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Director Peter Jackson Divides Tribeca Penthouse Listing

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In The Lord of the Rings, Sauron, the Dark Lord, created a bunch of different rings in order to consolidate all of the power in the world and enslave Middle Earth (bear with us here). In Tribeca, The Lord of the Rings director Peter Jackson bought two separate units in 155 Franklin Street in 2008, never combined them, and re-listed them earlier this year. Okay, maybe this wasn't the best analogy (although to be fair, things didn't work out so great for Sauron either).

Jackson couldn't find a buyer for his small empire at $21.5 million and has since decreased the ask to $19.95 million. He also just gave in and listed the two units separately as well—the larger, a 5,869-square-foot 5BR/5BA is asking $14.85 million, while the smaller, a 2,440-square-foot 3BR/1.5BA can be had for $5.1 million. The penthouses include an additional 4,000 or so feet of combined terrace space. Jackson paid $17.35 million for the two and actually did begin the process of combining them—according to the listing, "Significant investment has been made by the current owner including a New Roof System, Parapet Repair, New state-of-the-art HVAC, Interior Renovation in addition to the various permits, approvals and design team fees for any further remodeling."—so the director will likely be looking at a loss when all is said and done.

· Listing: 155 Franklin Street #PH6S [Corcoran]
· 155 Franklin Street #PH6N [Corcoran]
· 155 Franklin Street coverage [Curbed]

155 Franklin Street

155 Franklin Street, New York, NY 10013