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CNBC’s Robert Frank and David Faber reported on Monday that Joe Tsai is the mystery buyer of a $ 157.5 million apartment in New York’s most prestigious condo tower, 220 Central Park South on the South Shore. saying “Billionaires’ Row” in town.
The reported purchase would be the third most expensive residential contract in U.S. history, Frank and Faber wrote.
Tsai and his wife Clara Wu Tsai maintain residences in Hong Kong and LaJolla, a district of San Diego. They will apparently become residents of New York for the first time since they left the city two decades ago to help found Alibaba, the Chinese e-commerce giant.
A spokesperson for BSE Global, the parent company of the Nets, Liberty and Barclays Center, declined to comment on Frank’s report. According to CNBC reporters …
Tsai, who also owns the Brooklyn Nets NBA team, bought two single storey condominiums at 220 Central Park South in two deals totaling $ 157.5 million, according to people familiar with the deal. The purchase marks what would be the third most expensive home to ever sell in the United States. The most expensive house to ever sell in America is in the same building – Ken Griffin’s purchase of four stories (51 to 53) for $ 238 million in 2019.
Tsai’s purchase spans two floors (the 60th and one above) and offers stunning views of Central Park and downtown Manhattan. The case also includes a studio on the 18th floor, presumably for the staff.
Each floor is nearly 6,000 square feet.
The identity of the buyer has been a mystery – and the subject of a guessing game in New York real estate circles – for more than a month since the Wall Street Journal first reported the transaction. .
Tsai, whose net worth exceeds $ 10 billion, often attends Nets games and told the Post in 2019 that he plans to become more visible in the city. “New York is an incredible city. I have an affinity for New York, ”he told Brian Lewis. “My first job after law school was in New York City. I met my wife here. So New York is for me my second home.
Tsai, who grew up in Taiwan, attended Lawrenceville Prep outside of Princeton from grade eight and then attended Yale and Yale Law School in New Haven. After graduation, Tsai worked in New York as an attorney and investment banker.
Tsai becomes the second NBA owner to move to New York in recent months. James Dolan, owner of the Knicks, said he also moved to town.
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