Former Citigroup CEO Sells NYC Penthouse for $88 Million

by Christine DemosDecember 21, 2011

Sandy Weill listed his 15 Central Park West penthouse in New York for an earth shattering amount of $88 million in November with the promise that when it sold the proceeds would go to charity. Well, looks like Mr. Weill needs to pay up! That’s right; the luxurious New York City apartment is rumored to have sold for the full asking price, setting the record for highest individual transaction in New York City history! Who would pay that in this economy? Only one of the world’s richest people Mister Dmitriy Rybolovlev (although the folks at Forbes state it was not actually purchased by Mister Rybolovlev but rather his 22 year old daughter Ekaterina Rybolovleva).

What kind of home is worth this considerable price tag? Check out the photos below…

The Weill spread, 6,744 square feet of immaculate interior space with a wide terrace that wraps around three sides of the apartment with drop dead gorgeous park and city views, boasts two fireplaces and a custom built bedroom. This posh apartment is located in the sought-after limestone building, which was designed by Robert A.M. Stern and developed by Arthur and William Lie Zeckendorf. It was designed to echo the spacious apartment layout and traditional look of the grand prewar buildings that line Fifth Avenue and Central Park West but with up-to-date details.

This sale works out to be roughly $13,000 per sq. foot! You’ve seen the photos; do you think it’s worth the lavish price tag?

Sources: Wall Street Journal,  Observer.com

About The Author
Christine Demos
Christine is the Content Marketing Coordinator for Homes.com. She's a small town girl at heart, who currently lives in Norfolk, VA with her husband and their fur baby. When she's not working, she enjoys cooking, decorating, traveling, and binge watching Netflix. As a proud Virginia Tech alum, she also loves cheering on the Hokies!
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