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Billionaire Leonard Stern Buys 'Ultimate Soho Penthouse'

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The $16.5 million stunner at 459 West Broadway that gave Curbed readers two sets of photos and about 1,001 things to drool over has sold. We knew the 4BR/4.5BA duplex penthouse was in contract, but city records now show that the deal is done, for $14.25 million. The buyer is Leonard Stern, who is famous in New York for more reasons than can be summarized in one short blog post. A few factoids from his bio: He's the main man in the Hartz Mountain Industries real estate/pet food empire, he built the Tribeca Grand and Soho Grand hotels, he's the "Stern" in NYU's Stern Business School, he owned the Village Voice, etc. Is this penthouse just another trophy in his case?

That's where things get particularly interesting. Guys on the Forbes 400 don't tend to uproot their Upper East Side existence and move downtown when they're in their 70s, but Stern was reportedly buying an $8 million duplex at 25 West Houston Street to crash at while his mansion at 925 Fifth Avenue goes in for repairs. Did he get a look at nearby 459 West Broadway and have a change of heart? Well, the 25 West Houston apartment is off the market after being listed "in contract." Maybe he's buying both! Who doesn't love a Soho shopping spree to lift their spirits?

Take a look at the floorplan at 459 West Broadway and you'll notice all sorts of private outdoor space. Here's a glimpse of what some of that looks like in real life, part of what the brokerbabble calls a "masterpiece." Good eye, Len!

· Listing: Ultimate Soho Penthouse [Sotheby's]
· 459 West Broadway coverage [Curbed]

459 West Broadway

459 West Broadway, New York, NY