Dmitry Rybolovlev Officially Owns Sandy Weill's $88 Million Dollar Apartment

NEW YORK (AP) — The family of a Russian billionaire has bought a New York City penthouse apartment for $88 million.

The Wall Street Journal (http://on.wsj.com/x3NGXe ) says the property on Central Park West in Manhattan is now the most expensive apartment in New York.

The seller was Sanford I. Weill, the former head of Citigroup Inc. It was bought by a trust for the daughter of Dmitry Rybolovlev (dih-MEE'-tree rih-bah-LOHV'-lehv).

Features of the apartment include a wraparound terrace.

The Journal says the sale generated nearly $2.5 million in city and state taxes.

The brokers' commission: about $3.5 million.

The deal closed on Wednesday.

Weill previously said he plans to donate the proceeds of the sale to charity.

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Information from: The Wall Street Journal, http://www.wsj.com

Comments

[hyaofcr]

06:52 AM on 02/17/2012

An apartment for $88 million? Ridiculous.

[beth24]

12:34 AM on 02/17/2012

obscene...this sets a dangerous precedent for all home and condo and even rental prices..New Yorker's need to organize a movement demanding affordable housing units meaning $800.00-900.00 for a decent sized studio apartment, $1200.00-1500.00 for a one bedroom and $1700.00 for a nice sized two bedroom rental so that people can have real living spaces and to be able to afford an apartment that would accommodate one child or elderly parent, with that extra bedroom. NYC is disgusting how they don't provide afordable rents and housing for its people!

[hopein2012]

03:14 AM on 02/17/2012

this is one incident. don't be over dramatic.

[Puro Purepechas]

11:30 PM on 02/16/2012

Great apartment, and for only $88 million, if I start saving 75% of my paycheck from now till I die I won't even be able to get an apartment nearly that nice. A decent, beyond decent apartment but nothing in that range.

[hopein2012]

03:15 AM on 02/17/2012

lol this is so not reality:)

[MIKEinNYC]

09:50 PM on 02/16/2012

This is chump change for these Russian oligarchs. (You think, in Russian, does "oligarch" mean "thief extraordinaire"?)

Short of curing cancer there's no one who's ever done anything that's worth this kind of dough.

[Anne Mccormick]

08:27 PM on 02/16/2012

for 88 million dollars i would expect to have the best of everything.

[hopein2012]

03:15 AM on 02/17/2012

you ain't kidding

[JTHoffman]

06:57 PM on 02/16/2012

‎22 yr old college student gets 88 million dollar New York condo! Unimaginable opulence or American middle class insult?

[Anne Mccormick]

08:28 PM on 02/16/2012

apartments on Central Park typically go for millions. that's the price you pay for prime real estate in NYC

[hopein2012]

03:15 AM on 02/17/2012

it is what it is. they aren't any happier than anybody else. money doesn't buy happiness, i know.

[anfractuous]

09:50 AM on 02/17/2012

I'm willing to give it a chance.

[Theatrixnyc]

01:55 PM on 02/17/2012

money doesn't buy happiness,
**
(In the voice of Bette Midler as 'The Rose')

"Honey I'm pretty sure whoever started that rumor was dead-a*s broke..."

[425tothedogs]

05:36 PM on 02/16/2012

I would like to know how much that apt. sold for to the previous owner Mr. Weil. Frankly, I have
seen prettier not to far from this one. This one just has a lot of outdoor space. Congratulations
to the listing and selling brokers. Sales like this and they can purchase th apartment below.

[beth24]

12:35 AM on 02/17/2012

why are you congratulating these people???

[hopein2012]

03:16 AM on 02/17/2012

he is looking at the lighter side of the story:)

[hopein2012]

03:16 AM on 02/17/2012

agreed.