Thursday, 24 July 2014
Last updated 3 hours ago
Sep 23 2011 | 11:18am ET
Hedge fund manager Scott Bommer has a taste for eight-figure New York apartments, a taste he has indulged yet again on Manhattan's Upper East Side.
The SAB Capital founder and his wife, Donya, have paid $34.6 million for a co-op at 927 Fifth Avenue, The New York Times reports. Their new digs have five bedrooms and five-and-a-half bathrooms, were formerly owned by the late Lazard CEO and private equity honcho Bruce Wasserstein and were sold by real-estate developer William Zeckendorf.
The Bommers have done a lot of buying and selling in New York over the past four years. In 2008, they sold a co-op up the block from their new home for $48.5 million just six months after buying it—and at a $2.5 million profit. At the time, that sale was a record for co-ops.
Last month, the couple sold their apartment at the Ritz-Carlton on Central Park South for $30 million. They bought the digs three years ago for $28.5 million.
At their new home, which is at East 74th Street, the Bommers count Mary Tyler Moore and red-tailed hawk Pale Male among their new neighbors.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…