‘Pigs Get Fat’ Investor Ricky Sandler Buys $19 M. Duplex

In October, as high-end real estate sales in Manhattan slowed to a desperate crawl, an accepted offer at Kitty Carlisle Hart’s old penthouse duplex at 1185 Park Avenue made the Upper East Side feel, briefly, good about itself again. After all, the co-op–with 10 rooms, four bedrooms, five bathrooms, a powder room, an $8,765 monthly maintenance, a library with a wood-burning fireplace, and a formal dining room with "unique carved ceiling details"–had been on the market at $20 million for only a month.

According to the deed, which was filed in city records today, the buyers are Mara and Ricky Sandler, who will be moving all the way from 1175 Park Avenue. Mr. Sandler, a 39-year-old hedge fund manager, has been known to say things like, "Cash is king," "Hogs get fat and pigs get slaughtered," plus, "Work hard and play hard." He and his wife paid $19 million for the apartment, according to the deed.

If you were wondering, his hedge fund, called Eminence Capital, has a lot of Oracle, Microsoft and Cisco stock. He did not return a call to his office. ‘Pigs Get Fat’ Investor Ricky Sandler Buys $19 M. Duplex