David Geffen Pays $54 Million for Duplex Penthouse – Record High for a NYC Co-op Apartment

Grammy-nominated songwriter and socialite Denise Rich, who recently renounced her American passport to save millions in U.S. taxes and now live in London has sold his ultra-lavish Fifth Avenue penthouse for $54million, $11 million less than asking price. Lucky buyer of this stunning penthouse on Manhattan’s Upper East Side, in which even the Prime Minister of Qatar showed his buying interest, is billionaire media mogul David Geffen. This deal between Rich and Geffen marks the highest price ever paid for a co-op in Manhattan!
  The co-founder of Asylum Records and DreamWorks, Geffen purchased the 12,000-square-foot duplex at 785 Fifth Avenue with an additional 5,000 square feet of exterior space with wrap-around terraces, making it one of the largest apartments in Manhattan. Located right outside of Grand Army Plaza, the Plaza Hotel, and Central Park, this luxury 7 bedrooms and 11 baths duplex boasts a grand salon with marble floors,11ft ceilings and custom mahogany doors on the upper level, while the lower level has a media room, billiard room, a gym and a professional recording studio. Currently, there are also a three kitchens, a wood-paneled library with wet bar and staff quarters. The dining room, which is off of the chef’s kitchen, can seat 22, and leads to one of three terraces.The master bedroom suite has a movie projector, a fireplace, and his-and-hers bathroom suites. Other features include a recording studio, an exercise room with a sauna and adjoining “hair salon,” and a private rooftop garden. David Geffen already owns an apartment in the same building, right below this newly duplex, but reportedly he isn’t satisfied with the space, so he plans to renovate it and sell it, once he moves into the duplex, which also plans to renovate.


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Calvin Klein’s New York City Penthouse on Sale for $35 Million

Luxury duplex penthouse in New York, once owned by the world-famous fashion mogul Calvin Klein is making its second on-the-market debut. Thanks to its prime position overlooking Central Park in New York, beside fact it belonged to Calvin Klein, the 5,000-square-foot penthouse achieve the price of $35 million!
Interesting thing is this apartment was owned by fashion mogul twice. During his first ownership in the 80’s, Klein installed a hot-tub on the roof-top terrace, while a second time in the 90′s, he tore down all the interior walls to create a larger, open living space in a minimalist style, clearly noticeable in his designs. The 12 rooms, 4 bedrooms, 4.5-bathroom, 5,000-square-foot apartment also has an additional 2,000 square feet of terraces. Now owned by to ex-record executive Steve Gottlieb, has given up on his grand plans to combine the empty space with his 18th-floor residence below. He invested around $5 million into renovations of this luxury home which boasts a 37-foot gallery, a 27-foot-long living room and a 30-foot-long dining room. A sprawling master suite with fireplace overlooks the Eastern and Northern terraces, and includes French Doors opening to the East-facing wrap terrace. Each spacious bedroom includes ample closets and full baths, en suite. “Every day is a miracle from up here,” Gottlieb said about apartment, which has also belonged to entertainment bigwig David Geffen and starred as Superman’s home in the 1978 Christopher Reeve movie. Raphael De Niro and Howard Margolis of Prudential Douglas Elliman Real Estate have the listing.


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David Geffen Buys Out Larry Ellison to Seize Control of Rising Sun, World’s Sixth Largest Yacht

David Geffen's Rising Sun Yacht David Geffen’s Rising Sun Yacht Music mogul David Geffen is now the sole owner of Rising Sun, the world’s sixth largest yacht, having seized control from co-owner Larry Ellison. In 2004 the German Lurssen shipyard launched one of the largest superyachts in the world, the 456 ft. Jon Bannenberg designed Rising Sun. She was commissioned by well known yachtsman Larry Ellison and nearly 4 years ago David Geffen joined Larry Ellison as co-owner of Rising Sun. Considerably bigger than other billionaire boats like Paul Allen’s Octopus, the Rising Sun has in excess of 8,000m² of living space with 82 rooms across five decks. Onyx countertops, a gymnasium, spa, sauna, wine cellar, private cinema, and basketball court that converts to a helipad are some of the fancy touches. Cost about $250 million to build, mega yacht Rising Sun are powered with four MTU 20V 8000 M90 diesel engines with a combined output of 50,000 hp that move the massive yacht along at up to 28 knots.