Billionaire Joseph Edelman Puts Manhattan Penthouse on the Market for $33.2M

Billionaire Joseph Edelman Puts Manhattan Penthouse on the Market for $33.2M

Published: April 6, 2021 | By: American Luxury Staff

Hedge fund wiz Joseph Edelman recently listed his Manhattan penthouse for sale on the open market. The Perceptive Advisors CEO is asking $33.2 million for the property, a 7,200 sq. ft. mansion in the sky in the Lenox Hill neighborhood.

The Park Avenue building was built in 1912, and features Greek Revival architecture and a limestone exterior. In the 2000s, it was transformed into a condominium. It contains eleven units. The penthouse is the only triplex in the building; its top level—all terrace space but for a home theater with a window seat—adds the third level to this property.

The unit’s private elevator opens to the lower level foyer, transitioning to an entrance gallery with glossy, inlaid hardwood. The living room features a coffered ceiling and herringbone-pattern floors, and a carved French limestone fireplace. The kitchen is one of the standouts in this extraordinary residence, a rambling, wide-open room with abundant counter and island space, custom cabinetry, a La Cornue stove, and an Ann Sacks tile backsplash.

A wood-paneled library and creative workspace is among the penthouse’s middle-level rooms; the floor’s three bedrooms include a primary with a large private terrace and, with the two lower-level bedrooms, bring the total accommodations count to 5. The level’s gallery opens directly onto the multi-level outdoor terrace, which features a spa and living and dining areas surrounded by plentiful plants.

Edelman founded Perceptive Advisors in 1999. According to Forbes, his fund generated returns of 52% in 2019 and 29% in 2020.

Edelman’s net worth is north of $3 billion.

4020 April 6, 2021 Real Estate April 6, 2021