DreamWorks co-founder David Geffen plunked down $54 million for a downright cinematic Fifth Avenue penthouse, one of the largest apartments in Manhattan — and now the most expensive co-op ever sold in the city.

The 12,000-square-foot, seven-bedroom, eleven-bathroom duplex at 785 Fifth Avenue has an extra 5,000 square feet of exterior space in wrap-around terraces. The seller, aptly named socialite Denise Rich, originally asked $65 million for the apartment when she placed it on the market in January. The $54 million that Geffen put down represents the highest price paid for a co-op in Manhattan, according to Miller Samuel president Jonathan Miller.

The duplex sits atop a white-glove Emery Roth cooperative overlooking Central Park and has three kitchens, 11-foot ceilings, custom mahogany doors, striated marble floors, a library, media room, billiard room, professional recording studio and a “complete” gym (so, probably more extensive than a yoga mat and a dusty barbell). The dining room, adjacent to the chef’s kitchen, can accommodate up to 22 guests and has views stretching from Grand Army Plaza to Columbus Circle and Central Park.

Geffen currently owns a unit in the same building, right below the penthouse, the Wall Street Journal reported. He plans on renovating his new $54 million buy and nesting there, once he sells his old apartment. Moving on up!

Photographs below, courtesy of Corcoran‘s Bonnie Pfeifer Evans, Noble Black and Chazz Levi, who marketed the property:




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