Hedge Fund Founder John Griffin Buys Most Expensive NY Townhouse
- Griffin paid $77.1 million to ex-hedge funder Phil Falcone
- House previously belonged to Penthouse founder Bob Guccione
This article is for subscribers only.
John Griffin, founder of hedge fund Blue Ridge Capital, spent the most ever for a residential townhouse in New York City this week when he paid $77.1 million to Philip Falcone and his wife Lisa, according to people familiar with the transaction.
The townhouse, located on East 67th Street between Madison and Fifth Avenues, previously belonged to Penthouse magazine founder Bob Guccione. Former hedge fund manager Falcone purchased it in 2008 for $49 million and invested millions in a multi-year renovation of the property, installing a pool and movie theater below ground level and expanding the property to almost 30,000 square feet.