Toys R Us Founder Sells Fifth Avenue Penthouse

Wednesday, 07 Aug 2013 09:25 PM
960 Fifth Avenue penthouse - bathroom and closet
960 Fifth Avenue penthouse - bedroom
960 Fifth Avenue penthouse - dining room 2
960 Fifth Avenue penthouse - dining room
960 Fifth Avenue penthouse - fireplace
960 Fifth Avenue penthouse - hall way
960 Fifth Avenue penthouse - views
960 Fifth Avenue penthouse - floor plan

Charles Lazarus, founder and chairman of Toys R Us, has sold his Fifth Avenue penthouse to Peruvian billionaire and finance mogul, Carlos Rodriguez-Pastor. According to our friends at Curbed, Carlos is still in the midst of a lawsuit, trying to get out of a contract he signed for a different Fifth Avenue penthouse. 

Carlos, besides making headlines for backing out of a penthouse purchase due to the “lack of private wrap-around terrace,” has a net worth of approximately $3.4 billion. This did not stop him, however, from purchasing the co-op back in 2011 at only 68 percent of the original $29 million asking price. 

Lazarus’s Upper East Side home at 960 Fifth Ave is a three-bedroom, four-bathroom co-op located on the 10th and 11th floors of the 15-story building at 3 East 77th street. Carlos’s new neighbors include Benjamin Steinbruch, Edgar Bronfman, Sr., and Loic De Kertanguy. Luckily for them, Rodriguez-Pastor will not ruin the building’s prestigious reputation, where it was once said: “If you have less than $100, you’d be considered poor.” 

According to sources at the Real Deal Magazine, Roderick Waywell of Charles Rutenberg Realty represented both sides of the case with a confidentiality agreement.