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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...