Buyer of oil tycoon's foreclosed One57 penthouse outed

The Wall Street Journal has outed the identity of the buyer who picked up oil tycoon Kola Aluko’s One57 penthouse in a foreclosure sale earlier this month. The buyer of the $36 million pad is none other than David Lowy, the son of the founder of retail giant, Westfield Corporation.

Lowy also happens to be the owner of the opulent One57 pad that came on the market on Monday, asking $27 million. Even if it sells for its full ask, the apartment will still be a loss for Lowy, who picked it up for $28 million in 2015, according to the Wall Street Journal.

Lowy purchased Aluko’s penthouse through a limited liability company that he controls, two sources informed the Journal. That sprawling penthouse measures 6,240 square feet and comes with four bedrooms, and four-and-a-half bathrooms.

Lowy’s purchase of the One57 penthouse is also the most anyone has ever paid on a foreclosure condo sale in New York City.

• Retail Heir David Lowy Is Behind One57 Purchase That Set New High in NYC Foreclosure Auction [WSJ]
• For $27M, a One57 condo with an opulent redesign [Curbed]
• Oil tycoon’s One57 penthouse sells at auction for $36M [Curbed]