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Art Collector Buys Two Schumacher Triplexes, Plans Combo

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The still-under construction Noho condo the Schumacher just came to market in June, and the marketing team is already flaunting its sales success. Broker John Gomes tells the Journal that two big time art collectors have signed contracts on units in the building. Alberto Mugrabi, whose family has amassed one of the world's largest collections of Andy Warhol's work, is buying not one, but two triplex units (which the building website calls "Mansions"), listed for $10.995 million and $9.7 million, with plans to combine them into a massive 8,719-square-foot home. The units wrap around the building's central Ken Smith-designed courtyard, where Mugrabi has the right to display some of his collection. Each unit has four bedrooms, four-and-a-half bathrooms, and great rooms nearly 40-feet long. One floorplan shows a theater room on the lower level, while the other has a wine room.

The other collector who bought in the building is Aby Rosen, who is better known around these parts for his real estate developments rather than his contemporary art collection. Rosen signed a contract for a three-bedroom, 3.5-bath, 2,408-square-foot unit listed for $8.5 million. Apparently Rosen brought Mugrabi along with him when he visited, and Mugrabi "had no intention of buying," but he fell in love with the place. So, naturally, he bought the two triplexes. Talk about an expensive impulse purchase.

Here are the floorplans:

· Two Big Art Collectors Pick Up Condos [WSJ]
· The Schumacher [official]
· The Schumacher coverage [Curbed]

The Schumacher

36 Bleecker Street, New York, NY