Bloomberg News

Matrix Capital’s Goel Buys Manhattan Apartment for $19 Million

February 28, 2014

Hedge-fund manager David Goel bought an apartment on Manhattan’s Fifth Avenue for $19 million, according to New York City public records filed today.

The seller was Charles Bronfman, the billionaire philanthropist and Seagram Co. beverage scion. The three-bedroom co-op, spanning the entire sixth floor of 810 Fifth Ave., had been listed for $19.9 million, according to real estate website StreetEasy.com.

The apartment is in a 13-story limestone building at the corner of 62nd Street that was completed in 1926. The unit has a library, two fireplaces and a “master bedroom suite with his and hers ensuite marble-clad baths and two custom-fitted dressing rooms,” according to the listing by Serena Boardman, a broker at Sotheby’s International Realty.

Goel’s Matrix Capital Management fund, based in Waltham, Massachusetts, was second on Bloomberg Markets magazine’s list of top-performing large hedge funds for the first 10 months of 2013. The fund had $1.6 billion in assets and had gained 56 percent last year through October, after recording a 20 percent gain in 2012, the magazine reported.

Bronfman, chairman of the Andrea and Charles Bronfman Philanthropies Inc., bought the apartment for $21 million in 2010, according to real estate website PropertyShark.com. Calls to Bronfman and Goel seeking comment on the deal weren’t immediately returned.

David Geffen, co-founder of movie studio DreamWorks SKG, paid $31.5 million for a penthouse at 810 Fifth Ave. in 2006, according to PropertyShark.com.

To contact the reporter on this story: Craig Giammona in New York at cgiammona@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net


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