The Shmooze

Egypt's Richest Man Buys Edgar Bronfman's NYC Penthouse for $70M

By Anne Cohen

  • Print
  • Share Share

And the record for most expensive co-op ever sold in New York City goes to… Nassef Sawiris.

The richest man in Egypt, reportedly worth roughly $7 billion dollars (and ranked as 193rd richest person in the world by Forbes) has purchased 960 Fifth avenue, previously owned by the late billionaire Edgar Bronfman, Sr., who died in December at age 84, Curbed reports.

The price? A whopping $70 million. In cash.

The 16-room apartment, which includes five bedrooms and eight bathrooms, complete with a wraparound terrace overlooking Central Park, is said to be one of the most prestigious addresses in New York City. But Nawiris may have to pull a Moses and part the Dead Sea of furniture (so many Exodus jokes, so little time) if he wants to actually live in his new dream pad. The Real Deal points out that the penthouse — or really, let’s just say it: PALACE — needs to be gut renovated, but my guess is that Sawiris, who heads Orascom Construction Industries, Egypt’s most valuable publicly traded company, has some spare change to throw around.

The previous record for the most expensive co-op was set by David Geffen, when he bought 785 Fifth Avenue for $54 million in 2012.

Here’s a glimpse of what you could buy if you had $70 million lying around. For the jaw-dropping views, head over to Curbed.




Permalink | | Share | Email | Print | Filed under: real estate, edgar bronfman, new york city, jewish, nassef sawiris, egypt

The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.




Find us on Facebook!
  • "Dear Diaspora Jews, I’m sorry to break it to you, but you can’t have it both ways. You can’t insist that every Jew is intrinsically part of the Israeli state and that Jews are also intrinsically separate from, and therefore not responsible for, the actions of the Israeli state." Do you agree?
  • Are Michelangelo's paintings anti-Semitic? Meet the Jews of the Sistine Chapel: http://jd.fo/i4UDl
  • What does the Israel-Hamas war look like through Haredi eyes?
  • Was Israel really shocked to find there are networks of tunnels under Gaza?
  • “Going to Berlin, I had a sense of something waiting there for me. I was searching for something and felt I could unlock it by walking the streets where my grandfather walked and where my father grew up.”
  • How can 3 contradictory theories of Yiddish co-exist? Share this with Yiddish lovers!
  • "We must answer truthfully: Has a drop of all this bloodshed really helped bring us to a better place?”
  • "There are two roads. We have repeatedly taken the one more traveled, and that has made all the difference." Dahlia Scheindlin looks at the roots of Israel's conflict with Gaza.
  • Shalom, Cooperstown! Cooperstown Jewish mayor Jeff Katz and Jeff Idelson, director of the National Baseball Hall of Fame, work together to oversee induction weekend.
  • A boost for morale, if not morals.
  • Mixed marriages in Israel are tough in times of peace. So, how do you maintain a family bubble in the midst of war? http://jd.fo/f4VeG
  • Despite the escalating violence in Israel, more and more Jews are leaving their homes in Alaska to make aliyah: http://jd.fo/g4SIa
  • The Workmen's Circle is hosting New York’s first Jewish street fair on Sunday. Bring on the nouveau deli!
  • Novelist Sayed Kashua finds it hard to write about the heartbreak of Gaza from the plush confines of Debra Winger's Manhattan pad. Tough to argue with that, whichever side of the conflict you are on.
  • "I’ve never bought illegal drugs, but I imagine a small-time drug deal to feel a bit like buying hummus underground in Brooklyn."
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.