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Billionaire's Daughter Buys $88 Million Dorm Room

In Life by Emma Jones , on Thursday, December 22, 2011, 5:26 AM (PST)
ekaterina rybolovleva
Credit: Peter Bond/Wikipedia
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New York's Most Expensive Apartment Turns Into A Frat House

Remember when you were a student and you lived in a 6"x8" bedroom with windows that never shut properly? The shared bathroom and kitchen, complete with the occasional unsanitary critter, were all a part of student life. But not for Ekaterina Rybolovleva.

Ekaterina Rybolovleva, is the daughter of a well-known Russian fertilizer businessman and billionaire (many times over), Dmitriy Rybolovlev. She's 22 years old and this year will be attending an undisclosed New York University. Naturally, since she'll be studying so much in the Big Apple, Ekaterina needed a place to call home, which is why she bought an $88 million condo/dorm room.

Read: Britney Spears Pays $25,000 A Month To Live On A Golf Course

It's been called the most expensive individual real-estate transaction in the city's history, but what bang did Ekaterina get for her buck?

According to Forbes, the lavish 6,700 square foot Central Park West property has four bedrooms, two working fireplaces and 2,000 feet of terrace space. “This sale is an outlier. It works out to be about $13,000 per sq. foot, the highest on record, for anything, that has ever occurred,” says Jonathan Miller, chief executive of real estate appraiser Miller Samuel.

Read: For Sale: Frank Sinatra's $12 Million Home

It's far cry from your usual co-ed dorm, but despite living in such a high-end condo, Ekaterina is staying true to her student status by decorating the place with framed album covers, fishing wire and clothespins to dangle Polaroids of her friends above her bed, and discarded wine corks in a glass bowl on her coffee table. When can we bring a keg for the housewarming?

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Comments (1)
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