A SoHo Triplex Sells for a File $35.1 Million

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A SoHo Triplex Sells for a Record $35.1 Million

In the final weeks leading up to the presidential election, real estate closings in New York City slowed, but there were still a few big deals going on, including a record purchase in SoHo and another king-size sale at 220 Central Park South.

An anonymous buyer paid $ 35.1 million for a meticulously renovated triplex at 419-421 Broome Street, the 19th century cast iron building where actor Heath Ledger rented a loft when he died in 2008. That was the highest price paid for a single residence in the SoHo neighborhood, according to real estate appraiser Jonathan J. Miller, albeit well below the original price of $ 65 million two years ago.

In Chelsea, financier Wes Edens, owner of Milwaukee Bucks N.B.A. Team also achieved a hefty discount. He bought a triplex at the top of the High Line-hugging 520 West 28th Street for $ 20.2 million. The original offer price in 2016 was $ 50 million.

Sales activity across New York lagged for much of the year due to the uncertainty surrounding the elections and the coronavirus pandemic, although listings and signed contracts are now on the rise. For the month of October, the city's highest sale was again at 220 Central Park South, the midtown condominium that set the national record for the most expensive home sold in the US in 2019. A maisonette in the complex's villa building has been under contract since February 2018, closing at $ 65.6 million.

Among the other notable deals of the month, David Lubars, chief creative officer of advertising agency BBDO Worldwide (think Snickers and Betty White), and his wife Cindy Lubars sold their fully renovated brownstone on the Upper West Side.

The SoHo Penthouse, Near Crosby Street on the SoHo-Cast Iron Historic District Extension, a distressed asset investor David Matlin and wife Lisa Matlin sold it. The buyer was listed as MF in the land registry entries. Nemshov1tz NY Realty Inc.

The Matlins bought the apartment on Broome Street, which was nearly 8,000 square meters on the fifth to seventh floors, in April 2011 for $ 17.8 million. They then spent the next four years doing extensive renovations, carefully selecting wood, stone and other high-rise buildings. End materials before being brought back to market in June 2018. The last price was $ 43.75 million.

The loft-like unit comprises three bedrooms and five bathrooms with full and two half baths as well as two kitchens, a fitness room and a media room. The outdoor area is a total of 3800 square meters and has six landscaped terraces, one with a whirlpool and an unfinished roof terrace with staff accommodation.

The 1873 building at 419-421 Broome has four residential and commercial space on the ground floor. Mr. Ledger, the actor, had rented a 400 square meter loft on the fourth floor of the apartment at the time of his death.

The Chelsea Triplex The company, which was bought for $ 20.2 million by Mr. Edens, a founder of Fortress Investment Group's private equity firm, has been dubbed the crown jewel of 520 West 28th Street – the eleven-story futuristic curved-glass apartment and steel belts that adjoin the High Line. It was one of the last projects by the Pritzker Prize-winning architect Zaha Hadid and her only residential building in Manhattan. She died in 2016, almost two years before the building opened.

Known as Penthouse 37, the apartment measures 6,853 square feet inside, with an additional 2,552 square feet outside. It contains five bedrooms and six and a half bathrooms as well as a library and a huge great room. The primary bedroom suite on the lower level has two full baths, a large dressing room, and a balcony, one of two in the unit. A striking sculptural staircase connects all three floors.

On the roof level is a 2,000 square foot terrace that surrounds a lounge and pavilion and offers breathtaking views of the city skyline, the Empire State Building and of course the High Line.

The apartment's most recent asking price was just under $ 25 million, or half the original price.

The maisonette 220 Central Park South comprises the eighth and ninth floors of the 18-story villa building with 10 residential units, which faces the park and is located next to the main tower. It was purchased through New York-based limited liability company Enka Residence.

The condo is 7,911 square feet with six bedrooms, seven and a half baths and has 1,095 square feet of outdoor space as per the latest revised listing plan from developer Vornado Realty Trust.

The limestone-clad complex near Columbus Circle opened in 2018 and is now almost sold out. It set the record for the most expensive single residence in the country early last year when Kenneth C. Griffin, a hedge fund manager, closed four unfinished floors in the tower and paid nearly $ 240 million.

The brown stone Owned by Lubars, 138 West 88th Street, between Columbus and Amsterdam Avenues, closed at $ 7 million. It had been under contract since August and sold for just under the list price of $ 7.7 million. The couple bought the house in 2004 for $ 4.2 million.

The four-story home has 5,500 square feet with five bedrooms, five full baths, a family room, a home office, and a library. In the finished basement there is a fitness studio with sauna. There is also plenty of outdoor space, which includes a landscaped garden behind the dining area and a terrace on the fourth floor.

The buyer was the limited liability company Townhouse 88th Street.

Mr. Lubars, who is also chairman of BBDO North America, has been behind a number of memorable promotional campaigns including Snicker's "You Are Not You When You Are Hungry" with Ms. White and other veteran actors.

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