New York Jets owner sells NYC pad for $77.5 million

By CM Towle | Mar 27, 2015

Nov 9, 2014; East Rutherford, NJ, USA; Young fans of the New York Jets react during the second half of the NFL game between the New York Jets and the Pittsburgh Steelers at MetLife Stadium. The Jets defeated the Steelers 20-13. Mandatory Credit: Ed Mulholland-USA TODAY Sports /

New York Jets owner Woody Johnson sells his New York City apartment for a record price of $77.5 million.

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Imagine buying a really expensive house or apartment for kicks, never actually living there. That’s what NFL owner Woody Johnson did recently. He purchased an apartment on Fifth Avenue in New York City a few years back, probably for a lot of money, and never lived there.

Instead living in one of his other houses. He put the apartment on the market last year for $75 million and this year it’s been snapped up at $77.5 million by a Ukrainian billionaire named Leonard Blavatnik, according to the New York Daily News.

The amount paid for the five-bedroom duplex at 834 Fifth Ave is the most ever paid for a co-op in New York City. The previous record was apparently held by an apartment at 740 Park Ave owned by hedge funder Israel Englander. That apartment was purchased for $70 million. The record for a condo sale remains the $100.47 million sale of a penthouse at 157 W. 57th St.

The building housing Johnson’s “old” apartment is a pretty famous one. It has 24 apartments in 16 stories, with some around 4,000 square feet up to 12,000 square feet, plus a view of Central Park.

The ironic thing is that the guy who bought the apartment might never live in it either. Blavatnik has also bought three other New York City houses for a combined price of $100 million. Think about that for a second. Three other houses for only $22.5 million more than one apartment, and he’s probably just collecting New York City real estate in a giant game of Monopoly.

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