Monday, 28 July 2014
Last updated 9 min ago
Dec 20 2013 | 10:51am ET
Hedge fund manager Vincent Viola has the perfect gift idea for the well-heeled this holiday season, and it even comes wrapped with a red ribbon.
It's his huge Upper East Side Townhouse, and it can be yours for just $114 million.
Viola, a former chairman of the New York Mercantile Exchange and co-founder of hedge fund Actius Capital Management, is making good on his promise to move to South Florida, where he is now the owner of the National Hockey League's Florida Panthers. He paid $240 million for the team, based outside of Fort Lauderdale, or just over twice what he's seeking for his former East 69th Street home.
If he gets it, it will be the most ever paid for a New York City house. Indeed, it would be twice as much as its closest contender, on nearby East 75th Street, which fetched $53 million in 2006—a year after Viola bought his house for just $20 million.
The house would also be the most expensive residential deal in New York history, after an apartment in the under-construction One57 monolith, bought for $90 million by an investor group including Pershing Square Capital Management's William Ackman.
Those digs may have impressive Central Park views—the Viola mansion's residents must walk a half-block to get to the park—but the East 69th Street place is bigger, clocking in at 20,000 square feet over its six stories. The home, built in 1883, has seven bedrooms, a duplex library, a recording studio, a movie theater lined in red velvet and an onyx-lined elevator to whisk you down to the basement pool and spa—or the rooftop outdoor shower.
According to the Viola's broker, Gabriella Dufwa, the house has already received offers "from around the globe," the New York Post reports.
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…