Former Disney President Michael Ovitz Flipping Manhattan Condo for $25 Million

Michael Ovitz, former Disney president and co-founder of Creative Artists Agency, is trying to flip an apartment for a potential $3 million profit. Mr. Ovitz, who served as president of The Walt Disney Company under chairman Michael Eisner from 1995-97 after resigning from Creative Artists Agency, a talent and sports agency he co-founded in 1975 in Los Angeles, bought the 4,000-square-foot condo unit in June for $22 million all cash via a limited liability company from an entity tied to rock star Jon Bon Jovi, records accessed on PropertyShark show. [Source: Mansion Global]

Located in The Greenwich Lane, a collection of condos and townhouses built on the site of former St. Vincent’s Hospital, the apartment has four bedrooms, three full bathrooms and one partial bathroom, according to the listing posted last week by the De Niro team of Douglas Elliman.

The team’s lead, Raphael De Niro, who is a son of actor Robert De Niro and actress Diahnne Abbott, did not immediately respond to a request for comment. Accessed from a private elevator, the home features an entrance gallery that leads to a great room with three sets of glass doors opening onto Juliette balconies, according to the listing.

The living room and the eat-in kitchen are divided by a balcony, while the primary suite occupies its own wing with a marble bathroom, a free-standing tub and radiant heated floors, the listing said.

Communal amenities include a full fitness and wellness level managed by La Palestra with a gym, a yoga studio, a swimming pool with a hot tub, a golf simulator and a 21-seat theater, according to the listing. Mr. Ovitz, who has been engaged to Tamara Mellon, a British fashion entrepreneur and co-founder of Jimmy Choo, could not be immediately reached for comment. Dirt first reported the listing. [Source: Mansion Global]

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