A Wall Street bigwig has bagged a new Fifth Avenue pad.
A trust in the last name of BlackRock co-founder Robert Kapito has purchased a six-bedroom unit facing Central Park for $13 million, according to tax records published in the city register Wednesday.
Located in a prewar co-op at East 87th Street, the six-bedroom, five-and-a-half-bath corner unit offers a living room with a fireplace, a paneled library with a fireplace and a formal dining room in a building popular with financiers.
Bristol Myers Squibb Vice Chairman Bruce Gelb, General Atlantic CEO William Ford and financier George Soros have all lived in the 48-unit edifice, according to property records. In 2023 author Malcolm Gladwell bought a two-bedroom in the 13-story building, whose amenities include a half-size basketball court.
The seller was the Oxford (1969) Trust, an entity controlled by the Bergreen family. Lawyer Timothy Bergreen, who has held high-ranking jobs in Democratic Party circles, is listed in public documents as the entity’s trustee.
Bergreen, who for years was the chief of staff for U.S. Sen. Adam Schiff of California, back when Schiff was in the House of Representatives, and who also served as a Democratic director for the House Intelligence Committee, has since 2021 worked for the Washington, D.C., law firm Hogan Lovells.
Bergreen’s father, Bernard, a corporate attorney and major Democratic donor, seems to have bought the unit with his wife, Barbara, though it’s unclear from public records when that might have happened or what they paid. But the advertisement for the apartment suggests the family bought it more than four decades ago.
Barbara Bergreen died in 2021, while Bernard Bergreen died in 2023, according to their obituaries.
The sale process had a rather unique element, at least in the current market. At a time when some luxury listings, including uptown co-ops, have lingered, the Bergreens’ home actually sparked a bidding war, according to Lisa Lippman, the Brown Harris Stevens agent who marketed the property.
In fact, when Lippman unveiled the unit in September, it was listed at $12 million. But two other prospective buyers swooped in along with the Kapito trust, pushing up the offers. The trust signed the contract just a couple of weeks later at the winning price of $13 million, said Lippman, who otherwise declined to comment on the deal.
Whether Kapito will call the unit home is unclear. He owns both a stable turned townhouse on nearby East 73rd Street as well as an estate in Alpine, New Jersey.
But the upscale unit could belong to another member of the family. According to the register, the purchasers also included William Kapito, who appears to be Kapito’s brother.
The two grew up in Monticello, New York, a Sullivan County village in the foothills region of the Catskills that was a historic Jewish vacation area known as the “Borscht Belt.” William Kapito seems to have divided his time through the years between an apartment on East 64th Street and Monticello, where he has helped lead tributes to Jewish veterans, according to property records and news clips.
For his part, Robert Kapito began his Wall Street career in the 1980s at investment bank First Boston before leaving in 1988 to co-found BlackRock with current CEO Larry Fink and other investors. Originally a bond-trading-focused division of investment firm Blackstone, BlackRock today is a global powerhouse with $11.6 trillion in assets under management, according to its first quarter 2025 earnings report.
Bergreen did not respond to an email seeking comment by press time.
