Hollywood power broker-turned-investor Michael Ovitz has unloaded his Greenwich Village apartment two years after a fizzled attempt at a quick flip.
The unit, a four-bedroom at the condo 155 W. 11th St., sold for $23.5 million in a deal that went into contract April 18, closed June 25 and appeared in the city register Friday.
Ovitz purchased the nearly 4,000-square-foot apartment from rocker Jon Bon Jovi in 2022 for $22 million in an all-cash deal and put it back on the market a few months later at $25 million.
But the unit, No. 14A, struggled to find a taker. In the end, the apartment traded for a bit more than the price paid by Ovitz, a co-founder of the talent agency CAA and short-lived president of The Walt Disney Co. who in recent years has invested in tech startups.
The buyer of the unit — which features a 39-foot-wide south-facing living room, an eat-in kitchen and a private elevator — used the shell company Bivouac and could not immediately be identified. Representing Bivouac in the deal was Midtown-based attorney Sharon Darouvar, who did not return an email for comment. And Raphael De Niro, the Douglas Elliman agent who brokered the deal on behalf of Ovitz, declined to comment.
The buyer paid in cash, based on property records.
In 1975 Ovitz and other William Morris agency alums founded Creative Artists Agency, which represented many of the top actors of the 1980s before expanding into advertising and business consulting, though Ovitz stepped down in 1995 to run Disney. But after a tumultuous tenure, former Disney Chairman Michael Eisner ousted Ovitz two years later.
In 2010 Ovitz founded the venture capital firm Broad Beach Ventures, which is based in Los Angeles. A Broad Beach investment from 2021 involved a $25 million financing round for the sales software firm Pathlight, according to Crunchbase.
Ovitz’s romantic partner for about the past decade has been Jimmy Choo co-founder and fashion entrepreneur Tamara Mellon. The couple’s primary residence is reportedly a 28,000-square-foot mansion in Beverly Hills.
A rendering of a sitting area
For his part, Bon Jovi, a CAA client, snapped up No. 14A in 2017 for about $19 million, also in an all-cash deal, according to the register. The seller then was Rudin Management, the developer of the condo, part of the Greenwich Lane complex near Seventh Avenue South on the former site of St. Vincent’s hospital.
The Ovitz transaction may not be the only high-profile recent resale at the condo involving a media executive. In late June former Village Voice publisher Peter Barbey listed his penthouse at the building for $32 million.