Amazon's Jeff Bezos spends $25 million on another New York apartment

Amazon founder and chief executive Jeff Bezos has splashed more than $25 million on a New York apartment, in a bid to build a vertical dream home on Fifth Avenue.

The Manhattan apartment was snapped up for $US16.13 million ($25.38 million) earlier this year, with the deal closed this month, Mansion Global has reported.

It is the fourth apartment Mr Bezos has purchased in the luxury block, having already forked out more than $114 million on a penthouse apartment and two other apartments directly underneath it last year.

The three properties span the top four floors of the converted neo-Gothic industrial building, with 12 bedrooms spread across 1579 square metres of floor space.

The latest purchase sits below them and is one of only two apartments on the 20th floor.  It sold in an off-market deal for well above the $11.25 million, which property records show it last traded for in April 2018.

Spanning about 286 square metres, the apartment has three bedrooms, three and a half bathrooms, and a loft-like living and dining space.

The building in the Flatiron District, opposite Madison Square Park, offers high-end amenities including a 24-hour doorman and concierge, a fitness centre, a golf simulator, treatment room, screening room, game room, children’s playroom, boardroom, lounge and catering kitchen.

While New York, and much of the world, has been brought to a standstill by the coronavirus pandemic, Mr Bezos’ wealth has been on the rise; climbing about 5 per cent as Amazon stocks hit an all-time high last week, despite global economic uncertainty.

Amazon announced it would hire 100,000 workers last month to meet increased demand during the coronavirus pandemic. As of Monday Forbes had put Mr Bezos’ net worth at $US138 billion.

His latest real estate splurge comes shortly after he purchased the most expensive house in California’s history, dropping $US165 million ($245.6 million) on a Beverly Hills mansion spanning 1200 square metres earlier this year.

As for Mr Bezos’ plans for his growing New York portfolio, building permits were previously filed in 2019 to combine the units, but work has not begun, Realtor.com reports.