Nassef Sawiris - 960 Fifth Avenue Penthouse

Egypt’s Richest Man Shatters the Record for Priciest NYC Co-Op Ever Sold with $70 Million Bid

Nassef Sawiris

Billionaire Nassef Sawiris—the richest man in Egypt with a current net worth of $7 billion, according to Forbes—just scooped up late businessman Edgar Bronfman, Sr.’s penthouse at 960 Fifth Avenue for a whopping $70 million.

Nassef Sawiris - 960 Fifth Avenue

Originally listed for $65 million in March by Brown Harris Stevens, the opulent Upper East Side residence—which touts 16 rooms including five bedrooms and eight baths—triggered a bidding war among a slew of affluent hopefuls (among the rumored bidders was Walmart heiress, Alice Walton).

Nassef Sawiris - 960 Fifth Avenue Penthouse

Nassef Sawiris - 960 Fifth Avenue

The incredible transaction annihilated the previous record for the most expensive co-op ever sold in New York City: entertainment bigwig David Geffen’s $54 million buy at 785 Fifth Avenue in 2012.

Nassef Sawiris - 960 Fifth Avenue Penthouse

Photos and details courtesy of Curbed NY.

Related Posts

Four months after relocating to the U.K., Ellen DeGeneres and her wife, Portia de Rossi, have put their Montecito, California,

Photo Credit: Related Group The Related Group is set to make history in Aventura as it celebrates the launch of

Few design elements transform a space as effortlessly as a well-placed skylight.

Latest Posts