A Russian-born oil tycoon is about to pay a record $150 million for a three-story penthouse on New York's Upper East Side.
Leonard Blavatnik, 50, reportedly signed a letter of intent to purchase a private residence in the Mark Hotel designed by the French decorator Jacques Grange, The London Telegraph reports from New York.
"The price is startling," says Michael Slattery, a senior vice president at the Real Estate Board of New York. "New York is a city that can easily attract buyers for multi-million dollar residences, but such a high value is not the norm."
New York City 2010
