Aneel Ranadive's Ranadive PH43A, LLC Acquires NoMad Condo For $8.8M

An entity connected to top early stage investor Aneel Ranadive recently purchased the most expensive top-floor penthouse suite at The Ritz-Carlton Residences in NoMad, Manhattan. The condo, located at 25 West 28th Street, achieved the highest price per square foot ever recorded in the neighborhood, second only to Jeff Bezos' purchase next door at 212 Fifth Avenue. The sale price for the 1,750 square foot property was $8,800,000, resulting in a price per square foot of $5,029.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $8,800,000
• Address: 25 West 28th Street, The Ritz-Carlton Residences
• Market: NoMad, Manhattan

The buyer, Ranadive PH43A, LLC, made a smart investment in this incredible pied-a-terre. Represented by Adam Zucker, Erin Boisson Aries, Dustin Crouse, and Nic Bottero from Douglas Elliman-Knight Frank, the buyer secured the top-floor penthouse at a record-breaking price. The seller, Flag Luxury Group, facilitated the transaction. It's worth noting that the hotel rents the unit for the buyer while they are away, generating potential income of up to $25,000 per night.