Lionel Pincus’s 733 Park Ave Duplex Coop Sold for $12.5M
A 7,000 sq. ft. duplex Park Avenue co-op owned by the late Warburg Pincus investment banker Lionel Pincus was sold for $12.5 million.
According to New York City public records, the buyers was a cryptic trust, the CES Trust, represented by Withers Bergman, LLP, a law firm that boasts of being the “leading law firm for successful people, families, businesses and charities.”
Corcoran’s Joan Kaplan had the exclusive.
The enormous 6 bedroom apartment boasts sweeping views with northern, southern, and western exposures.
The late Warburg Pincus investment banking magnate eschewed his family’s schmatte business to get an MBA at Columbia University. Pincus became a partner at investment bank Ladenburg Thalmann (Albert Einstein’s bank) when he was 29, before leaving to found Warburg Pincus.
In case you’re wondering, this was Warburg’s other 7,000 sq. ft. co-op, not the litigious one in The Pierre Hotel on Fifth Avenue.