Avenue's Lasry Buys 'Ghostbusters' Penthouse

Feb 5 2014 | 8:24am ET

Avenue Capital Group founder Marc Lasry isn't moving to Paris, but he is moving—to a $33 million penthouse.

And Lasry's new home, a duplex atop 55 Central Park West, is perhaps even more famous than the Hôtel de Pontalba, where Lasry would have resided as U.S. Ambassador to France. The New York landmark is known as the "Ghostbusters Building" for its role in the 1984 film.

Lasry and his wife, Cathy, got the penthouse for slightly below its asking price of $33 million. The billionaire's real-estate agent, Raphael De Niro, told The New York Times that the couple was captivated by the apartment's broad park views, high ceilings and unusually-large picture windows.

The Lasrys will not be the first boldface names to call the penthouse home: It has been owned by fashion designer Calvin Klein twice, and was most recently the property of TVT Records founder Steven Gottlieb.

Gottlieb, who bought the apartment in 1999 from Klein, poured more than $5 million into it before putting it on the market in 2012. The 5,000-square-foot pad has four bedrooms.

Lasry last year was poised to be named U.S. ambassador to France, but withdrew before he was formally nominated.


In Depth

Fitch Says Alternative Asset Managers 'Stable' Despite Dry Powder

Nov 20 2014 | 9:30am ET

Ratings agency Fitch says the outlook for seven publicly traded alternative asset...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.