New York City Apartment Sells For Record Price
RENEE MONTAGNE, HOST:
Let's go to a very different reality for one student. Our last word in business today: beyond opulent.
A New York City apartment recently changed hands for $88 million - a new record for the New York market. Of course, it does feature a wraparound terrace and an oval shaped bedroom. The Central Park West penthouse belonged to former Citigroup bigwig Sanford "Sandy" Weill. He sold it to a Russian fertilizer mogul, though it was actually purchased by a trust set-up for the Russian billionaire's 22-year-old daughter, who is still a college student.
And that's the business news from NPR News. This is MORNING EDITION.
(SOUNDBITE OF CREDITS)
MONTAGNE: I'm Renee Montagne.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.