John Kim, the outgoing president of New York Life Insurance, is planning to list his three-bedroom apartment at New Yorkâ€™s One Madison condo tower for $11.95 million.
The decision to sell comes as Mr. Kim and his wife Diane make plans to relocate to their home in Naples, Fla., he said, following his scheduled retirement from the insurance giant at the end of the year. Mr. Kim, 57, joined the company in 2008, and was named president in 2015.
The 2,723-square-foot apartment, which is located in the Flatiron District overlooking Madison Square Park, spans the 24th floor of the building and has a wraparound terrace with views of the Metropolitan Life Insurance Co. clock tower. The home has 11-foot ceilings, oak plank floors and an open plan kitchen. Residents of the building also have access to a screening room, a fitness center, a yoga room, an indoor swimming pool and a spa.
Mr. Kim said he had lived in the Flatiron District for more than a decade, and had his eye on One Madison for a long time. â€śI always had in my head that I would love to live there,â€ť he said. â€śIt represented for me everything that is New York City, with a perfect view of the Empire State Building.â€ť He added that he enjoys kicking back with a glass of wine and watching the tail lights as cars stream up Madison Avenue at night.
Mr. Kim paid $10.25 million for the home in 2015, he said. Real-estate agent Michael Graves of Douglas Elliman is representing Mr. Kim in the sale of his property.
The building has also been home to celebrities such as athlete Tom Brady and his wife, model Gisele BĂĽndchen. The couple recently made a deal to sell their unit, which had been asking almost $14 million, according to people familiar with the deal.
Write to Katherine Clarke at [email protected]