View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
January 14, 2010

Lily Safra buys $33m condo on Fifth Avenue

By Spear's

Ara K. Hovnanian and Rachel Lee Hovnanian sold a condo at 820 Fifth Ave. in Lenox Hill to Lily Safra for $33 million on Dec. 16.

Ara K. Hovnanian and Rachel Lee Hovnanian sold a condo at 820 Fifth Ave. in Lenox Hill to Lily Safra for $33 million on Dec. 16.

Unit #4 was built in 1916 and is part of the 820 5th Ave condominium development.

Safra is a Brazilian billionaire who is the widow of Edmond Safra, the founder of the Republic Bank of New York. Forbes reported that her net worth in 2009 is $1 billion, making her the 701st richest person in the world.

Mr. Hovnanian is chairman of the board, president and chief executive officer of Hovnanian Enterprises Inc., a New York developer of luxury homes. He is also a member of the advisory council of PNC Bank.

To read the full story, visit blockshopper.com

Content from our partners
Porto Montenegro: Adriatic Elegance Tailored to You
Family office gold rush in Hong Kong
Top of the league for football fans

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network