Daniel Och Doubles His Money On Nearly $200 Million Sale Of Central Park Penthouse

Billionaire David Och likely just made one of the best “trades” of his career.

The founder of Och-Ziff Capital Management just sold his Manhattan penthouse overlooking Central Park for about $95 million than he paid for it, according to a new report from The Wall Street Journal

The sale comes about 3 years after he purchased the apartment for about $93 million plus $2 million for a one bedroom unit on a lower floor, the report says. 

His four bedroom penthouse wasn’t listed and the buyer’s identity remains unknown. 

Och lives in Florida for tax purposes, but had been using the NYC pad as a pied-à-terre. With the nearly $100 million he will net from selling it, we’re sure he’ll be able to find another cozy spot to purchase when he visits NYC. 

Och also owns an apartment at nearby

Keep reading this article on Zero Hedge - Blog.

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