Another day, another billionaire makes real estate moves in New York City. The Wall Street Journal reports that Daniel Och, the founder of the hedge fund Och-Ziff Capital Management Group, is parting ways with his penthouse at 15 Central Park West—and is hoping to get a whopping $57.5 million for the 4,739-square-foot aerie.
Why the move? The reasons are unclear, but the WSJ speculates that Och could be joining other extremely wealthy people in trading one Robert A.M. Stern-designed, Central Park-adjacent building for another. That would be 220 Central Park South, where former 15CPW resident Sting recently closed on a $66 million villa apartment.
Och bought this apartment in 2008 for just under $22 million, and turned it into “a meticulous work of art designed with the most discerning eye,” according to the brokerbabble. It has three bedrooms—including a master suite with a large dressing room and Central Park views—a library, a spacious living room, and a kitchen with high-end appliances. There are also two terraces that together come to about 800 square feet.
If it sells for the full asking price, it still wouldn’t beat the record for the priciest sale recorded at the exclusive building; that honor still goes to Sanford Weill’s former penthouse, which sold for $88 million back in 2011.
Deborah Kern of Corcoran—who, coincidentally, is leading sales at 220 CPS—has the listing, for which maintenance, common charges, and monthly taxes will run over $19,500/month.