Related’s Stephen Ross sells New York City penthouse for $40M

A national developer and billionaire, Ross has already moved on to a new penthouse at 35 Hudson Yards, a high-rise built by Related, which also created the Time Warner Center. In fact, the penthouse that Ross just sold there, which has a 42-foot-long living room with Central Park views, was reportedly acquired by Ross as a sort of development fee for building Time Warner and never purchased traditionally.

The Deutsche Bank Center apartment also has a library, gym and media room, and is served directly by several elevators, floor plans show.

Other changes have been afoot for Ross. In 2021 he and his wife, Kara Ross, a jewelry designer, began divorce proceedings after 18 years of marriage.