Music mogul David Geffen has reportedly purchased the Fifth Avenue penthouse owned by socialite Denise Rich for $54 million, according to the New York Post.Rich listed the co-op in January for $65 million. Even though he got a deal on the apartment, Geffen’s purchase still broke the record for the most expensive co-op ever sold in Manhattan, which was previously held by Oaktree Capital co-founder Howard Marks, who paid $52.5 million for a co-op at 740 Park Avenue in May.
This luxurious, 12,000-square-foot co-op features an upper-level grand salon, a wrap-around terrace with a stunning view of Central Park, and a professional recording studio.
Geffen already owns an apartment in the building, which he plans on selling once he finishes renovating his new digs, the Post reports.
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