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The New York Observer

Another Oil Condo: Retired Offshore Drilling Exec Sells for $9.2 M.

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October 17, 2008 | 11:14 a.m.
<br /> (PropertyShark.)
PropertyShark.

Two days after The Observer wrote about a huge Texas gas options broker buying a $4.35 million East Village apartment from pro-vegan techno star Moby, another oil star has struck.

According to city records, Victor E. Grijalva, a director of the world's largest offshore drilling contractor, Transocean, and the former vice chairman of Schlumberger (a "leading oilfield services provider"), has sold his four-bedroom, 3,800-square foot apartment at 525 Park Avenue.

Not only did Lara and Habib Kairouz, a financier, pay $9.2 million, records show, but they did it on Sept. 25, the day that Washington Mutual was seized by the government. Despite the global financial crisis, they'll now have a private elevator landing leading to an oversize gallery; a living room and formal dining room both facing Park Avenue; a library with an en-suite bathroom (which means it could be a fifth bedroom); a windowed eat-in kitchen next to a pantry; and a staff room "suitable for guests," says Corcoran.

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