Jeff Bezos is buying 3 NYC condos worth a combined $80 million
Live MintNew York: Amazon.com Inc. isn’t setting up a new headquarters in New York City, but Jeff Bezos may be. The tech giant’s chief executive officer is buying three condos at Manhattan’s 212 Fifth Ave. with a total value of about $80 million, the Wall Street Journal reported Tuesday. Like the $238 million condo purchase earlier this year by Citadel’s Ken Griffin, the deal isn’t a sign that the city’s luxury market is reviving, according to Donna Olshan, president of brokerage Olshan Realty Inc. “The only thing it says is that this is what the richest guy in the world wanted to buy today,” said Olshan, who wasn’t involved in the transaction. Bezos’s condo purchase, in a tech-heavy neighborhood, could be a sign that Amazon is committing to a larger presence in New York, even without an official headquarters, according to Olshan.
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