The Post has learned that Bill Gates is selling his daughter’s New York City apartment — and is willing to take a little loss in the process.
door spent $5 million in cash Buying it for the three-bedroom spread through a trust administered through Watermark Estate Management Services LLC, which he uses for his personal and family affairs. The condo at 1212 Fifth Avenue is now on the market asking $4.75 million.
Gates, 67, bought the East Side residence for himself now-pregnant daughterJennifer Gates, so she’ll have a place to live after she graduates from Stanford University.
But as Jennifer looks on for fellow equestrian Naylor Nassar, and is set to welcome her first child – a baby girl – in a matter of weeks, in October 2021, she moves out of the home that overlooks Central Park.
Spread across nearly 2,400 square feet, according to the listing, the residence has coffered ceilings and windows for optimal sunlight and exceptional views of that famed greenspace.
There have been several updates since Jennifer moved in, including the widening of the living and dining room areas and the addition of a wet bar and wine fridge. Meanwhile, the third bedroom got a built-in desk, which could also serve as a home office or media room.
The eat-in kitchen features custom Italian cabinets along with Mille and Bertazzoni appliances, the listing said.
The corner primary suite has three closets with a marble en-suite bathroom with heated floors and a freestanding soaking tub. All have dramatic park views.
Building amenities include a 24/7 concierge attended lobby, a live-in resident manager, a 2,600-square-foot fitness center, a resident lounge and a children’s playroom.
Tony Haber of Compass has the listing.
Now a med student at the Icahn School of Medicine at Mount Sinai, and set to graduate in 2023, Jennifer celebrated the upcoming arrival of her baby boy Christmas-themed baby shower on Thursday,
The move to sell the house also comes as Gates admits he will drop out of the list of the world’s richest people.
“I turn 67 in October. It’s hard to believe I’m so old – in America, most people my age are retired!” he wrote in a December 20 Blog Post,
“Although I do not care where I rank on the list of the world’s richest people,” he wrote, “I know that as soon as I succeed in giving, I will fall down and eventually be dropped from the list altogether.” I’ll be out.”
Gates said, “I recently began to see the world through a new lens – when my eldest daughter gave me the incredible news that I would be a grandfather next year. Simply typing this phrase, ‘I will be a grandfather next year’ ,’ makes me emotional. And that thought gives a whole new dimension to my work. When I think about the world my grandchildren will be born into, I want everyone’s children and grandchildren to survive and live. More motivated than ever to give you the chance to thrive.