Hedge Fund Honcho Buys $17.5 Million Downtown Apt.

Jan 11 2012 | 11:49am ET

Four floors weren't enough for hedge fund manager Harsh Padia—so, for an extra $2 million, he added a fifth.

Padia, who founded Hap Capital Advisors two years ago, has a new home in Manhattan, a five-floor penthouse in Tribeca. According to city records, he paid a whopping $17.5 million for the 7,200-square-foot home—a deal so big, certainly by downtown standards, that it will be featured in Bravo's new television series, "Million Dollar Listing New York," the New York Post reports.

Padia and his wife snapped up the penthouse, originally four floors and listed for $15 million, at 471 Washington Street. But a quadplex wasn't roomy enough, so Padia also bought the seventh floor of the building, making him the owner of half the building.

Padia's new home has 360-degree views, a rooftop pool and 4,200 square feet of outdoor space, including four terraces and two balconies. The quinplex has a 1,000-square-foot sunroom.


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