Jeff Bezos is expanding his already expansive footprint in a luxury New York building. After the Amazon CEO put down about $80 million for three condos—the two-floor penthouse and the apartments on the floor below—in the 1912 neo-Gothic property last year, he snapped up another contiguous apartment just below the others.
According to CNN, Bezos bought the 3,000 square foot condo for $16 million—well above market price, as it last sold for $11.25 million in 2018. The surcharge is to be expected, though, as there is an added value in acquiring adjacent apartments in the same New York City building; it’s how many buyers are able to get overlarge condos in a city famous for its small dwellings.
Bezos’s personal interest in NYC has paralleled Amazon’s plans for expansion in the city. It’s been over a year since Amazon canceled plans for its “HQ2” in Long Island City, Queens, following the public’s protests against the tax incentives the tech juggernaut was slated to receive, and concerns about gentrification in the borough. But in the meantime, the company has secured office space for over 1,500 employees near Hudson Yards—far less than the 25,000 workers it had hoped to base in its HQ2, but a significant investment in the city nonetheless. And those jobs are in addition to the over 8,000 people Amazon said it had in New York as of December 2019, including thousands of warehouse workers and 3,500 employees in its “New York City tech hub.”