Hedge-fund billionaire Israel ‘Izzy’ Englander is a man with a mission, bagging another former consulate property for his personal use.
Public records last week revealed the co-founder of Millennium Management – and fifth highest-paid hedge funder in the US – paid $38 million for the townhouse at 8 East 75th Street that once housed the offices of the Hungarian People’s Republic.
In 2004, Englander paid a record $71.3 million for the one-time home of Gerard Araud, the French ambassador to the United Nations, at the tony 740 Park Avenue co-op (pictured above).
He purchased the townhouse at 8 East 75th Street from pharma scion, Mortimer Sackler, whose father co-founded Purdue Pharma, the corporation that filed for Chapter 11 bankruptcy last quarter, amidst legal battles surrounding the company’s role in the creation of the nation’s opioid epidemic.
City records show Sackler bought it for $15.5 million in 2004.
Built in 1910, DOB records show there has been some work done on the five-story single family home, including facade and plumbing upgrades. Old partition walls and hung ceilings have been removed to open up some rooms. But the deal was done off market, so there it little info’ on what the interiors look like.
Born and raised in Brooklyn, Englander is the son of Jewish Polish immigrants who survived the Holocaust. Today he has a personal fortune estimated at $3.3 billion.
He and wife Caryl own multiple homes, including an estate in Greenwich CT, the 740 Park duplex and a two penthouses on the 91st floor of 432 Park, right now the world’s tallest residential tower.