Translated by: MOS Translation Team – Snow Lily

A buyer recently bought the 220 Central Park South penthouse in Manhattan from the billionaire hedge fund manager Daniel Och for nearly twice the price. 

Source: Yahoo! finance

Bloomberg revealed the identity of the buyer ⎯ Blue Pool Capital. According to a New York state document, Blue Pool purchased this real estate, which was only $93 million two years ago, for $188 million after receiving a $71.5 million loan from JP Morgan Chase. The Hong Kong-registered capital company is a wealth management company owned by Joe Tsai, the Alibaba co-founder, and the boss of Brooklyn Nets. Half a year ago, Joe Tsai also spent $157 millions to buy two 1-story, 1-family apartments on the 60th and 61st floors of the building and a studio apartment on the 18th floor.

220 Central Park South was designed by Robert A.M. Stern Architects, who also designed the Museum of the American Revolution at Philadelphia. The interior was designed by Thierry W. Despont, known as Manhattan’s “Billionaire’s Bunker”. 

During the 2020-2021 pandemic, the top twenty-two most expensive real estate transactions in New York all came from this property.

Miles Guo disclosed in a recent live broadcast that the multiple high-priced properties near the Central Park purchased by Joe Tsai were transactions on behalf of Jack Ma for money laundering.

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