Griffin's new apartment unit spans 8,500 sq ft on the fourth and fifth floors of 740 Park Ave.
NEW YORK: Billionaire Ken Griffin has added another luxury home to his collection, buying an apartment in one of Manhattan’s most exclusive co-op buildings.
The Citadel founder paid US$45mil for a duplex at 740 Park Ave that had been owned by Julia Koch, the widow of billionaire businessman David Koch, according to people familiar with the matter.
The Rosario Candela-designed building, completed around 1930, is about a mile north from Citadel’s offices in the ultra-modern 425 Park Ave and the proposed skyscraper at 350 Park, where Citadel and Citadel Securities will be anchor tenants.
Griffin already owns other homes in Manhattan, including a penthouse condo he bought for a record-setting US$238mil in 2019 at 220 Central Park South, along Billionaires’ Row.
His new apartment unit spans 8,500 square feet on the fourth and fifth floors of 740 Park Ave., which is already the New York home of Stephen Schwarzman, Blackstone Inc’s chairman and chief executive officer, and other titans from the world of finance.
Jacqueline Kennedy Onassis lived there as a child and John D. Rockefeller owned the unit that is now Schwarzman’s.
The sale was completed last week, and the Wall Street Journal reported on Monday that Griffin was the buyer.
“Koch looked to sell the 18-room co-op after her husband’s 2019 death and had asked as much as US$60mil when quietly marketing it in 2022,” the Journal reported at the time.
It was listed for US$48mil in 2023. David Koch had bought it for US$17mil in 2004. Griffin has also spent hundreds of millions of dollars on homes and land in South Florida, where Citadel has its headquarters. — Bloomberg
