Finance

Jeff Bezos is shopping for three New York Metropolis condos value a mixed $80 million

Amazon.com Inc. isn’t establishing a brand new headquarters in New York Metropolis, however Jeff Bezos could also be.

The tech big’s chief govt officer is shopping for three condos at Manhattan’s 212 Fifth Ave. with a complete worth of about US$80 million, the Wall Avenue Journal reported Tuesday. If the three flats — a penthouse and two models under it — had been mixed, the house would have 12 bedrooms and greater than 17,000 sq. ft (1,600 sq. meters) of area, the Journal reported.

Just like the US$238 million condominium buy earlier this 12 months by Citadel’s Ken Griffin, the deal isn’t an indication that town’s luxurious market is reviving, in accordance with Donna Olshan, president of brokerage Olshan Realty Inc.

“The one factor it says is that that is what the richest man on the earth wished to purchase right now,” mentioned Olshan, who wasn’t concerned within the transaction. “For those who’re tremendous wealthy, cultural, attention-grabbing and well-travelled, it’s important to have a spot in New York. It’s on the should listing.”

Representatives for Amazon and Bezos couldn’t be reached for remark. Brokers from Sotheby’s Worldwide Realty who marketed the listings — Brad Ingalls, Mara Flash Blum and Nikki Discipline — additionally didn’t return calls. Nor did John Burger, the Brown Harris Stevens dealer who represented Bezos within the deal, in accordance with the Journal.

The 24-story tower, close to Madison Sq. Park, was constructed in 1912 as a producing constructing and redeveloped as condos in 2016. StreetEasy reveals the penthouse below contract with an asking worth of US$58 million, and models 21A and 21B at US$18.2 million and US$11.three million, respectively.

Amazon introduced final 12 months that it could find considered one of two deliberate headquarters campuses within the Queens neighborhood of Lengthy Island Metropolis, however backed out of that deal in February within the face of backlash from native politicians and neighborhood leaders.

Bezos’s condominium buy, in a tech-heavy neighbourhood, might be an indication that Amazon is committing to a bigger presence in New York, even with out an official headquarters, in accordance with Olshan.

“Perhaps he’s going to go extra Manhattan-centric,” she mentioned. “He has to. He isn’t going to sit down there and let Google proceed to purchase property and swallow up all the highest expertise” within the space.

–With help from Spencer Soper.

Bloomberg.com

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