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Billy Macklowe In Contract for $27.5M Apartment at 950 Fifth

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Things have been relatively normal this week on the Upper East Side, and that normality includes wealthy people spending lots of money on property. Billy Macklowe?rich real estate person and son of even richer real estate person Harry Macklowe?is about to buy a co-op at 950 Fifth Avenue. Macklowe and his wife Julie are in contract on a 4BR, 5.5BA, according to the Post. Since there's only one unit in contract, and indeed for sale, in the entire building, it's easy for us to pinpoint the unit in question as this one. The apartment was asking $27.5 million, and the Macklowes are reportedly paying some unspecified lower amount. A deal! The maintenance is still $16,855/month, though.

Here's a taste of opulence from the almost Paula Del Nunzio-style brokerbabble:

The elegant interiors, designed by Mica Ertegun and Chessy Rayner of MAC II, feature a magnificent corner living room with glorious park views from over sized windows, parquet de Versalles floors, a wood burning fireplace and exquisite architectural details with 10'9 ceilings. The grand and bountiful dimensions of the space make it unrivaled for entertaining and luxurious living. The adjoining library has beautifully crafted built-ins, a second wood burning fireplace as well as a lovely powder room and dry bar. The formal dining room faces south and features travertine floors, a wood burning fireplace, 11' ceilings, custom cabinetry and affords an elegant space for gatherings?. A glamorous ornate hand crafted wrought iron & gilt banister curls away to the upper level private quarters. The breathtaking corner master bedroom suite, consisting of two bedrooms each with their own custom designed closets and luxurious baths, faces west and south and has beautiful views of Central Park with a hidden fourth wood burning fireplace.

· Big Mack [NYP]
· Listing: 950 Fifth Avenue [Stribling via StreetEasy]
· 950 Fifth Avenue coverage [Curbed]
· Billy Macklowe coverage [Curbed]

950 Fifth Avenue

950 Fifth Avenue, New York, NY