Lawyer, Finance CEO & Wife Pay $12.9M For Stanhope Co-op Apartments

Structured investment executive and attorney Adam Gottbetter and his wife Lori Gottbetter just paid $11.9 million for a co-op apartment, along with another $1 million for a maid’s room at the Stanhope Hotel.



Gotbetter is the CEO of Gottbetter Capital, a hedge fund he started to help public corporations and private companies “as part of a committed going public transaction.”

He is also a lawyer and managing partner of Gottbetter & Partners, LLP, a corporate and securities law firm, attorney concentrating on financing, mergers and acquisitions (’M&A’) who gives legal advice about financing strategies and structured investments to securities issuers and investors.

Last year, the Gottbetters jammed with Glen Tilbrook, the legendary front man for Squeeze.

This blogger wrote about Stanhope co-op apartment sales several months ago, noting that the building was converted into 26 co-ops:

The luxury hotel was converted into cooperative apartments instead of condos by the developers for legal reasons. According to the New York Times, Extell Development was only able to “lease the land under the Stanhope…with annual rent charges on” it. That means shareholders owning half-floor apartments will have maintenance charges starting at $9,000 per month. Imagine the maintenance on a full-floor apartment!

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Luxury amenities include private spa and workout facilities from La Palestra, a sommelier for the entire building from the country’s oldest wine shop, Acker, Merral & Condit, and a high-tech concierge service that lets shareholders deal with valet parking, takeout deliveries, control A/C and heating in your apartment, and more.

Address: 995 Fifth Avenue, New York, NY 10028