David Geffen Purchases NYC Penthouse for $54M

The media mogul spent big bucks on the most expensive Co-Op in the city.

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Billionaire media mogul David Geffen recently purchased an opulent Fifth Avenue penthouse for $54 million. The wealthy 68-year-old bought the home from fellow billionaire Denis Rich for more than $10 million under her original asking price. The acquisition makes Geffen's penthouse the most expensive Manhattan Co-Op in the existence. The apartment offers sweeping views of Central Park, with 2 floors of space designated to the residences' 7 bedrooms, 11 bathrooms, three kitchens, full-service bar, recording studio, and staff quarters. 

Hit the thumbs for a brief tour inside.

[viaBornRich]

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