Russian Developer Switches from Asian Buyer to Self for Luxury Apartment Purchase

  • Russian billionaire Vladislav Doronin buys his own $135 million penthouse at Aman New York
  • Initially, the penthouse was sold to an Asian buyer for $180 million in 2019
  • The sale closed for a significantly lower sum of $135 million five years later
  • Doronin is also known for owning properties in Miami Beach, London, Ibiza and outside Moscow

In 2019, Russian billionaire Vladislav Doronin announced he had made a deal to sell the penthouse at Aman New York in the newly-converted Crown Building for $180 million to an Asian buyer. However, five years later, the sale of the penthouse closed for a significantly lower sum of $135 million with Doronin himself as the buyer. The penthouse spans about 13,236 square feet with another 4,462-square-feet of outdoor space and seven bedrooms. The condo project includes 22 units and luxury amenities. The building is now sold out.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the sale of a luxury penthouse by Russian billionaire Vladislav Doronin to himself for $135 million. It includes details about the property, its amenities, and quotes from Doronin’s previous statements. The only potential issue is the mention of ‘Billionaires’ Row corridor’, which might be a colloquial term but not an official name.
Noise Level: 6
Noise Justification: The article provides information about a luxury real estate transaction involving a Russian billionaire and his decision to purchase a penthouse in the Crown Building. While it may be of interest to those following high-end property sales, it lacks broader relevance or analysis of long-term trends or consequences for society.
Private Companies: OKO Group
Key People: Vladislav Doronin (Founder of OKO Group)

Financial Relevance: Yes
Financial Markets Impacted: Real estate market
Financial Rating Justification: The article discusses the sale of a luxury penthouse for $135 million in the Aman New York building, which is part of the OKO Group’s condominium project. The real estate market is impacted as it provides information about the sale price and buyer of a high-end property, and it also mentions the developer’s perspective on the luxury market in New York City.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.wsj.com