Real Estate

Brooklyn Nets owner revealed as ‘mystery buyer’ of $157M NYC condo

The thriller purchaser behind a $157 million condominium deal in Manhattan’s most prestigious rental tower has been revealed as Alibaba co-founder and Brooklyn Nets proprietor Joe Tsai. 

Tsai, 57, bought two full-floor rental flats at 220 Central Park South, pegged as the costliest constructing in New York Metropolis, in two separate transactions in Might, the Wall Avenue Journal first reported. 

One ground, the sixtieth, was bought for $82.5 million, and the ground above it was purchased for $75 million on Might 20.

The Taiwanese-Canadian businessman bought each items for greater than their unique sale worth, which not too long ago averaged $50 million final 12 months. 

The deal additionally features a studio condominium on the 18th ground designated for his workers, in response to CNBC

The condo boasts sweeping view of Central Park.
The rental boasts sweeping views of Central Park.
Realtor.com

Every ground is made up of 4 bedrooms, 5 full baths and two half-baths, and spans virtually 6,000 sq. toes. Month-to-month upkeep charges alone complete $12,434, along with month-to-month taxes of $10,660.

Newly in-built 2018, the rental contains a personal inside elevator with sweeping vistas of Central Park. 

Designed by Robert A.M. Stern and Thierry Despont, the constructing units the usual for luxurious residing and comes with facilities that embody a Jean-Georges restaurant only for house owners and their company, personal eating rooms and entertaining areas, an expansive health heart with a swimming pool and spa, on-site parking, wine cellars and storage, in response to the itemizing. 

Joe Tsai, owner of the Brooklyn Nets during the game against the Philadelphia 76ers at Barclays Center on December 15, 2019 in New York City.
Joe Tsai at a Brooklyn Nets recreation towards the Philadelphia 76ers at Barclays Heart on Dec. 15, 2019 in New York Metropolis.
Getty Pictures

The transfer comes almost two years after Tsai paid a hefty $3.38 billion for the Brooklyn Nets, together with the Barclays Heart, sources beforehand advised The Submit.

Tsai’s buy marks the largest deal of the 12 months to date. In keeping with Forbes, Tsai is price an estimated $10.6 billion

The constructing itself has seen three different enormous gross sales since, together with one other two full-floor rental transactions at the moment in contract for $49.5 million. 

In the same ground plan to Tsai’s newly purchased condos, every ground holds 4 bedrooms and 5 full loos. 

The living room.
One other two-full-floor rental much like Joe Tsai’s buy is at the moment in contract at 220 Central Park South for $49.5 million.
Realtor.com
The kitchen.
The kitchen with bar seating.
Realtor.com
A breakfast space.
The breakfast house within the kitchen.
Realtor.com
The stairs leading to the second level.
The steps resulting in the second stage.
Realtor.com
The entryway to the primary bathroom.
The entryway to the first lavatory.
Realtor.com
The primary ensuite marble bath.
The first en-suite marble lavatory.
Realtor.com
A corner bedroom with panoramic city views.
A nook bed room with panoramic metropolis views.
Realtor.com

Whereas Tsai’s buy marked the biggest sale this 12 months, the title of the priciest dwelling ever bought within the US goes to hedge funder Ken Griffin, who bought 4 flooring in the identical constructing for a whopping $238 million in 2019.

Following these big-name gross sales, 220 Central Park South has continued to soar in worth even by means of the pandemic, with now greater than 90% of the constructing bought out. 

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