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	<title>Observer &#187; Ann Benton</title>
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		<title>Observer &#187; Ann Benton</title>
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		<title>That&#8217;s Capital: Hedge Funder Dan Benton Buys $39 M. Penthouse at 730 Park</title>

		<comments>http://observer.com/2012/12/thats-capital-hedge-funder-dan-benton-buys-39-m-penthouse-at-730-park/#comments</comments>
		<pubDate>Mon, 17 Dec 2012 20:15:14 -0400</pubDate>
					<link>http://observer.com/2012/12/thats-capital-hedge-funder-dan-benton-buys-39-m-penthouse-at-730-park/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=281934</guid>
		<description><![CDATA[<p><div id="attachment_281945" class="wp-caption alignleft" style="width: 235px"><a href="http://observer.com/2012/12/thats-capital-hedge-funder-dan-benton-buys-39-m-penthouse-at-730-park/730park/" rel="attachment wp-att-281945"><img class="size-medium wp-image-281945" alt="They love 730 Park." src="http://nyoobserver.files.wordpress.com/2012/12/730park.jpg?w=225" width="225" height="300" /></a><p class="wp-caption-text">It's a move upstairs for the Bentons.</p></div></p>
<p>Psst... do you want to hear a secret? The whisper listing at <strong>730 Park Avenue</strong>, a 12-room duplex penthouse with Central Park views, has sold to hedge fund titan <strong>Daniel Benton</strong> for a whopping <strong>$39 million</strong>, according to city records.</p>
<p class="size-full wp-image-281950">Mr. Benton, who recently re-opened his technology-based hedge fund Andor Capital Management, is apparently feeling financially confident enough to move up in the world. Literally. Mr. Benton and wife <strong>Anna </strong><a href="http://observer.com/2007/11/when-is-78-m-not-a-lot-when-its-a-condo-at-the-plaza/">currently own another 12-room duplex</a> on a lower floor of the same building that they paid $21 million for back in 2007. We guess they were a shoo-in with the board?<!--more--></p>
<p>Records show that the seller was <strong>Joann B. Walker</strong>, although they do not show what Ms. Walker paid for the apartment or when she bought it (apparently, before such things were a matter of public record).</p>
<p><div id="attachment_281950" class="wp-caption alignleft" style="width: 110px"><a href="http://observer.com/2012/12/thats-capital-hedge-funder-dan-benton-buys-39-m-penthouse-at-730-park/daniel-benton-2012-09-27/" rel="attachment wp-att-281950"><img class="size-full wp-image-281950" alt="Daniel Benton." src="http://nyoobserver.files.wordpress.com/2012/12/daniel-benton-2012-09-27.jpg" width="100" height="140" /></a><p class="wp-caption-text">Daniel Benton.</p></div></p>
<p>We're not sure what the asking price for the building's penthouse was, but it didn't really matter, because we've heard that it set off a serious bidding war when it came on the market this spring.</p>
<p>The sale was handled by Sothebys brothers <strong>Meredyth Smith </strong>and <strong>Serena Boardman</strong> as well as a Stribling broker, whom the company, in an earlier <em>Wall Street Journal</em> article <a href="http://online.wsj.com/article/SB10001424052702303916904577376242310147400.html?mod=WSJ_NY_RealEstate_LEADNewsCollection">on the mysterious listing</a>, declined to identify.</p>
<p>Ms. Smith, when reached for comment, confirmed that the sale had indeed closed.</p>
<p>"It is among the prettiest apartments that I've ever seen," said Ms. Smith. "It was a very, very beautiful listing."</p>
<p>Alas, there are no photos and Ms. Smith declined to provide more details, but the apartment is said to have (via <em>The Journal</em>) five terraces, including a wrap around and one on the maid's room, four bedrooms, a grand staircase, a solarium, a greenhouse breakfast room with a glass ceiling and a living room measuring 37 by 28 feet wide.</p>
<p>The sale is one of a string of successes for Ms. Smith and Ms. Boardman, who sold Teddy Fortsmann's apartment, also with <a href="http://observer.com/2012/04/no-listing-needed-40-m-contract-signed-for-forstmann-co-op/">a whisper listing and a bidding war, for $40 million</a> this spring. This summer, the sale of their 740 Park listing followed, with ex-Goldman Partner Jonathan Sobel picking up the 15-room spread for $19 million.</p>
<p>We were beginning to think trophy hunting season was over! The 730 Park penthouse, while it falls $15 million short of the current co-op record <a href="http://observer.com/2012/11/david-geffen-snaps-up-denise-richs-fifth-avenue-penthouse-for-54-m/">set by David Geffen's new Fifth Avenue penthouse</a>, appears to have set a building record. The next priciest listing is Mike Wallace's old duplex, <a href="http://streeteasy.com/nyc/sale/749133-coop-730-park-avenue-lenox-hill-new-york">listed for $20 million</a>.</p>
