I’d Like to Buy the World a Condo: Coca-Cola CEO Lists Astor Place Pad for $2.45M

Muhtar Kent, the chairman and CEO of Coca-Cola, has put his Astor Place condo on the market. (MANAN VATSYAYANA/AFP/GettyImages)

Muhtar Kent, the chairman and CEO of Coca-Cola, has put his Astor Place condo on the market. (MANAN VATSYAYANA/AFP/GettyImages)

Cue “Georgia on my Mind.”

It seems likely that Muhtar Kent, the chairman and CEO of the Coca-Cola Company who once described the relationship between the beverage corporation and its home city of Atlanta as a “great love story,” will be spending a little more of his time in that city after putting his Noho loft on the market.

The listing notes that the condo, which Mr. Kent paid $1.64 million for in 2008, is “perfect for a pied-à-terre,” which we assume is how he used the one-bedroom, 1.5-bath loft, given that his primary residence is near Coca-Cola’s headquarters in the Peach State.

Torsten Krines at Sotheby’s International Realty has the listing for the 21 Astor Place pad, which is asking $2.45 million—Noho condos, unlike carbonated beverages, tending to increase in value over time. Though it’s unclear what Mr. Kent did, if anything, to boost the 1,248-square-foot apartment’s appeal, given the dearth of listing photos.

The "elaborate open chef's kitchen." Still waiting on where "elaborate" fits in here. (StreetEasy)

The “elaborate open chef’s kitchen.” Still waiting on where “elaborate” fits in here. (StreetEasy)

The listing does mention 10-foot ceilings with loft windows and a designer bath and there is a photo of an “elaborate open chef’s kitchen,” though we can’t say we’re too convinced—it looks like it’s pretty standard. Still, it’s probably an ideal place to cook up some coke-fried chicken or coca-cola pot roast.

Mr. Kent purchased the apartment just before he was promoted to the top position at the beverage conglomerate, and as he reportedly receives upwards of $20 million a year as CEO, he may be looking to upgrade to some fancier city digs. Having been born in the Big Apple, he no doubt understands the all-important role of impressive real estate.

I’d Like to Buy the World a Condo: Coca-Cola CEO Lists Astor Place Pad for $2.45M