John Paulson just forked out $2.85 million on a two-bedroom pad at 641 Fifth Avenue’s Olympic Tower condominium, The Real Deal reports.No word yet on whether Paulson plans to actually live in the apartment, especially since he owns a 28,000-square-foot home on the Upper East Side.
But no matter, he’s just following his own advice:
If you don’t own a home buy one.”
“If you own one home, buy another one, and if you own two homes buy a third.”
This latest purchase is a fraction of the size of the 86th street apartment, at 1,797-square-feet.
Records show that Paulson also haggled with the seller; the 26th floor apartment was originally listed for $3.15 million.
He dropped $14.7 million on the East 86th address in 2004.
Business Insider Emails & Alerts
Site highlights each day to your inbox.