Jeff Bezos buys a $16 million apartment in New York [CNN]
Amazon.com, Inc. (AMZN)
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Source: CNN
Jeff Bezos buys a $16 million apartment in New York The Amazon founder and CEO bought a $16 million apartment this month that is adjacent to the $80 million in condos he already owns in a New York City apartment building, according to city real estate records. Last summer, Bezos purchased a penthouse and two apartments below it in a renovated 1912 neo-Gothic building that overlooks Madison Square Park. At $16 million, Bezos paid well over market rate for the 3,000 square foot apartment with three bedrooms and three and a half baths that is a floor below the others he already owns. The price represents a 43% premium over the $11.25 million the apartment sold for in 2018. That premium is due to the added value of acquiring contiguous properties within a building in Manhattan, said Jonathan Miller, president of Miller Samuel, a real estate appraisal firm that was not involved in the sale. "One plus one equals two and a half," he said. "You're overpaying for a standalone apartment, but it
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