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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note