The Big Ticket is the $40M Co-op @ 70th & Fifth; the Big Deal is Theodore Forstmann
This week, the Big Ticket was the sale of a 4,000 sq ft duplex co-op on 70th St. & Fifth Ave., offering view of Central Park and the Frick Collection, for $40,064,000, to Laure Sudreau-Rippe. It was a “whisper listing” — i.e. it never even hit the open market.
The Big Deal, however, is the former owner of the co-op, the late Theodore Forstmann — the New York billionaire who inadvertently coined the phrase “barbarians at the gate,” takeover pioneer, philanthropist, father to two children he adopted from South Africa, former love of Diana, Princess of Wales, Elizabeth Hurley, and most recently Padma Lakshmi — all made clear by his NYT obituary.
“Teddy was a major American icon — a financier who invented corporate takeovers and lived his life in an attractive, elegant manner — and his homes reflect that lifestyle,” a real-estate insider said in this NY Post article.
