Walter Yetnikoff, the 80’s-era CBS Records CEO famous for his Great Lakes-sized intake of cocaine and for the paternal pet names Michael Jackson gave him (Big Pop, Good Daddy), is now a septuagenarian. But that hasn’t stopped Simon, Streisand, Joel and Gaye’s old boss from satisfying his voracious appetites.
According to city records, he’s paid $2.475 million for a 24th-floor condo at Philip Johnson’s Metropolitan on East 90th Street.
His broker was Henry Teitel, a principal at HMT Realty. “I’m an old friend, but I assure you it’s intimidating, it’s an adventure, and it’s never dull,” he said about working with the ex-addict music man. “Dealing with Walter is always, always, always an adventure. And this was no different. But he really found a place that he liked—Philip Johnson is certainly someone special, and Walter appreciates that.”
Deed transfers show Mr. Yetnikoff’s last apartment was a Greenwich Street condo that he sold last year for $2 million. “He spends a lot of time at his estate up in Garrison, New York, about an hour or so away. He wanted to get away from downtown, so we found him this place.” (And yet: Just two years ago, he sold an East 88th Street condo for $1.26 million.)
This time around, his broker only showed the exec two places. “Because people like that, they don’t want to waste their time. … They don’t suffer—what’s the right word?—they don’t suffer going to the wrong place lightly.”
Mr. Yetnikoff’s new place is a tad cheaper than his friend Allen Grubman’s new $3.07 million apartment. (He’s talked about peeing on that famous lawyer’s hand, and gabbed about Mr. Grubman’s old fondness for Gramercy Park hookers.)
The Metropolitan sellers are hedge fund guy Michael Elkins and his wife, Kristin, who are moving up two floors to a bigger place. Ms. Elkins said her seller was an “amazing old guy,” but when a reporter talked about his history as a CBS executive, she said, “Oh. Really?”