Hedge Fund Manager Buys Wasserstein's Old Apartment

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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note