feet and 2 wood burning fireplaces. “This sale is an outlier. It works out to be about $13,000 per sq. foot, the highest on record, for anything, that has ever occurred,” says Jonathan Miller, chief executive of real estate appraiser Miller Samuel.

“What is ironic is that when Sandy Weill bought it for less than half this amount, he paid the highest price per sq foot to date in that building, around, $6,400 per sq. foot. He is again setting a record.”

It is not the first time when the Rybolovlevs become topics for discussion for both real estate transactions and personal life. For example, in 1996, Rybovlev was suspected in murdering a fellow businessman but then he was acquitted for lack of evidence, reported The Daily Mail.

In 2008, he bought Donald Trump’s 33,000-square-foot Palm Beach mansion for $95 million.  And, finally, he is now battling his wife, Elena, over control of that mansion in their ongoing, billion-dollar divorce.

Ekaterina Rybolovleva paid full asking price for the apartment setting a record for highest individual transaction in New York City history.

The previous real estate record was set in 2006 when a private-equity investor, Christopher Flowers, purchased a townhouse at 4 east 75th Street having paid $53 million. In August 15 he resold the house for just over $36 million.

This year there were some more notable real estate sales in the city, according to Miller. Russian composer Igor Krutoy purchased a condo at the Plaza in March having paid a record $48 million, and a townhouse at 16 East 69th Street sold for $48 million in July.

In July, heiress Petra Ecclestone, daughter of UK Formula One billionaire Bernie Ecclestone, apparently paid $85 million for Spelling Manor, the 56,500-square foot mansion that was previously owned by Candy Spelling, widow of famed TV producer Aaron Spelling, whose works include the ‘Beverly Hills 90210,’ ‘Charlie’s Angels,’ and ‘Dynasty’ series. [Via Forbes and Global Post]

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