Ex-Hedge Funder's Apartment Gets $29.6 Million

Dec 13 2012 | 11:46am ET

Former hedge fund manager Bruce Barnes has sold his New York City apartment for almost $30 million.

Barnes listed the three-bedroom, three-bathroom spread in Manhattan's exclusive Dakota Apartments in April. The price never changed from the original listing, which sought $29.6 million.

Barnes, who is president of the Dakota's co-op board, announced his plans to leave the Dakota after 17 years in April in a letter to his fellow residents. He told them that he and his partner no longer needed such a large apartment and planned, if they sold, to spend most of their time outside of the city. But some have speculated that a lawsuit accusing the Dakota and its board of discrimination may have played arole.

The Dakota, best known as the former home of Beatle John Lennon and the site of his murder, has a long history of rejecting would-be residents, including Billy Joel, Cher, Melanie Griffith and Antonio Banderas. But hedge fund manager Alphonse Fletcher accused the building of racist practices after his bid to buy a second apartment in the building was rejected.

Barnes' apartment is one of the largest in the Dakota, and features views of Central Park. Barnes recently restored the apartment's 19th-century details and installed an "architecturally innovative" chef's kitchen. It features 12-foot ceilings, three balconies and seven fireplaces, with "grand-scale public rooms," a library and a formal dining room with a built-in bar. Broker Brown Harris Stevens adds that, "if additional bedrooms are desired, the apartment provides extraordinary flexibility for up to three additional bedrooms and three additional baths."

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