Berkshire Scion Peter Buffett Bails Out of One Madison for an Extra $750,000

  • Apparently, a high-rise Manhattan condo didn’t really suit Peter Buffett. The youngest son of the famously frugal, resolutely Midwestern clan of the Berkshire Hathaway chief  Warren Buffett has dumped his 18th-floor pad at 23 East 22nd Street for $4.25 million. The sale, which was previously reported by The New York Post, has finally hit city records.

    Despite his hesitance to pass on financial advice or anything beyond a $90,000 inheritance to his children (the oracle of Omaha does not, reportedly, believe in inherited wealth), the elder Buffett obviously passed on some investing savoir faire.

    Mr. Buffett and wife Jennifer will enjoy a nice return on the three-bedroom property, which they bought for $3.5 million in 2009. In fact, the property apparently appreciated in value even more than Mr. Buffett, a musician and composer, realized. Listed for $4.1 million with Prudential Douglas Elliman brokers Yoko Sananda and Matthew Gulker, the property spent less than a month on the market before going above ask.

    We’re not sure what the Buffetts didn’t like about this place—perhaps it was just too glitzy for the son of man who takes pride in living in a relatively modest family home despite his billions. The expansive floor-to-ceiling “glass curtain walls” and state-of-the-art kitchen with rosewood cabinets are a little over-the-top. As is the spa bathroom and the blackout/solar electric shades.

    But opulent or not, we’re sure such amenities will be enjoyed by new, attention-shy owner TLM Madison LLC.
    kvelsey@observer.com
  • Still, can you get views like this in Milwaukee?

  • The new LLC who owns this place will certainly enjoy this.

  • Rosewood cabinets in the kitchen.

  • Glass curtain walls.

  • The spa-like bathroom.

  • It has a Zuma tub!

  • Views!