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Russian Billionaire Gets $51M for Time Warner Penthouse

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One of the secret super rich owners at the core of the Times' investigation to expose foreign buyers at the Time Warner Center has vacated the building. Or at least, he's pulled his money out—doubtful he ever lived there. The man in question is Andrey Vavilov, and the Observer reports that he just sold his penthouse for $50.9 million. The closing price is waaaay less than the initial (and ridiculous) asking price of $75 million, but it still sets a record for the building, according to 6sqft. It was last priced at $68 million. The full-floor 8,300-square-foot condo was made over by designer Tony Ingrao, and it features a library, media room, six bedrooms, and 120-feet of Central Park frontage.

· Listing: 25 Columbus Circle, PH78 [StreetEasy]
· Russian Billionaire Sells Time Warner Center Penthouse for $50.1M [NYO]
· $51M Time Warner Center Penthouse Sale a Record for the Building [6sqft]
· See the $68M Time Warner PH of a Shady Russian Billionaire [Curbed]
· Time Warner Penthouse Returns Yet Again, Now Wants $68M [Curbed]

Time Warner Center

10 Columbus Circle, Manhattan, NY 10019 Visit Website