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Frank McCourt Consoles Self with a $50 Million Fifth Ave Co-op

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David Hamamoto, the CFO and chairman of NorthStar Realty Finance Corp., just sold his full-floor apartment in 944 Fifth Avenue for the full $50 million ask to a gentleman named Frank McCourt, Bloomberg News reports. Although there are probably a few Frank McCourts in the world, heading up the list of Frank McCourts who can afford a $50 million apartment is the Frank McCourt who bankrupt the Los Angeles Dodgers and was forced to sell the franchise for $2 billion earlier this year. Hey, if you can't have a professional baseball team, at least you can have a newly-renovated, 5,000-square-foot, 16-room apartment with a windowed walkin closet on the world's most expensive street. (By "you," we mean billionaires.) The apartment was listed in June.


· NorthStar's Hamamoto Sells NYC Co-Op in $50 Million Deal [Bloombeg, via The Real Deal]
· Full Floor on Fifth Avenue Up for Grabs for an Even $50 Million [Curbed]