When this 4,200-square-foot loft at 158 Mercer Street came on the market in April, we wondered if it was really worth the $8.4 million asking price. Turns out, it wasn't. The apartment sold earlier this month for $7.25 million, according to public records spotted by the Real Deal. Despite selling for less than the asking price, the seller, French design guru and Interview magazine editorial director Fabien Baron, still made a pretty penny on the sale, as he picked up the unit way back in 1997 for just $1.5 million. In 2001, he enlisted famed designer Deborah Burke to redecorate with the minimalist aesthetic, and he had previously listed the apartment in 2010 for $7.5 million before changing his mind.
The apartment hosts a 59-foot living room, open kitchen and dinging room, and the bedrooms?a 450-square-foot master suite and a pair of sleeping rooms for children?are separated from the large entertaining area by a swinging door. Interesting design features include outlets hidden beneath the floorboards, "metallic slivers" in place of light switches, and custom oak cabinetry.
· Museum-Quality Soho Loft with One Adult Bedroom for $8.4M [Curbed]
· Fashion's Fabien Baron Sells Soho Home for $7.5M [TRD]