Edgar Bronfman Jr. announced yesterday that he was stepping down from his position as the chairman of Warner Music Group, effective January 31. Turns out he is stepping down from his perch at 812 Park Avenue, as well.
According to city records, Mr. Bronfman has transferred sole control of the triplex penthouse to his wife Clarissa Bronfman, with whom he bought the home in May for $16 million. Read More
CORRECTION: This home actually belongs to Charles Bronfman, not his brother Edgar Jr. Not nearly the prolific property swapper his nephew is, Charles called 838 Fifth Avenue home for a decade before he bought this co-op last November, paying $21 million for the sixth floor at 810 Fifth. It is now back on the Read More
Gordon and Dailey Jones Pattee had been trying to sell their triplex atop 812 Park Avenue since November 2007. The 15-room home came on the market for $36.5 million before being cut three times: $29.75 million, $22 million, $15.9 million. It appears the Pattees would budge no further.
As The Observer reported on Tuesday, Read More
Seagram heir and Warner Music maestro Edgar Bronfman Jr. spent a good part of his life growing up around the globe. He decided two years ago that his kids should have the same experience and relocated them to London, though always with the plan to return when the eldest reached high-school age.
When Read More
In a flurry of house-swapping three years ago, at the height of the real estate mania, Edgar Bronfman Jr. traded a half-dozen properties with a total price tag exceeding $115 million, a spree that culminated in the fall of 2008 with his purchase of 117-119 East 69th Street for $28.5 million. The 40-foot-wide home Read More
Did you notice all the gauzy coverage of the merger of America Online and Time Warner last month? It was pegged to the 10th anniversary of the deal, now widely derided as the “worst merger in history” and which cost shareholders more than $100 billion.
But it’s starting to feel like a long time ago Read More
This year will bring either a dazzlingly financial apocalypse (the analyst Howard Davidowitz has said we're on "a death march"), a revival that catapults New York into a new era of giddy splendor, or an uneven and slow sludge back to normalcy. Manhattan will expire, sparkle, or crawl.
One comparatively easy way to take the city's Read More
This year will bring either a dazzlingly financial apocalypse (the analyst Howard Davidowitz has said we're on "a death march"), a revival that catapults New York into a new era of giddy splendor, or an uneven and slow sludge back to normalcy. Manhattan will expire, sparkle, or crawl.
One comparatively easy way to take the Read More
On a cold, miserable afternoon in mid-November, Ben Bronfman stepped out of a cab in front of the United Nations and walked through the security checkpoint, past the clusters of tourists in the lobby, and up to the Delegates Dining Room on the third floor, where there was a fancy luncheon to ramp things up Read More
My colleague Max Abelson reported in June that the Warner Music chairman and liquor heir had gone to contract for between $20 million and $21 million. That was below the asking price of $24 million but above the price Read More
“He decided,” broker Read More
The colossal Manhattan real estate story of Edgar Bronfman Jr., Seagram liquor grandson and Warner Music Group CEO, has finally taken a comparatively imperfect turn. Eight months after he sold his East 64th Street townhouse to a Russian oil billionaire for $50 million, even though he paid $4,375,000 for the property in 1994, his 11-room Read More
"The price would be twice as large as the previous record listing in New York City, and nearly $50 million more than last year's Read More
The sales deed was filed in city records this morning, the day after iconic uptown broker Linda Stein was found murdered in her posh Read More
