Scott Bommer

A few minutes ago, the deed for that spectacularly, mind-bogglingly amazing $48,836,000 penthouse sale at 1060 Fifth Avenue was filed in city records. According to the deed, the deal was signed on July 29, which means the hedge fund manager Scott Bommer and wife Donya took exactly six months and six days to flip their $46 million penthouse for $2,900,000 more than they'd paid in January.

"Sometimes a cigar is just a cigar, is what I’m saying," the investor Glenn Greenberg, who used to live in the apartment, told The Observer earlier this week when asked about the Bommers' sale. "Sometimes it’s no more complicated than somebody changes their mind and the opportunity presents itself. And they go live in something that suits them better.”

The buyer is listed anonymously on the deed as Park View Trust.

Even though Tom Wolfe didn’t include 1060 Fifth Avenue in his canonical 1985 list of the most high-heeled, high-nosed, high-fenced Manhattan buildings, it’s the kind of co-op where the very proper, philanthropic financiers who are allowed to buy the most massively expensive apartments are, by silent decree, supposed to stay for at least a few presidential administrations.

“We certainly would not look favorably if we thought someone was coming in with the notion of turning around and leaving quickly,” an owner at 1060 Fifth, built by J.E.R. Carpenter in 1928, said this week. George Soros stayed in the building after his divorce (his ex-wife got $24 million for the apartment).  read more »