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'First' Jeweler Buys Flipped Studio at Superior Ink for $1.7M

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Described as the go-to jeweler for First Lady Michelle Obama, designer Loree Rodkin just purchased a real estate bauble of her own at Superior Ink. Rodkin bought the former second-cheapest apartment at 400 West 12th Street, a 943 square foot studio on the third floor that was owned by Horacio Ledon, who bought the unit in March 2010 for $997,885. Perhaps inspired by all the high-profile flipping going on elsewhere in the building, Ledon renovated his studio and put it back on the market for $1.7 million, which he finally got from Rodkin.

· 400 WEST 12TH STREET, 3B [Zollinger]
· Superior Ink's Second-Cheapest Apartment Going for a Flip [Curbed NY]
· Superior Ink coverage [Curbed NY]
· Can Jeweler's Celebrity Chic Entice Investors? [WSJ]