By Kim Velsey 1/02 2:30pm

Manhattan Transfers

A striking design, but not for everyone.

A Brutal Buy: Billionaire Marc Rowan Pays $26 M. for Brutalist Masterpiece at 927 Fifth

The holidays aren’t only a good time for giving to others; they’re also a popular time for people of means to buy themselves lavish gifts. This year Apollo Global Management managing director Marc Rowan went all out: the billionaire and bride Carolyn splurged on a $26 million co-op at 927 Fifth Avenue, according to city records.

The Rowans, who own a floor-through on the sixth floor, have purchased the floor-through on the fifth floor. The couple could be looking for a slightly inferior view, of course, but we’d say this a fairly unambiguous move to create a duplex floor-through. Read More

By Kim Velsey 5/01/12 3:49pm

Manhattan Transfers

You'd probably roost here too if you got the chance

Billionaire Marc Rowan Pays Millions For More Space In 927 Fifth Avenue

You can never have too much of a good thing, and 927 Fifth Avenue—red-tailed hawk controversies aside—is definitely a good thing. Or so Apollo Global Management managing director Marc Rowan and wife Carolyn seem to think.

The couple, who live on the exclusive co-op’s sixth floor, have paid $7.7 million for the space formerly owned by Robert Schwager, who died in 2007, according to city records.

Schwager, a prominent plastic surgeon, kept his offices on the ground floor of the building, which is classified, according to the deed, as commercial co-op space. Read More