<p>And one broker who had seen the apartment speculated that it could have fetched more had it been in a condo rather than a co-op with a stringent board approval process.</p>
<p>"If Russians could have bought the apartment, it would have sold for much, much more," said the broker.</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_281945" class="wp-caption alignleft" style="width: 235px"><a href="http://observer.com/2012/12/thats-capital-hedge-funder-dan-benton-buys-39-m-penthouse-at-730-park/730park/" rel="attachment wp-att-281945"><img class="size-medium wp-image-281945" alt="They love 730 Park." src="http://nyoobserver.files.wordpress.com/2012/12/730park.jpg?w=225" width="225" height="300" /></a><p class="wp-caption-text">It's a move upstairs for the Bentons.</p></div></p>
<p>Psst... do you want to hear a secret? The whisper listing at <strong>730 Park Avenue</strong>, a 12-room duplex penthouse with Central Park views, has sold to hedge fund titan <strong>Daniel Benton</strong> for a whopping <strong>$39 million</strong>, according to city records.</p>
<p class="size-full wp-image-281950">Mr. Benton, who recently re-opened his technology-based hedge fund Andor Capital Management, is apparently feeling financially confident enough to move up in the world. Literally. Mr. Benton and wife <strong>Anna </strong><a href="http://observer.com/2007/11/when-is-78-m-not-a-lot-when-its-a-condo-at-the-plaza/">currently own another 12-room duplex</a> on a lower floor of the same building that they paid $21 million for back in 2007. We guess they were a shoo-in with the board?<!--more--></p>
<p>Records show that the seller was <strong>Joann B. Walker</strong>, although they do not show what Ms. Walker paid for the apartment or when she bought it (apparently, before such things were a matter of public record).</p>
<p><div id="attachment_281950" class="wp-caption alignleft" style="width: 110px"><a href="http://observer.com/2012/12/thats-capital-hedge-funder-dan-benton-buys-39-m-penthouse-at-730-park/daniel-benton-2012-09-27/" rel="attachment wp-att-281950"><img class="size-full wp-image-281950" alt="Daniel Benton." src="http://nyoobserver.files.wordpress.com/2012/12/daniel-benton-2012-09-27.jpg" width="100" height="140" /></a><p class="wp-caption-text">Daniel Benton.</p></div></p>
<p>We're not sure what the asking price for the building's penthouse was, but it didn't really matter, because we've heard that it set off a serious bidding war when it came on the market this spring.</p>
<p>The sale was handled by Sothebys brothers <strong>Meredyth Smith </strong>and <strong>Serena Boardman</strong> as well as a Stribling broker, whom the company, in an earlier <em>Wall Street Journal</em> article <a href="http://online.wsj.com/article/SB10001424052702303916904577376242310147400.html?mod=WSJ_NY_RealEstate_LEADNewsCollection">on the mysterious listing</a>, declined to identify.</p>
<p>Ms. Smith, when reached for comment, confirmed that the sale had indeed closed.</p>
<p>"It is among the prettiest apartments that I've ever seen," said Ms. Smith. "It was a very, very beautiful listing."</p>
<p>Alas, there are no photos and Ms. Smith declined to provide more details, but the apartment is said to have (via <em>The Journal</em>) five terraces, including a wrap around and one on the maid's room, four bedrooms, a grand staircase, a solarium, a greenhouse breakfast room with a glass ceiling and a living room measuring 37 by 28 feet wide.</p>
<p>The sale is one of a string of successes for Ms. Smith and Ms. Boardman, who sold Teddy Fortsmann's apartment, also with <a href="http://observer.com/2012/04/no-listing-needed-40-m-contract-signed-for-forstmann-co-op/">a whisper listing and a bidding war, for $40 million</a> this spring. This summer, the sale of their 740 Park listing followed, with ex-Goldman Partner Jonathan Sobel picking up the 15-room spread for $19 million.</p>
<p>We were beginning to think trophy hunting season was over! The 730 Park penthouse, while it falls $15 million short of the current co-op record <a href="http://observer.com/2012/11/david-geffen-snaps-up-denise-richs-fifth-avenue-penthouse-for-54-m/">set by David Geffen's new Fifth Avenue penthouse</a>, appears to have set a building record. The next priciest listing is Mike Wallace's old duplex, <a href="http://streeteasy.com/nyc/sale/749133-coop-730-park-avenue-lenox-hill-new-york">listed for $20 million</a>.</p>
<p>And one broker who had seen the apartment speculated that it could have fetched more had it been in a condo rather than a co-op with a stringent board approval process.</p>
<p>"If Russians could have bought the apartment, it would have sold for much, much more," said the broker.</p>
<p><em>kvelsey@observer.com</em></p>
]]></content:encoded>
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			<media:title type="html">They love 730 Park.</media:title>
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