Makeup mogul William Lauder, executive director of the Estée Lauder Companies, has acquired a luxurious Co-op residence in New York for $24.95 million. The property was previously owned by Claudia Cohen, the late Page Six gossip queen. Lauder's purchase suggests his intention to combine his current apartment with the newly acquired property to create a duplex in the building.

Summary of transaction details:

• Property Type: Co-op
• Transaction Amount: $24,950,000
• Market: New York
• Buyer: William Lauder
• Broker: Steven Cohen - Douglas Elliman
• Square Footage: 5,500
• Price per Square Foot: $4,536

The deal was facilitated by broker Steven Cohen from Douglas Elliman. The transaction marks another significant investment by William Lauder, following his recent acquisition of Rush Limbaugh's Palm Beach mansion for $155 million.