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Billionaire financier eyes $50M Upper East Side co-op

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Plus, a likely rezoning of the Bronx’s Southern Boulevard is dead—and more intel in today’s New York Minute news roundup

Max Touhey

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Co-op at ultra-exclusive UES building in contract for $50 million

Billionaire financier J. Christopher Flowers is in contract to buy an apartment in a luxury Upper East Side co-op building for roughly $50 million, The Wall Street Journal reports. The sale, if it closes for that price, would be one of the city’s priciest real estate transactions of the new year.

The unit in question spans roughly 7,500 square feet—an entire floor of the 1920s building—on Fifth Avenue and East 66th Street, but because the apartment was not officially on the market, there are few other available details, according to The Journal. Other units in the building are known to have 36-foot long living rooms, soaring ceilings, and libraries facing Central Park.

The exclusive co-op building only has about 18 apartments, which have been home to high-profile residents such as the late Microsoft co-founder Paul Allen and the late chairman of Bear Stearns Alan C. Greenberg.

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