CNN Honcho Jeff Zucker sold his 5-bedroom apartment on the Upper East Side for $ 15.35 million to hedge fund billionaire Michael Steinhardt and his wife Judith.
Zucker sold the unit in the Verona Cooperative Building on East 64th Street for a discount on the asking price $ 17.5 million.
The refurbished five-bed bedroom has a 38-foot-wide living room, a private office and library, a chef’s kitchen with several dining rooms and three work fireplaces.
The Wall Street Journal previously announced the sale, but did not disclose the buyer’s price.
Zucker and his wife Caryn bought the apartment for $ 12.3 million in 2007, according to property records. The couple announced their breakup in 2018. Caryn Zucker recently paid $ 8.4 million for a Palm Beach villa.
Verona is a 10-storey building with just 20 units and views of Central Park.
Michael Steinhardt founded the Steinhardt Partners hedge fund and led WisdomTree, a company that focuses on exchange-traded funds, or ETFs. He is a prolific donor of Jewish philanthropy and co-founded Taglit-Birthright, which offers young adults a 10-day free trip to Israel.
Steinhardt’s purchase is an obvious trend: Since the beginning of the pandemic, a number of hedge funds and private equity managers have bought luxury homes in Palm Beach. Earlier this month, private equity titanium Scott Shleifer paid more than $ 120 million for a seaside residence at 535 North County Road in Palm Beach, setting a record in Florida residential real estate sales.
But only a few well-known companies have relocated their entire operations to South Florida. Even those planning to relocate their headquarters to South Florida, such as Paul Singer’s Elliott Capital, have offices in New York, they say. New York Times.
Steinhardt was accused of sexually harassing several women who worked in Jewish organizations where he donated money, the New York Times reported in 2019. He denied the allegations, although he apologized for “inappropriate” remarks in interviews with members of the NYU community.
The university has decided keep his name at Steinhardt’s School of Culture, Education and Human Development, which re-Christianized the school in exchange for a $ 10 million gift he and his wife made in 2001.