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Friday, April 4, 2014

A. Walton said to buy $70 million pad on Fifth Avenue

Posted By on Fri, Apr 4, 2014 at 4:50 PM

click to enlarge 960 Fifth Ave.
  • 960 Fifth Ave.
I can see Alice Walton wanting to live seven blocks north of the Frick Collection (with its wonderful Vermeer) and two blocks south of the Metropolitan Museum, can't you? So the New York Post story today that Walton has purchased a $70 million co-op at 960 Fifth Ave. in NYC makes sense to me (that's she's purchased it, not the price). It's the highest amount ever paid for a New York co-op. Imagine the co-op fees!

The co-op belonged to the late Edgar Bronfman, the Seagrams gazillionaire, and is called the "Jewel of Fifth Avenue." The co-op is at the corner of 77th and Fifth; see pictures of Bronfman's 16-room digs here

City Realty says the 15-story co-op building is rated No. 9 in the city (but No. 2 on the East Side, behind the River House at 435 E. 52nd St.)! The penthouse, however, is rated No. 3. But City Realty isn't taking into account proximity to two of the world's greatest collections of art, is it? 

Guess all the Crystal Bridges Museum of American Art bigwigs will have a nice place to stay when they hit the auctions. 



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